Ripple demands to know why Ether isn’t a security as XRP defense gets desperate
‘s case before the Securities and Exchange Commission is threatening to have major, well, ripple effects for the industry.
On Jan. 29, Ripple Labs filed its response to the SEC’s complaint. Ripple, as it has many times before, argued that XRP is not a security i.e. an investment in Ripple and is therefore not in the SEC’s jurisdiction. Ripple is, moreover, prepared to drag the rest of the industry into its fight to make its case.
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