Ripple demands to know why Ether isn't a security as XRP defense gets desperate

Ripple demands to know why Ether isn't a security as XRP defense gets desperate

Ripple has filed a Freedom of Information Act request with the SEC which targets documents pertaining to Ethereum co-founders Ripple's case before the Securities and Exchange Commission is threatening to have major, well, ripple effects for the industry.On Jan. 29, Ripple Labs filed its response to the SEC's complaint. Ripple, as it has many times before, argued that XRP is not a security i.e. an investment in Ripple and is therefore not in the SEC's jurisdiction. Ripple is, moreover, prepared to drag the rest of the industry into its fight to make its case. A Ripple representative told....


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Ripple recently filed a “motion to compel responses to interrogatories” in which they ask the SEC whether Ether is a security. As pointed out by Attorney Jeremy Hogan, this line of questioning is an “AMAZING” move, in that, regardless of the answer given, the SEC will weaken their case. Last month, at the Aspen Security Forum, […]