Ashley Prosper’s Bold Prediction on XRP
Ashley Prosper predicts that Judge Analisa Torres will conclude that XRP sold on secondary markets is not a security. This prediction is based on an argument made by an SEC expert, who claimed that investors relied on Ripple’s efforts when purchasing XRP. However, the judge dismissed this claim after the expert admitted to not speaking with any XRP holders.
Supporting the Prediction
Prosper believes that the submission of 3,000 affidavits from XRP holders by Ripple will sway the judge in ruling that XRP secondary market sales are not securities. He also suggests that the judge may refer to the 15 amici briefs submitted by various entities in support of Ripple, which highlight that XRP was purchased for real-world use cases.
Is it a System Failure to Determine XRP an Asset or Security?
Prosper argues that the SEC has failed to produce any investment contract between XRP holders and Ripple, further supporting his belief that XRP should not be considered a security based on the Howey Test. He firmly believes that Judge Torres will rule in favor of Ripple.
How the XRP Community Reacted?
The recent ruling in the SEC v. LBRY lawsuit has sparked discussions within the XRP community. Some experts speculate that Judge Torres may follow a similar approach and not comment on the security status of XRP. However, others believe that the judge will address this issue as it has been raised as a defense by Ripple.
Hot Take
While Ashley Prosper’s prediction is based on his interpretation of the case, it will ultimately be the legal proceedings and court rulings that determine the outcome of the SEC v. Ripple lawsuit and the judge’s ruling. The XRP community eagerly awaits Judge Torres’ decision.
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