The U.S. Securities and Exchange Commission (SEC) brings the court’s attention to a recent ruling in the Ripple class action, leveraging the Ripple XRP case in the Binance lawsuit. It follows as a legal opinion by a California district court judge exhibiting significant divergences from an SDNY judge’s decision that programmatic sales of XRP are not securities.
SEC Files Ripple Lawsuit As Supplement Authority in Binance Suit
In the latest filing by the U.S. SEC in the District Court of Columbia, the securities regulator submitted Ripple class action lawsuit as a supplemental authority. The SEC claims the argument and judge’s opinion in the Ripple lawsuit are relevant to the court for ruling in the lawsuit against Binance, Binance.US, and former CEO Changpeng Zhao.
The Binance lawsuit is near the end of discovery and deposition phase, as the parties have resolved most…
