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David Vance

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  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/ripple-cto-judges-ruling-favors-xrp-despite-overlooking-ripples-legal-theories/">Ripple CTO: Judge’s Ruling Favors XRP, Despite Overlooking Ripple’s Legal Theories</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
  <p>In a surprising courtroom twist, Ripple and its team of legal allies, despite not having their theories adopted, still came out on the positive side of <a href="https://coinpedia.org/news/ripple-vs-sec-battle-unveils-judges-unexpected-stance-on-xrp-secondary-transactions/" rel="noopener noreferrer nofollow">Judge Torres’ recent XRP ruling</a>. While the judge didn’t seem to dance to the beat of Ripple’s arguments, the overall rhythm of the ruling was in harmony with Ripple’s belief that “<em>tokens are not intrinsically securities.</em>“</p> 
  <h2 class="wp-block-heading" id="strong-the-legal-choreography-strong"><strong>The Legal Choreography</strong></h2> 
  <p>Gabriel Shapiro, General Counsel at Delphi Labs, took to the social media stage to laud Ripple’s collaborative troupe, especially the legal maestros who worked in tandem with the renowned attorney, Lewis Cohen. Their stellar performance was instrumental in influencing Judge Torres’ final verdict. However, the judge performed her own legal ballet, departing from the choreographed legal theories presented by Ripple and its backers.</p> 
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     <p lang="en" dir="ltr">Ripple won *despite* every legal theory asserted by Ripple and its amicii…<br><br>The amicii, especially with <a href="https://twitter.com/NYcryptolawyer?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NYcryptolawyer</a> 's help, deserve tons of credit for getting the judge to think deeply and side with Ripple, but the judge did not agree with their legal theories… she ended… <a href="https://t.co/LRiSvazFb6" rel="noopener noreferrer nofollow">pic.twitter.com/LRiSvazFb6</a></p>— _gabrielShapir0 (@lex_node) <a href="https://twitter.com/lex_node/status/1680537557174460416?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 16, 2023</a> 
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  <h2 class="wp-block-heading" id="strong-the-unforeseen-twist-strong"><strong>The Unforeseen Twist</strong></h2> 
  <p>According to Shapiro’s critique, Judge Torres turned the tables by not following the “predicate contract” theory put forth by Ripple and its partners. Instead, she put the spotlight on the link between an “investment of money” and “efforts” in the Howey test, a twist that was not a part of the original script delivered by the defending parties.</p> 
  <h2 class="wp-block-heading" id="h-ripple-cto-s-encore"><strong>Ripple CTO’s Encore</strong></h2> 
  <p>In a follow-up act, David Schwartz, Ripple’s Chief Technology Officer, took centre stage and acknowledged Shapiro’s review. He confirmed that Ripple’s choreographed legal arguments didn’t command the spotlight in the ruling. Schwartz also highlighted Ripple’s determination to pursue legal theories, even those with lower chances of success.</p> 
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     <p lang="en" dir="ltr">These are from Ripple's motion for summary judgment. I agree the ruling doesn't focus on the legal theories Ripple put the most effort into, but it makes sense that you need to try the hardest for the things least likely to work. <a href="https://t.co/4rYXoxieyl" rel="noopener noreferrer nofollow">pic.twitter.com/4rYXoxieyl</a></p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1680647360152735745?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 16, 2023</a> 
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  <p>The judge’s decision, while not the exact performance Ripple intended, still echoed their primary assertion that XRP is not inherently a security. This favorable outcome prompted a standing ovation from Ripple, its legal ensemble, and the crypto community, all celebrating the broader implications for crypto regulation in the United States.</p> 
  <p>The ruling has triggered a buzz about Ripple potentially taking a bow on the public stage with an Initial Public Offering (IPO). This encore performance has just added another layer of intrigue to Ripple’s riveting legal drama.</p> 
  <p><em>Also Read – </em><a href="https://coinpedia.org/news/will-sec-appeal-legal-expert-shares-insights-on-ripple-vs-sec-case/" rel="noopener noreferrer nofollow"><em>Will SEC Appeal? Legal Expert Shares Insights on Ripple vs. SEC Case</em></a></p>
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Ripple CTO: Judge’s Ruling Favors XRP, Despite Overlooking Ripple’s Legal Theories

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