Pro-Ripple lawyer unveils strongest argument in XRP's favor in SEC lawsuit RippleXRP XRPArmy XRPCommunity XRPHolders $XRP
, a crypto lawyer and digital asset enthusiast, shares that his ongoing review of the Daubert challenge documents reveals a significant weakness in the SEC arguments against Ripple.
Then there was the SEC’s argument that the expert evidence of a Ripple expert on treatment of XRP under other legal or industry regimes is irrelevant. The evidence is that based on its economic characteristics it is not a security /4In a thread of tweets, Morgan stated that one interesting thing he discovered while reviewing Ripple's response to the SEC's Daubert challenge was the agency's inconsistencies, or"typical change of position." He cites instances.
First, an SEC expert opined on the viability of Ripple's cross-border remittance product, alleging that ODL was not a genuine use case for XRP. The SEC revised its position and said the matter was irrelevant after Ripple's expert refuted the SEC's assertions and demonstrated that cross-border remittance use was feasible.Ripple argued that the ''the hypocrisy suggests that the SEC is adopting its litigation positions to further its desired goal and not out of a faithful allegiance to the law.
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