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

By Bitcoinist - pred 10 mesiacmi - Čas na čítanie: 3 minúty

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

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

Výsledok tohto prípadu je pre držiteľov XRP kľúčový, pretože určí, či sa aktívum vo svojej podstate považuje za cenný papier. Ak sa problém predaja na sekundárnom trhu nerieši, môže to mať vplyv na opätovné zalistovanie XRP na burzách, ako je Coinbase.

Žaloba SEC naznačuje, že XRP je cenný papier, ako podiel akcií. Žiadosti SEC zo strany súdu v žalobe však výslovne nepožadujú nič, čo by tomuto majetku priznávalo tento status. To ponecháva otázku predaja na sekundárnom trhu.

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

The SEC has charged 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.

Prijatie SEC k stavu tokenu v prípade LBRY by mohlo mať pozitívne dôsledky pre XRP

V minulom pojednávaní v knižnici (LBRY), súdnom spore o platobnej sieti založenej na blockchaine vs. SEC, okresný súd USA vypočul ústne argumenty o uplatňovaní opravných prostriedkov. Sudca musel rozhodnúť, či krypto aktívum, ktoré umožňuje majiteľovi posielať pokyny do siete, môže predstavovať investičnú schému spoločnosti. SEC chcela, aby sudca vydal rozsiahly súdny príkaz proti predaju tokenu LBRY, v ktorom sa token stane cenným papierom.

Vypočutie však bolo dobrou správou, najmä pre XRP. John Deaton, Amicus Curiae v súdnom spore XRP, tiež predložil amicus brief v prípade LBRY. Právnik SEC v súdnom spore LBRY pripustil 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.

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Originálny zdroj: Bitcoinje