Ripple vs. SEC comparison? Former second director doubts this and says that the decision could be made in a few days
Ripple vs. SEC comparison? Former second director doubts this and says that the decision could be made in a few days
It seems that the case between the US stock exchange supervision SEC (Securities and Exchange Commission) could soon be in court.
The former director of the San Francisco Office of the SEC, Marc Fagel, speculated on Twitter about the matter and said he believed that a decision could be made in a few days.
Will the SEC agree? Ripple?
according to For fagel would be a "agreement no precedent". However, he also argued that if there was an agreement, "it would look like it had already happened." He mentioned that comparisons are also not unusual on the eve of the process, but the effects of an injunction on future XRP sales seem to be a sticking point.
In addition, he also said that his "assumption is that a judgment is made within a few days." Fagel mentioned that even if he is wrong, there is currently no reason for the assumption that the delay of this case is due to something "beyond the complexity of the case".
My only reference point is the latest referee arrangement; This indicated to me that the court had already decided how the judgment would be. […] I think that the fact that you (judge Torres) clear materials that, if you are relevant, only come to court and not at SJ (ie the speech materials), indicate that at least part of it is on trial; There is also speculation.
The unsealed Hinman speech
FAGEL Reflowing documents refers to the latest development in the Ripple against the SEC case when judge Analis Torres presented the public speech to the public.
as cryptocolor, Rippledas Chief Legal Office asked to remove it from the SEC website and never again in discussions about whether it is a asset.
The speech was of central importance for the legal efforts of the Commission, since it claimed that the sale of XRP in 2013 was a non -registered offer of securities. Rippleba, on the other hand, that the speech is described as a goods, which should also be excluded that XRP was a securities, since it was sold in a similar way. .
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