7/20/2021 4:12:27 AM GMT
The legal team behind Ripple has started building a new defense using the recent settlement between the SEC and Coinschedule.
Ripple lawyers argue that there is a lack of legal clarity surrounding digital assets as securities.
An attorney familiar with the case stated that the Ripple execs could not have known they violated securities law if any in 2013.
Ripple continues to present a new defense for its case filed by the United States Securities & Exchange Commission (SEC). The latest filing from the legal team of the blockchain firm leverages the financial watchdog’s recent comments over “regulatory uncertainty.”
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Judge allows Ripple to depose SEC official who decided ETH is not a security Bill Hinman could be called to testify on his 2018 comments regarding Ethereum’s security status. 41576 Total views News
San-Francisco-based fintech firm Ripple has notched up another small victory in its ongoing battle with the United States Securities and Exchange Commission.
U.S. District Court Judge Sarah Netburn has denied the SEC’s motion to suppress the deposition of the former director of the SEC’s Division of Corporation Finance, William Hinman, in a ruling in New York on Thursday.
In June 2018, Hinman said in a speech that based on his understanding of the Ethereum network and its decentralized structure, the “current offers and sales of Ether are not securities transactions.”