2024

April

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Following a significant development within the ongoing legal confrontation between Ripple and the SEC, notable XRP enthusiast and legal expert <a href="https://x.com/freddyriz/status/1785095953810428128" rel="noopener noreferrer nofollow">Fred Rispoli</a> has underscored a potential vulnerability in the SEC's case.&nbsp;
Ripple, a San Francisco-based firm primarily recognized for its association with the <a href="https://u.today/ripple-cto-and-cardano-creator-engage-in-heated-debate-about-xrp" rel="noopener noreferrer nofollow">XRP</a> token, faces allegations of breaching securities regulations in a contentious legal dispute with the SEC.
Rispoli's recent analysis centers on Ripple's motion to strike the SEC's expert disclosure in its briefing. Expressing surprise at the timing of Ripple's filing, Rispoli nonetheless illuminates a critical omission on the part of <a href="https://u.today/sec-boss-has-long-viewed-ethereum-as-a-security-new-filing-reveals" rel="noopener noreferrer nofollow">the SEC</a>: the failure to request a deposition.
The absence of such a procedural step could potentially erode the SEC's stance, particularly if certain witnesses were not rightly listed in the disclosure statement. Rispoli underscores the significance of this oversight, suggesting its potential ramifications for Ripple's defense strategy.
<blockquote>
 I haven't deep dived it but my very first thought was why did Ripple wait so long. Really should have filed it as soon as the issue came up, no later than March briefing. Also not good for Ripple that (if true) it never asked for the deposition. Both sides have case law for what…— Fred Rispoli (@freddyriz) <a href="https://twitter.com/freddyriz/status/1785095953810428128?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a>
</blockquote>
While refraining from delving into intricate legal nuances, Rispoli emphasizes the importance of expeditious action, noting that Ripple's delayed response may carry repercussions. Nevertheless, his analysis hints at a plausible avenue for Ripple's defense team to exploit, as he speculates on Judge Netburn's potential considerations in light of the SEC's procedural lapse.
The assessment sheds light on a potential gap in the SEC's armor, providing <a href="https://u.today/ripple-expands-its-presence-in-japan-with-latest-partnership" rel="noopener noreferrer nofollow">Ripple</a> with a glimmer of hope in its quest for justice. As the legal drama unfolds, all eyes remain glued to the courtroom, awaiting the next twist in this saga of regulatory scrutiny and crypto controversy.

Ripple v. SEC: XRP Advocate Exposes Key SEC Weakness

U_Today

Other articles published on Apr 30, 2024

Approaching Crypto Summer Will Drive Valuations of Two Digital Asset Subsectors To ‘Dumb’ Levels,...

Hong Kong’s Bitcoin And Ethereum ETFs Start Trading For Eligible Investors

Top Crypto Gainers Today Apr 30 – Avalanche, SafePal, Waves, Amp

Solana’s struggle with $160-level: Should you count on a recovery?

Toncoin and Solana Shine Amid Top Contenders For Year; Can Rebel Satoshi ($RECQ) Overshadow Both ...

Dogecoin and Shiba Inu Challenger Homo Dogecoin (HODOGE) to Rally Over 8,000% Amid MEXC Listing

Join our free newsletter for daily crypto updates!