XRP Rebounds by 5% as 'Day Is Finally Here' for Ripple-SEC Lawsuit: Details

XRP gains 5% in recent hours as 'big day' arrives RippleXRP XRPCommunity XRPHolders XRP

printed a massive green candle on its hourly chart following the news that the Ripple summary judgment briefs were now available to the public. XRP suddenly gained 5% within an hour amid rising expectations in the Ripple lawsuit.

,"The day is finally here" as the Ripple-SEC motion for summary judgment is public. The motions were expected Monday, Sept. 19, so they came quite earlier.Alderoty shares his hot take on the summary judgment briefs."After two years of litigation, the SEC is unable to identify any contract for investment and cannot satisfy a single prong of the Supreme Court's Howey test. Everything else is just noise. Congress only gave the SEC jurisdiction over securities.

Fred Rispoli, a law expert much interested in the Ripple case, says,"This will take hours to really dive into, but skimming through SEC's brief, unsurprisingly it is relying heavily on marketing efforts. While this is the weakest point for Ripple, I just don't think it is close to being weak enough to give SEC the win."

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