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ETH $1,897.80 +0.03%
BNB $600.60 -0.46%
XRP $0.9965 -0.06%
SOL $76.20 +1.12%
TRX $0.3323 +0.20%
DOGE $0.0697 -0.29%
ADA $0.1739 +0.31%
BCH $203.13 -0.07%
LINK $9.43 -1.12%
HYPE $59.31 +0.26%
AAVE $89.29 +3.05%
SUI $0.6525 -3.37%
XLM $0.1525 -2.99%
ZEC $504.35 -1.19%

Ripple and SEC request the judge to make a summary judgment in the case of Ripple selling unregistered securities XRP

2022-09-19 08:33:45

According to ChainCatcher, The Block reported that Ripple and the U.S. Securities and Exchange Commission (SEC) are requesting the judge to swiftly issue a summary judgment in the case of Ripple's sale of XRP tokens, as both parties do not wish for the legal proceedings to continue to a full trial. Previously, the SEC accused Ripple of selling unregistered securities when issuing XRP tokens.

It is understood that summary judgment is a distinctive civil litigation system in common law countries, which allows judges to make substantive and binding rulings on all or part of a case without a trial. (The Block)

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