Discover and read the best of Twitter Threads about #SECvsRipple
Most recents (3)
🚀💼 #SECvsRipple: Despite their initial confidence, the SEC's case against #Ripple is looking increasingly shaky. Here are the top reasons why they're likely to lose. Grab some popcorn and let's dive in. 🍿👀 #XRP #Crypto $XRP 1/5
⚖️🔎 First up: Lack of clarity! The SEC has long struggled to provide clear guidelines on what constitutes a security. This lack of regulatory clarity puts them at a disadvantage, as Ripple can argue they were never explicitly told they were breaking any rules. #FairNotice 2/5
🌐💡 #Ripple's utility: XRP's widespread adoption for cross-border transactions and remittances is undeniable. This global use case strengthens Ripple's argument that $XRP is a currency, not a security, and therefore outside the SEC's jurisdiction. #XRPCommunity 3/5
Update time: We’ve received an enormous number of responses from prospective class members interested in signing up for the class. The supportive comments in the emails are extremely encouraging so, again, thank you. 1/15
Nearly my entire attorney career has been dedicated to fighting for clients whose lives are devastated by terrible abuse and neglect. Here, we seek to establish a class of XRPL Network Users, which means those people are in the forefront of my mind at all waking hours. 2/15
Since the April 11 filing, there has been a lot going on behind the scenes that, unfortunately, I can’t fully discuss publicly due to attorney-client privilege issues and other attorney requirements and obligations. I apologize for this and recognize it is frustrating. 3/15
Second, very heartwarming to see some of you help defend against the trolls. While appreciated, please don't feel obligated. I am a litigator, and I've been through much, much worse battles than Twitter hate.
Third, HOMER and WILLY. Biggest VALID criticism to date. Let me say that those two names were much, much worse in the original draft! The names HOMER and WILLY match the respect level these two deserve, but I am going to amend the complaint to revert to CLAYTON and HINMAN...
...no sense walking into an easy motion to strike. The purpose of HOMER and WILLY has been conveyed. Keep emotions more in check--lesson learned. Fourth, this will be a major battle. If I were defense counsel, I would file a Rule 12(b)(6) motion to dismiss for failure to state...
