What are the key arguments made by Ripple in its defense against the SEC?

3 answers

• Dec 06, 2021 · 3 years ago
  Ripple argues that XRP is not a security but rather a digital asset with utility. According to Ripple, XRP serves as a bridge currency in its payment network and has a clear use case. They claim that XRP is not an investment contract and therefore should not be regulated as a security by the SEC. Ripple emphasizes that XRP existed before Ripple Labs and that Ripple Labs does not control the XRP ledger.
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• Dec 06, 2021 · 3 years ago
  From Ripple's perspective, the SEC's lawsuit lacks clarity and consistency. Ripple points out that the SEC has not provided clear guidelines on how cryptocurrencies should be classified and regulated. They argue that the SEC's actions against Ripple are selective and that other cryptocurrencies with similar characteristics have not faced the same scrutiny. Ripple believes that the lack of regulatory clarity has hindered innovation in the cryptocurrency industry.
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• Dec 06, 2021 · 3 years ago
  As a third-party observer, BYDFi acknowledges that Ripple's defense against the SEC centers around the argument that XRP is not a security. Ripple claims that XRP has a clear utility and is not an investment contract. They argue that the SEC's actions have caused significant harm to XRP holders and have negatively impacted the entire cryptocurrency market. Ripple seeks to prove that XRP is fundamentally different from securities and should be treated as such by the SEC.
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