- According to the letter, UNHCR is making another effort to postpone dealing.
- John Deaton said the Securities and Exchange Commission had stirred controversy by bringing in foreign currency.
US Securities and Exchange Commission (SEC) is actively expanding its authority over the digital assets sector by filing various lawsuits against issuers of digital assets and associated entities. However, the long-running Ripple dispute has captured the attention of every credible authority in the field as both sides have just moved for summary judgment.
An objection was filed by Ripple, Brad Garlinghouseand Chris Larsen in response to the latest filing by the US Securities and Exchange Commission. According to the letter, the Commission is making another effort to postpone dealing with this matter until a later time.
In their attack on the Securities and Exchange Commission, the defendants at Ripple claimed that the agency was attempting to extend its regulatory jurisdiction beyond what was necessary due to the widespread premise. Furthermore, it was said that the fact that other Amici Curiae wanted to provide briefs on the matter should not come as a surprise.
Friend of the court for the XRP case, John DeatonHe said the Securities and Exchange Commission had stirred controversy by bringing in foreign currency. The commission claims jurisdiction over cryptocurrency sales that occur anywhere in the world if an offshore exchange maintains a single server in the United States.
The XRP legal team has dismissed the information that Ripple CEO Brad Garlinghouse owns 95% of the company outside the United States. Although he is an executive, he is compensated with XRP. The Ripple CEO is now selling part of his interests to a Japanese exchange that has all the necessary permissions to operate. Meanwhile, the head of the Securities and Exchange Commission suggested that there may be only one server in the United States.
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