Ripple Can Fight Back Against SEC’s Stablecoin Attack With Binance Ruling
SEC Asks Court to Issue Requested Injunction Based on Assumption of Future Ripple Violations. Securities Regulator Attacks Ripple’s Stablecoin Plans, Arguing That Injunction Is Required.
XRP Expert Ashley Prosper Asserts That Binance’s Dismissal Motion Could Come Anytime, and Judge Jackson Could Rule That BUSD Is Not a Security.
The Court’s Opinion and Ruling in Binance Litigation Will Be Beneficial to Ripple’s Counterargument That the New Stablecoin Is an Unregistered Crypto Asset.
Judge Torres Could Partially Dismiss SEC’s Motion for $2 Billion Penalty, Citing a “Non-Disclosure” Decision as Precedent. However, He Does Not Rule Out the Possibility That Judge Torres Supports iFresh’s Reasoning. In addition, the Judge Could Schedule a Hearing to Resolve Unanswered Questions About Both Parties’ Positions.
XRP Lawyers Expect Final Ruling to Come Much Faster Than Summary Judgment Ruling, That Is, Within 60 to 90 Days of Last Briefing. Similarly, Ashley Prosper claims that the XRP community will have to wait until July or August, or even September to see Judge Torres’ final ruling.
XRP price is currently trading near $0.52, up nearly 1% in the past 24 hours. The 24-hour minimum and maximum prices were $0.509 and $0.528, respectively. The trading volume on spot exchanges remains low. Ambush potential coins in advance, click on my avatar to find me. Welcome to like, follow, collect, and forward.
