Ripple continues to stand strong against SEC’s onslaught
Former US congressional candidate and founder of Gochstein Media David Gochstein Predicts a win for Ripple as well as the entire crypto industry.
The San Francisco-based company is currently battling the SEC over allegations that Ripple and its executives engaged in illegal security offerings through sales of XRP. If successful, the case could set an important precedent for the crypto industry.
Over the weekend, both Ripple and the SEC re-filed their answers in opposition to the summary judgment motions.
Ripple General Counsel Stuart Alderoty shared the news of the landmark moment. He mentioned that the reply briefs mark Ripple’s final submission in its bid for the court to grant judgment in its favor.
He adds that the defense was done on behalf of the entire cryptocurrency sector and that Ripple is proud of its valiant effort.
In response to the accomplishment, CEO Brad Garlinghouse congratulated the Ripple team and stated that the company would fight tenaciously to secure clear regulations for the whole crypto industry in the United States.
He added that Ripple has remained strong in the face of the SEC’s onslaught. Garlinghouse also mentioned that he was looking forward to being on the side of justice.
The case has evolved to the point where the outcome is now anticipated since the motions for summary judgment have been fully briefed. According to James K. Filan, who usually shares updates on the lawsuit, Judge Torres’ final ruling might come in “one big written piece.”
Gochstein, like the rest of the XRP community, is optimistic about a decision in favor of Ripple, citing the clarity it brings to the entire crypto industry. As reported by U.Today, Gohkshtein predicted that XRP will take off after Ripple wins its case against the SEC, stating that the entire crypto industry will also go parabolic.
