Ripple’s lawyers have provided “concrete examples” of how the SEC accepted XRP’s non-securities status in meetings with exchanges and hedge funds, without being “told otherwise by the SEC”.
According to Senior Trial Counsel at the SEC, the agency has never taken an official position that Bitcoin and Ethereum are not securities.
The U.S. Securities and Exchange Commission continues to become entangled in contradictions and increasingly loses credibility as a result of the obviously illogical premises that have been drawn. A few hours ago, the transcript of the latest hearing in the Ripple Labs litigation was published.
As CNF reported, Ripple won its request for access to external and partially internal SEC documents regarding the classification of Bitcoin and Ethereum as non-securities. With the decision, Magistrate Judge Sarah Netburn sent two signals in favor of Ripple: for a possible early settlement of the case and for Ripple’s fair notice defense.
In addition, R
