◆ Court, listen to Ripple
On the 10th (local time), YouTube, a cryptocurrency-specialized medium, reported this by citing the Twitter of Leonidas Hajiroy, a blockchain researcher and member of the Ripple community. In a court ruling by Hajiro Izu, “The third-party subpoena required by the SEC will expose a wide range of personal information, which relates to whether each defendant has sold or sold Ripple to the market or promoted for sale to potential investors. There is no” written.
The court added that “the SEC did not find evidence that it needed to verify that the defendants had a record of consent (for the sale of Ripple) through personal financial information, or that it would be appropriate.”
Earlier, on the 6th (local time), the court approved Ripple’s request for the SEC to create a document on the grounds for determining that Bitcoin and Ethereum were not securities.
◆ Novograz “Ripple, agreement with SEC to go forward” vs Pally “It’s still far away”
Galaxy Digital CEO Mike Novogratz said, “(The court’s decision) could mean that Ripple is making progress in the agreement with the SEC.” He said, referring to Ripple’s secondary market transaction amount, “(Ripple) is still too cheap.” However, if Ripple cannot reach an agreement with the SEC, it has a clue that it “can be seen as expensive.”
Attorney Stephen Paley at Anderson Kiel Law Firm argued that unlike Novograz, the recent rise in Ripple has nothing to do with the agreement between the SEC and Ripple, unless there are separate internal documents. He admitted that Ripple is now doing better than expected before the lawsuit, but predicted that it would take a considerable amount of time for the two sides to reach an agreement.