Ripple's Fair Notice Defense

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Ripple's price soared close to two dollars as part of the massive rally Despite the fact that ripple's price fell below one dollar, it remained confident that it would recover its losses in a short period of time. The ripple assisi lawsuit which had already drained more than half of the price when it began may. However fuel the bull run once it is finalized

Due to a series of strange events, Attorney Jeremy Hogan is convinced that William Henman's deposition never took place. The SEC has filed a complaint against ripple labs Brad Garlinghaus and Chris Larson for selling and registered securities with a complaint implicitly referring to ripple's XRP as a security. Money graham has been delisted from cryptocurrency exchanges in the United States as a result of the industry's reaction. Moneygram is reportedly being approached by ex-ripple co-founder Jed Mccallub and Stellar. The possibility of a settlement with the SEC sparked speculation among high profile members of the XRP community.

In June, a lawyer predicted that a summary judgment would not be entered until early 2022, possibly in January, based on the current circumstances. For the time being, it appears that a possible settlement will not occur until at least early September, and it is more likely to occur after October. Digital assets are a hot topic in the finance industry, and the ripple lawsuit is seen as an opportunity to bring regulatory clarity to the industry. The securities and exchange commission recently requested the discovery be delayed for 60 days causing concern among the XRP community which is counting down the days until it's over. Pre-trial settlements account for 96 percent of all SEC cases with 60 occurring prior to litigation. This fact only serves as a foreshadowing of what's to come. It's impossible to know what the future holds.

When the judge granted the defendant's motion for discovery related to bitcoin and ether, which are relevant to the howie test, as well as the Fair Notice Defense, strange things started to happen. The SEC refused to provide the documents despite the threat of financial sanctions. Ripple's lawyer complained to the judge on july 15, that the agency had failed to deliver internal documents on june 14th, as promised. After the judge told ripple that he needed to file a brief the following week, he never did.

Jeremy Hogan, Ripple's lawyer, was also struck by the SEC desperation to avoid the deposition, as well as how quickly the SEC and Ripple had agreed to its terms. To top it off two sec commissioners acknowledged lack of clarity in the digital asset ecosystem in a public statement some weeks ago. It's the first time i've seen two SEC commissioners argue in favor of Ripple's Fair Notice Defense the market participants in the crypto space do not have fair notice. This statement was added to Ripple labs and the individual defendant's motions for fair notice and dismissal of the case which were both filed by ripple labs and the individual defendants. Only the individual defendants responded to the SCC letters in order to complete their records.

Ripple squandered the opportunity or did he. Is it possible for Ripple's 23 lawyers to complete a three-page reply brief in less than nine days? You can also wait for it if you prefer could it be that. Ripple didn't respond to the sec because it was required to ripple didn't need to respond because of the seriousness of the situation. Multiple national payment systems can be linked together using nexus to create a cross-border platform allows international payments to be made as quickly as sending a text message.

In collaboration with the monetary authority of Singapore, the bank for international settlements bis will publish a blueprint for the multilateral linking of domestic real-time payment systems across borders. The blueprint draws on the national payments corporation of India's and PCI development in operation of the unified payment interface UIP systems, as well as pay now in singapore and prompt pay in Thailand. As a result, ripple is still fighting the securities and exchange commission SEC over an alleged sale of unregistered securities and hindman's deposition as a former SCC corporate finance director.