FTX Incident Reflected in Ripple (XRP) Case: Loss of Confidence Helped SEC!

Earlier accredify is a firm called ‘Equity’ that makes it easy for investors to verify their eligibility for online capital investments. InvestReady (Accredify), Ripple (XRP) the U.S. Securities and Exchange Commission’s case (SEC) requested permission from the court to intervene in the case in support of his request for summary judgment.

SEC Wins Backer In Fight Against Ripple (XRP)

In its proposed summary, InvestReady says that the arguments put forward by Ripple are “a playing card that is falling faster than Luna’s price,” in light of the recent FTX disaster.

InvestReady insists that the cryptocurrency is a security as it is issued by a centralized entity.

He also argues that Ripple’s fair notice defense should be rejected because other companies comply with securities laws, but Ripple has chosen to ignore them.

The petition argues that the definition of approved investor should be broadened as the public has a growing desire to participate in early-stage securities.

The company also has the SEC Commodity Futures Trading Commission to create a pathway for decentralization and commodification of tokens. (CFTC) He believes he should work with

He defines minimal decentralization as the loss of control of the token supply.

InvestReady stressed that it has no affiliation with the parties involved in the case.

Miles Jennings, general counsel of Andreessen Horowitz (a16z), recently said that there is no hope of a Ripple court victory against the SEC.

Jennings takes this view Ripple’s XRPHe based it on the fact that he sold the company individually to investors.

At the time of this writing, XRP was trading at $0.3870.

It is not investment advice.