Joseph Hall thinks Ripple has a good chance to win the lawsuit against the SEC. He is also 'perplexed' why the regulator started this legal battle.
with Tony Edward, Hall said he is “perplexed why the SEC decided to bring that case.” In his view, the watchdog has a “pretty good chance that they lose all the merits” in the lawsuit.It is worth noting that the XRP community is firmly against all the accusations. Despite their vast number and their will to tilt the case in favor of Ripple, they won’t have “any sort of deciding role in what the judge determines,” Hall opined.“I stand by what I said long ago.
In November last year, Brad Garlinghouse – Ripple’s CEO – claimed that the legal lawsuit was going in favor of his firm. The executive outlined that the judge leading the case has been addressing “good questions” as he “realizes this is not just about Ripple,” and the outcome of the legal battle will have a broader impact.its lawsuit against Ripple with the one involving the blockchain organization LBRY Inc.
LBRY’s CEO Jeremy Kauffman argued that the tokens were not securities since there was no initial coin offering : “LBRY rejected a similar defense, at the pleadings stage, even though that case, like Ripple’s, did not involve an ICO and only contained allegations of unregistered offers and sales.”Uhhmm… In the LBRY case, LBRY actually asserted a Fair Notice Defense and not only did it not get stricken, the SEC didn’t even TRY and strike it.
So, how a trial level court striking a completely different affirmative defense in that case is relevant… I don’t understand.
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