In the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs (XRP), the parties have now called for a decision after two years.
Ripple and SEC,September 17 with the documents submitted to the court on the date of call for decision found. In the documents, Ripple Labs claims that the SEC’s claims made to prove that XRP sales constitute a security sale. run out while the SEC is continuing his claims expressed.
The parties appear before the court for a decision to be made. sufficient evidence has been presented by stating To Judge Analisa Torres called for a decision. One of the most important developments of the court, the SEC’s a right to the buyer or any obligation to the issuer without being given of a sale sale of securities Ripple suggested that it might be removing general standards Howey’s test cannot be applied by stating objected.
Brad Garlinghouse, CEO of Ripple about the topic September 18 via social media account in his postthat all you want is that the SEC doesn’t care about the law jurisdiction expand He claimed that it was and that he had put a lot of effort into it.
on the other hand Stuart Alderoty, Ripple Labs General Counsel about the topic in his statementthe SEC’s assertion that the sale was a sale of securities. have no proof and XRP will also be made by the Supreme Court, which determines whether an asset is a security or not. howey from the test that you can pass stated.