Ripple and XRP are once again gaining traction, the company has released a memorandum countering that the Securities and Exchange Commission (SEC) “misquoted” its latest developments.
- Ripple has filed a new legal memorandum in an attempt to counter previous motions from the SEC.
- The memo claims that the SEC misquoted Ripple’s statements in its earlier attempts to dismiss Ripple’s defense.
- This is the latest development in an ongoing lawsuit over whether Ripple’s XRP sales constitute unregistered securities.
It may be hard to see if Ripple’s claims will be effective, however, the SEC previously stated that to its awareness, “no federal court has accepted the defendant’s argument.”
Given the case’s developments it is certain the that SEC will continue to oppose Ripple’s claims in the future.
Many believe that the case my end by the end of the year or may last until 2023.
Musk revokes Bitcoin payments, top analyst buys XRP
I wrote an article earlier this week that Elon Musk decided to step back and stop accepting Bitcoin as a means of payment for Tesla due to environmental concerns. Musk said they are looking for a cryptocurrency that is environmentally friendly, and XRP seems to be one.
In addition, a top analyst, Credible Crypto is naming seven assets he picked up during the latest market wide correction.
Majors are holding up absolutely beautifully on this drop. That’s exactly what you want to see when you’re looking to buy the dip. Loading up XRP, HBAR, BCH, EOS, ZEC, ETH, LTC.Credible Crypto