XRP posts sudden gains, here is surprising thing about recent price growth RippleXRP XRPArmy $XRP XRPCommunity XRPHolders Crypto
highlights a striking thing about the latest price increase. As XRP rose 10%, LBC, the native token of the LBRY blockchain, was up 11%, while Dragonchain's token, DRGN, was up 5%. Interestingly, these were assets"implicated by the SEC," according to John Deaton.
Referring to Ripple's general counsel SEC's Alderoty Twitter comments on the SEC's chair take on securities, Deaton pointed out the SEC's inconsistencies:"I remember this moment during the oral argument. Although the SEC attorney initially said he would have to think about it, he ended up saying if it can be said that anyone COULD expect a profit, it doesn't require them to actually expect profits. Think about that for a moment."As reported by U.
Alderoty wrote:"Gensler said it's a security if the investing public is anticipating profits based on the efforts of a common enterprise. The Courts already rejected that, because it collapses two separate Howey prongs into one and: We do not interpret the Howey test to be so easily satisfied." The LBRY blockchain also cited an instance suggesting that the SEC appears to believe the mere ability of price movement is sufficient to make a token a security., the filing of opening motions in the Ripple summary judgment and the upcoming decision in the LBRY case are two"huge" events that might continue to impact the crypto space for years to come. The opening motions for summary judgment have now been filed in the Ripple lawsuit.Jeremy Hogan is also optimistic about the Sept.
As expectations increase ahead of this date, James K. Filan has shared what the public might see. He stated in a thread of tweets that only the redacted versions of the briefs would be seen Sept. 19.
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