Ripple ធ្វើឱ្យ SEC មានបញ្ហាធំ ភ្នែកឈ្នះមិនធ្លាប់មានបន្ទាប់ពីការដាក់ឯកសារចុងក្រោយ

The recently filed summary judgment motions stir reactions from Ripple experts.

In a surprising development, Ripple and the Securities and Exchange Commission publicly filed the summary judgment motions over the weekend in contrast to the expected ខែកញ្ញា 19, 2022.

# ស។ ស។ ម។ ក។ សហគមន៍ #SECGov v. # រូប # អេចអរ BREAKING: Ripple Labs, Brad Garlinghouse និង Chris Larsen ដាក់ឯកសារ Motion for Summary Judges ស្វែងរកការវិនិច្ឆ័យជាបញ្ហានៃច្បាប់។https://t.co/1BG1MgQu7p

— James K. Filan 🇺🇸🇮🇪 113k (ប្រយ័ត្នអ្នកក្លែងបន្លំ) (@FilanLaw) ខែកញ្ញា 17, 2022

# ស។ ស។ ម។ ក។ សហគមន៍ #SECGov v. #RIpple # អេចអរ BREAKING: SEC files Motion for Summary Judgment.https://t.co/uPBRctmiQJ

— James K. Filan 🇺🇸🇮🇪 113k (ប្រយ័ត្នអ្នកក្លែងបន្លំ) (@FilanLaw) ខែកញ្ញា 17, 2022

The parties filed their motion separately in the Southern District of New York. Following the development, the parties call on the Judge in charge of the lawsuit, Magistrate Analisa Torres, to rule on the more than one-year case to determine whether XRP sales violated United States security laws or not.

ឆ្អឹងនៃជម្លោះ

The SEC has built its argument on the premise that purchasing XRP in a common enterprise makes the cryptocurrency an investment vehicle, thus security, which U.S. securities laws must govern.

Additionally, the SEC asserted that Ripple lured many investors to purchase XRP by making them believe that they would make enormous gains in the future, thus implying that the cryptocurrency is a security.

On the contrary, the defendants – Ripple, Chris Larsen, and Brad Garlinghouse – said the regulators could not prove that investors purchased XRP while relying on the company to help them make a profit since no agreement was reached.

According to the Silicon Valley tech company, token holders usually profit from the asset through the forces of demand and supply. 

Based on this, XRP holders do not have the right to demand profit from Ripple. Furthermore, they cannot accuse the company of any breach when they do not make profits from the XRP, Ripple added. 

Ripple Executives and Enthusiasts Blast SEC

Meanwhile, Ripple executives and several enthusiasts took their time to comment on the SEC’s recently filed summary judgment motion. 

According to Garlinghouse, the CEO of Ripple, it is evident that the SEC is not interested in applying the law in the case, adding: "ពួកគេចង់ធ្វើវាឡើងវិញទាំងអស់នៅក្នុងកិច្ចខិតខំប្រឹងប្រែងដែលមិនអាចអនុញ្ញាតបានដើម្បីពង្រីកយុត្តាធិការរបស់ពួកគេឱ្យលើសពីសិទ្ធិអំណាចដែលផ្តល់ដោយសភា" ។ 

ឯកសារថ្ងៃនេះធ្វើឱ្យវាច្បាស់ថា SEC មិនចាប់អារម្មណ៍នឹងការអនុវត្តច្បាប់នោះទេ។ ពួកគេចង់បង្កើតវាឡើងវិញទាំងអស់នៅក្នុងកិច្ចខិតខំប្រឹងប្រែងដែលមិនអាចអនុញ្ញាតបាន ដើម្បីពង្រីកយុត្តាធិការរបស់ពួកគេលើសពីសិទ្ធិអំណាចដែលផ្តល់ដោយសភា។ https://t.co/ooPPle3QjI

- Brad Garlinghouse (@bgarlinghouse) ខែកញ្ញា 17, 2022

Ripple’s General Counsel, Stuart Alderoty, also commented on the development, stating that the SEC is yet to identify any contract for investment after two years of litigation. 

“[The SEC] cannot satisfy a single prong of the Supreme Court’s Howey test. Everything else is just noise,” Alderoty បន្ថែម។ 

ការទទួលយកដ៏ក្តៅគគុករបស់ខ្ញុំ – បន្ទាប់ពីវិវាទរយៈពេលពីរឆ្នាំ SEC មិនអាចកំណត់អត្តសញ្ញាណកិច្ចសន្យាណាមួយសម្រាប់ការវិនិយោគបានទេ (នោះជាអ្វីដែលលក្ខន្តិកៈទាមទារ)។ ហើយ​មិន​អាច​បំពេញ​ការ​សាកល្បង Howey របស់​តុលាការ​កំពូល​បាន​ទេ។ អ្វីផ្សេងទៀតគ្រាន់តែជាសំលេងរំខានប៉ុណ្ណោះ។

- ស្ទូតអាល់ឌូតូយ (@s_alderoty) ខែកញ្ញា 17, 2022

In a similar development, attorney Jeremy Hogan, a Partner at Hogan & Hogan law firm, said the Securities and Exchange Commission now has big problems following the recently filed motion for summary judgment.

Video TOMORROW!

I just read the briefs and the SEC has got a couple big problems:

1. Its expert agrees that most of the changes in XRP price are due to market forces (and not Ripple). Ouch.

These types of concessions are perfect for summary judgment. 1/2 https://t.co/Hvs2p2j8D5 pic.twitter.com/lt9u1BX4pI

- Jeremy Hogan (@ មេធាវីម្នាក់) ខែកញ្ញា 18, 2022

- ការផ្សព្វផ្សាយ -