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Ripple v. SEC: XRP Enthusiast Identifies SEC Weakness

Apr 30, 2024

In the ongoing legal battle between Ripple and the SEC, XRP supporter Fred Rispoli has pointed out a vulnerability in the SEC's case. Ripple, a company known for its involvement with the XRP token, is facing accusations of violating securities laws in a heated dispute with the SEC.

Rispoli's recent analysis focuses on Ripple's move to strike the SEC's expert disclosure in their brief. He highlights the SEC's failure to request a deposition as a crucial oversight, which could weaken their position if certain witnesses were not properly identified. Rispoli highlights the importance of this omission and its potential impact on Ripple's defense strategy.

Without going into complex legal details, Rispoli stresses the need for prompt action, suggesting that Ripple's delayed response could have negative consequences. However, he suggests that this could open up an opportunity for Ripple's defense team to capitalize on. As the legal proceedings continue, attention is fixed on the courtroom, anticipating the next development in this clash of regulatory oversight and cryptocurrency disputes.

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