Is SEC Getting Defensive In Ripple (XRP) Litigation?

US-based payment service startup that has been on the agenda of the crypto community for years Ripple (XRP) The litigation between the US Securities and Exchange Commission and the US Securities and Exchange Commission is still pending.

The 1.3 billion dollar lawsuit has come to such a point that; plaintiff, the SEC almost took a defensive position.

Recently I-Remit and TapJets Two firms, named Ripple, applied to the court to become involved in the ongoing lawsuit between Ripple and the SEC. After this request to the court, the SEC immediately objected.

The SEC cited the closeness of companies that want to be involved in the case to Ripple as the reason for the objection.

Although I-Remit, a Philippine-based payment company, does not directly use the XRP token to carry out its operations, it receives liquidity service from Ripple.

Private jet charter company TapJets, on the other hand, includes XRP in its payment services. Customers who want to rent a jet outside of working hours can access the TapJets platform. XRP can pay with

Will the Litigation Between SEC and Ripple End?

The SEC sued Ripple in December 2020, claiming that its XRP token sales required an investment contract. Although the case has been going on for about 2 years, no conclusion has yet been reached.

Recently, it has been on the agenda for both parties to demand a summary decision from the court. The general consensus in the crypto community is that XRP will win the case.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!

source site-5