However, on 22 December 2022, the SEC applied to keep the Hinman documents out of the public domain. The court has previously asserted, correctly, that a digital asset is not a security solely by virtue of being represented in digital form or recorded on a blockchain ledger., Trials and juries are really to determine if theres uncertainty about facts. The author makes no representations as to the accuracy, completeness, or suitability of this information. Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services.. In the United States, securities regulations are set and upheld by the Securities and Exchange Commission (SEC). https://finbold.com/what-happens-to-xrp-if-ripple-wins-case-against-the-sec Proof-of-Work vs Proof-of-Stake: Which is Best. Ripple could have bad intent and still win. This site contains affiliate links to products/services. The veteran trader Brandt considers that the altcoin's price chart shows a head-and-shoulders pattern. Image via LawGovPol. The high degree of leverage can work against you as well as for you. The SEC argued that the XRP token sale was a violation of federal securities laws. Since they bought the XRP for as much as 30% below the market prices, they were able to resell it for a nice profit to hyped up retail investors like you and me who were completely unaware this was happening behind the scenes. Here the SEC presents numerous arguments as to why XRP is a security, citing the words and actions of Ripple, Brad, and Chris as evidence. XRP Price Prediction if It Wins Lawsuit By DailyCoin XRP Lawsuit Update: Coinbase Could Relist XRP if Ripple Wins The price of XRP gained more than 10% following the news, reaching $0.39 at press time. Information on these pages contains forward-looking statements that involve risks and uncertainties. XRP In response, Ripple strongly stressed that the briefs provide an important perspective to the court on whether investors expected XRP profits. Larry Cermak ? Thus paving a way for a