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TRX $0.3325 +0.29%
DOGE $0.0697 -0.33%
ADA $0.1742 +0.52%
BCH $203.16 -0.09%
LINK $9.42 -1.07%
HYPE $59.20 +0.24%
AAVE $89.08 +2.98%
SUI $0.6520 -3.41%
XLM $0.1534 -2.51%
ZEC $503.78 -1.21%

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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