Deaton and Former SEC Lawyer Clash Over Ripple XRP Sales
Legal experts are engaging in a heated debate regarding Ripple's XRP sales, which the United States SEC charged Ripple and two of its execs with selling unregistered securities in the form of XRP in December 2020. Pro-XRP lawyer John Deaton engaged former SEC attorney Marc Fagel in a debate over the charges filed by the securities regulator, and Fagel noted that the SEC has a better summary judgment argument than Ripple. However, Deaton has a problem with the way the SEC laid out its argument, which is capable of implicating secondary market transactions. Deaton asserts that the SEC's argument is far-fetched, traveling through space and time into the future and capturing all possible future sales, and they cannot categorically state that the law backs the SEC's argument in the Ripple or protects investors. The development comes days after Australian-based lawyer Bill Morgan urged XRP holders to engage Fagel politely.
Coinbase Chief Legal Officer Reacts to XRP Relisting Concerns
Coinbase's Chief Legal Officer, Paul Grewal, has stated that the exchange would only consider relisting XRP if the cryptocurrency meets certain conditions. Grewal emphasized that Coinbase would conduct a thorough assessment of XRP, even if the judge presiding over the Ripple-SEC lawsuit classifies it as a non-security. He added that Coinbase is eager to hear Judge Analisa Torres' final verdict and will weigh the court's determination before making any decision about relisting XRP. Coinbase delisted and ceased trading for XRP in 2021 following the SEC's lawsuit against Ripple, claiming that XRP is an unregistered security. The XRP community has been calling for the relisting of the cryptocurrency, but Coinbase cites regulatory issues as the reason for not supporting it.
Ripple CEO Praises XRP Army in Fight Against SEC
Ripple CEO made this known following a meeting with some XRP community members at the XRP Las Vegas 2023 event.
XRP Lawyer Confident Of Public Interest Consideration By Judge Analisa Torres
John Deaton, the attorney representing XRP token holders in the SEC lawsuit, expressed confidence that the community support will work in favor of Judge Torres’ decision. He made the comment in context of speculation on Coinbase listing XRP and Ripple’s XRPL using the token.
Pro-XRP Lawyer Castigates The SEC’s Argument Saying It’s Unfounded And Absurd
Prominent lawyer and supporter of XRP, the cryptocurrency created by Ripple, has criticized the U.S. Securities and Exchange Commission's (SEC) case against Ripple and its executives.
BitBoy Mentions Potential Key Ally to XRP Against SEC
Coinbase could become a key ally for Ripple and XRP in their ongoing legal battle with the US SEC, according to BitBoy, a prominent crypto influencer. This comes after the Chief Legal Officers of Ripple and Coinbase, Paul Grewal and Stuart Alderoty, respectively, recently had a meeting. While the details of the meeting are unknown, it has led to speculation of an alliance between the two companies. Notably, Coinbase recently filed a lawsuit against the SEC, seeking regulatory clarity for the crypto industry. This move has elicited excitement within the XRP community, with many believing an alliance with Coinbase would be beneficial for both companies.
Pro-XRP Attorney Shares Information That Could Be Bullish For Ripple
Attorney Jeremy Hogan took to Twitter to share a previous ruling by Judge Analisa Torres in another case involving a crypto mining company Rio Tinto and the SEC. In the cutout of the ruling posted by Hogan, it shows that the judge previously ruled that there was no liability on the part of Rio Tinto when “the sole basis for such claims is alleged misrepresentations or omissions,” something that is also present in the Ripple case.
Coinbase And Ripple CLOs Meet, Will XRP Listing Follow?
A new tweet by Coinbase Chief Legal Officer (CLO) Paul Grewal has sparked interest and speculations in the crypto community. The CLO expressed his appreciation to Ripple’s General Counsel, Stuart Alderoty, for their meeting, stating they needed to meet more often.
Q1 2023 XRP Markets Report
Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of crypto markets, including its quarterly XRP sales, relevant XRP Ledger and XRP-related announcements, and commentary on market developments over the previous quarter.
Coinbase Top Official Responds to XRP Relisting in Latest Interview
In a recent interview, Coinbase's Chief Legal Officer, Paul Grewal, responded to questions about the company's decision to relist XRP on its platform. Grewal stated that the decision to relist XRP was based on a number of factors, including the resolution of the SEC's lawsuit against Ripple, which had accused the company of selling XRP as an unregistered security. Grewal also noted that Coinbase had conducted its own analysis of XRP and had concluded that it was not a security. The relisting of XRP on Coinbase is seen as a significant development for the cryptocurrency, which has been embroiled in regulatory uncertainty over the past year.
