Court rejects SEC’s attempt to keep documents hidden
It looks like the legal battle between the SEC and Ripple is nearing its end. Ripple’s lawyers have strengthened their position by citing court arguments from the SEC vs Voyager case. This case set a helpful precedent for XRP, as the judge rejected the SEC’s request to ban the sale of the bankrupt company’s assets, arguing that the VGX token may be an unregistered security.
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The court ruled that the Commission had not explained clearly which cryptocurrencies are considered securities. The judge criticized the SEC for adding to market uncertainty rather than helping to solve problems.
Ripple is hopeful that the decision in the Voyager case in favor of digital assets will also be reflected in the XRP case.
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