On Twitter, Stuart Alderoty presented TLDR of recent litigation.
On Twitter, Ripple Chief Legal Officer Stuart Alderoty presented TLDR of recent litigation. He noted:
Yesterday’s opinion from the Court on Ripple and the SEC’s proposed expert opinions – if you didn’t read all 57 pages, here’s the TLDR…
Specifically – not only is the SEC’s expert on “reasonable expectations of an XRP purchaser” struck from the record, but so is their expert who tried to say what “caused” the price of XRP to change.
On the flip side – our experts that explain how Ripple’s contracts clearly differ from those in “Howey,” tax treatment of XRP (not a security), accounting treatment of XRP (not a security), and currency experts on XRP (not a security) are all allowed to stay in.
As we have said throughout, we have always felt confident about our case and with each ruling, even more so.