Stuart Alderoty commented on an important point in the litigation

Главный юрист Ripple в битве с SEC: Мы боремся за криптоиндустрию

General Counsel Stuart Alderoty commented on an important point in the litigation.

General Counsel Stuart Alderoty on twitter сommented on an important point in the litigation. He noted:

Re: yesterday’s CoinDesk op-ed – I’m glad even the detractors recognize that the SEC’s invitation to “come in and register” is like trying to take a “Ford Model T into space.” But if you are going to try to debunk Ripple’s legal positions, at least understand them first!
As it clearly states in our briefs, Ripple does not depend on a conclusion that XRP was purchased for use – though such a conclusion, as shown by amici briefs and the non-speculative evidence, would defeat the SEC’s claims.
Our actual arguments: a/ There is no contract for an investment between Ripple and any XRP holder; b/ the SEC cannot satisfy a single prong of the Howey test and Ripple concedes not a single prong; c/ the SEC’s reliance on garden-variety ICO cases have no application here.
The reason the SEC and detractors try to recast our arguments is they have no answer for the arguments we actually make.