{"id":265795,"date":"2022-10-22T17:00:06","date_gmt":"2022-10-22T11:30:06","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=265795"},"modified":"2024-01-30T02:21:41","modified_gmt":"2024-01-29T20:51:41","slug":"can-the-secs-latest-motion-for-summary-judgement-shake-up-things-for-ripple","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-the-secs-latest-motion-for-summary-judgement-shake-up-things-for-ripple\/","title":{"rendered":"Can the SEC’s latest motion for summary judgement shake up things for Ripple\u00a0"},"content":{"rendered":"

The ever-lasting lawsuit between the U.S. regulators (SEC)<\/a> and crypto solutions provider Ripple<\/a> continues to see new deadlines on weekly-basis. Approximately three days ago, Ripple and individual defendants filed<\/a> a memorandum of law in response to the U.S. Securities and Exchange Commission’s (SEC) motion for summary judgment.<\/p>\n

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Here\u2019s AMBCrypto\u2019s Price Prediction for XRP<\/a> for 2022-2023<\/p>\n

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Needless to say, the plaintiff not just acknowledged the move but even replied to counter this move in front of the court.<\/p>\n

Not so fast, my friend\u00a0<\/strong><\/h3>\n

On 22 October, the SEC filed its Memorandum in Opposition to the Ripple Defendants\u2019 Motion for Summary Judgment. Famed attorney James Filan had highlighted<\/a> this development on the social media platform. This litigation mainly circled around SEC’s argument over the Howey test as \u201cflexible and adaptable\u201d.<\/p>\n

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#XRPCommunity<\/a> #SECGov<\/a> v. #Ripple<\/a> #XRP<\/a> The SEC has filed its Memorandum in Opposition to the Ripple Defendants\u2019 Motion for Summary Judgmenthttps:\/\/t.co\/73y0invTFd<\/a><\/p>\n

— James K. Filan \ud83c\uddfa\ud83c\uddf8\ud83c\uddee\ud83c\uddea (@FilanLaw) October 21, 2022<\/a><\/p><\/blockquote>\n