Pro-XRP Lawyer Offers Key Solution To Ripple’s Legal Woes Against SEC

By Bitcoinist - 10 bulan lalu - Waktu Membaca: 3 menit

Pro-XRP Lawyer Offers Key Solution To Ripple’s Legal Woes Against SEC

Jeremy Hogan, seorang pengacara pro-XRP, memiliki dibahas the issue of secondary market sales and its potential impact on the Ripple vs. the US Securities and Exchange Commission (SEC) lawsuit. 

Hasil dari kasus ini sangat penting bagi pemegang XRP, karena akan menentukan apakah aset tersebut dianggap sebagai sekuritas secara inheren. Jika masalah penjualan pasar sekunder tidak ditangani, hal itu dapat berdampak pada daftar ulang XRP di bursa seperti Coinbase.

Gugatan SEC menunjukkan bahwa XRP adalah sekuritas, seperti saham. Namun, permintaan pengadilan SEC dalam gugatan tersebut tidak secara eksplisit meminta apa pun yang akan memberikan status ini pada aset tersebut. Ini membuat masalah penjualan pasar sekunder dipertanyakan.

Disgorgement Order Could Force Ripple vs. SEC Case To Address Secondary Sales Issue

SEC telah menagih Ripple with violating securities laws by selling XRP as an unregistered security. If Ripple is found to have violated securities laws, it could be required to pay disgorgement, which would oblige the company to give up profits gained through illegal or unethical means.

However, Hogan suggests that Ripple could obtain an agreement from the SEC to include language in its final decision that the judgment does not cover secondary sales. 

Hogan argues that the court must determine who receives the funds taken from Ripple in a disgorgement order. Disgorgement is a legal remedy that requires a defendant to give up profits gained through illegal or unethical means.

Furthermore, the Pro-XRP lawyer suggests that Ripple could argue that only actual purchasers from it directly, not secondary purchasers, should receive their investment back in a disgorgement order. This argument is based on the SEC v. Wang case, in which a court ruled that disgorgement should only be paid to those who purchased a security from the defendant.

If the court agrees with Ripple’s argument, it would mean that only those who purchased XRP directly from Ripple would be entitled to receive their investment back. This would exclude secondary market purchasers, such as those who bought XRP on exchanges.

This could be a positive outcome for Ripple, as it could limit the financial impact. It could also help to clarify the legal status of XRP, as it would confirm that XRP is not inherently a security.

Pengakuan SEC Pada Status Token Dalam Kasus LBRY Dapat Memiliki Implikasi Positif Untuk XRP

Dalam persidangan sebelumnya di Perpustakaan (LBRY), jaringan pembayaran file berbasis blockchain vs. gugatan SEC, pengadilan distrik AS mendengar argumen lisan tentang penerapan pemulihan. Hakim harus memutuskan apakah aset crypto yang memungkinkan pemiliknya mengirim instruksi ke jaringan dapat mewujudkan skema investasi oleh perusahaan. SEC ingin hakim mengeluarkan perintah yang luas terhadap penjualan token LBRY, di mana token tersebut menjadi sekuritas.

Namun, audiensi tersebut merupakan kabar baik, terutama untuk XRP. John Deaton, seorang Amicus Curiae dalam gugatan XRP, juga mengajukan amicus brief dalam kasus LBRY. Pengacara SEC dalam gugatan LBRY Kebobolan that the secondary market sales of LBC tokens do not constitute a security. The judge ruled that the secondary market transactions of LBRY tokens by people unaffiliated with no investment intent in the LBRY case are legal.

The LBRY case sets a precedent that could benefit Ripple and XRP holders, confirming that secondary market transactions do not constitute securities. If the Ripple vs. SEC judge follows a similar line of reasoning, it could mean that XRP is not inherently a security, as secondary market sales are an essential part of cryptocurrency trading and do not represent an investment scheme by the company.

Gambar unggulan dari iStock, grafik dari TradingView.com 

Sumber asli: Bitcoinadalah