SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws

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“Even if the SEC were to engage in a belated, post-discovery transaction-by-transaction analysis to identify XRP offers and sales with contracts, its claim would still fail as a matter of law. Not one of those contracts granted post-sale rights to recipients as against Ripple or imposed post-sale obligations on Ripple to act for the benefit of those recipients,” the filing said.



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