Ripple, SEC file summary judgment as crypto community watch keenly
The case between the U.S. SEC and Ripple Labs could finally end after both parties filed for summary judgment. According to motions filed before the U.S. District Court of the Southern District of New York, the two parties are asking the court to give a summary judgment based on the evidence and arguments already presented.
Ripple Attorney James K. Filan tweeted about the new developments saying that Ripple’s current CEO, Brad Garlinghouse, and former CEO, Christian Larsen, also filed for summary judgment. The defendants have argued that the SEC has no jurisdiction over XRP since the token was sold on overseas exchanges. Ripple CEO Garlinghouse corroborated Alderoty’s view, saying the SEC was not interested in applying the law. Instead, the regulator is trying to expand its “jurisdiction far beyond the authority granted to them by Congress.”.
Source
https://t.me/Cronos_Cardano_Ripple
