TL;DR
Ripple is using a recent court ruling on Binance’s BNB token to argue against harsh penalties from the SEC for XRP sales, citing lack of regulatory clarity.
The regulator dismissed the relevance of the Binance case to Ripple’s situation; XRP’s price has dropped to $0.45 amid broader market declines.
Additional Confrontation
Last week, Judge Amy Jackson dismissed the US SEC’s claims that secondary market sales of Binance’s BNB token constituted securities transactions. The magistrate’s decision caught the eye of Ripple, which intended to use it in its favor.
Specifically, the company filed a Notice of Supplemental Authority, arguing that the ruling supports its case that the alleged illegal sales of XRP do not warrant “harsh remedies” (as the agency claims).
“This observation supports Ripple’s argument that providing clarity on the legality of the different types of sales of XRP was the most significant aspect of the Court’s summary judgment de
We współpracy z: https://cryptopotato.com/major-ripple-v-sec-lawsuit-development-the-regulator-strikes-back/
