Ripple’s Ongoing Legal Battle
Ripple entered a recent court filing, challenging the SEC’s motion to compel while the Ripple vs SEC lawsuit continues to captivate the crypto community.
Ashley Prosper’s Take
Ashley Prosper, a well-known crypto personality, voiced his predictions on the SEC’s motion to compel. In his post, he expressed confidence that Judge Netburn would likely deny the SEC’s motion, suggesting that the best outcome for the SEC might be a hearing before a potential denial. Prosper is known for accurate predictions related to the SEC v. Ripple case. He has alleged that private entities, including JP Morgan, influenced the SEC’s decision to sue Ripple.
Insights from Bill Morgan
Legal professional and crypto enthusiast Bill Morgan responded to James K. Filan’s tweet, highlighting Ripple’s stance on the SEC’s motion. Morgan stated that Ripple has rightfully alleged that the SEC has not shown proper cause for investigating and making discovery related to post-complaint sales. Such sales were already part of the discovery process in 2021, and the SEC was aware of Ripple’s post-complaint sales then.
In Conclusion …
As the Ripple vs SEC lawsuit continues, insights from figures like Ashley Prosper and Bill Morgan offer a unique perspective on the potential outcomes and intricacies surrounding the ongoing legal battle. The community continues to closely watch for developments that could shape the future of Ripple and the broader cryptocurrency landscape.
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