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Image via Investopedia. Image via Twitter. XRP Price Prediction 2026 -up to $2.43. Ekta Mourya The SEC filed a complaint against LBRY claiming it had failed to register its initial token offering. In response, Ripple strongly stressed that the briefs provide an important perspective to the court on whether investors expected XRP profits. The news shocked the cryptocurrency world. Announcement must be imminent. A total of 16 different briefs have been submitted, with the industry leader Coinbase the latest to file its support. Gary Gensler, who took over the SEC four months after the suit was filed, also gained attention as a result of the suit. This affects all of us.. The transformation of value in the digital age. It also does not guarantee that this information is of a timely nature. The SEC Commissioner Hester M. Peirce has released an updated version of the token safe harbor proposal, under which crypto developers would be able to operate and develop blockchain networks without having to adhere to securities regulations for a period of three years. #XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has granted motions to file Amici Briefs. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Ripple wins By November 18, 2022, the Association, six XRP holders, Coinbase, the CCI, Valhil, Cryptillian, Veri DAO, Reaper Financial, InvestReady, NSEI and Paradigm must file their formal briefs. If Ripple wins the SEC lawsuit, XRP could rise. Instead, internal correspondence suggests that Brad and Chris tip-toed around this possibility and continued on as normal, promoting XRP and its price potential. The commission arguedthat the letters failed to explain the relevance with the ongoing court case. From the very beginning of the XRP vs SEC case, the Ripple defense team maintained the position that XRP is not a security, arguing that it should fall under the same jurisdiction as BTC and ETH. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. The carnage starts on page 8, when the suit goes into incredible detail about the history of Ripple and XRP and how it was distributed. In plain English, a security is anything that represents a portion of some entitys value. Meanwhile, LBRY argued that its LBC token is not a security and that the SEC did not give fair notice. Its unlikely theres a smoking gun in Hinmans correspondence that will clear all this up for the industry or Ripple. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. Deaton tells his 262,100 Twitter followers that the US crypto exchange will emerge victorious in the lawsuit seeking to compel the SEC to disclose whether it has Welcome to Capital.com. According to the official statement shared by Ripple, its liquidity hub is now officially open for business.