sec director said that sec has no chance of winning xrp to 80 000 ripple bradley garlinghouse
and kristen sent a response to the securities and exchange commission in the case of ripple v sec
the notice concerns the sec's request to edit part of the case notes however the defendant stated
that they did not dispute the sec's amendments welcome to the rich club channel if you like
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confirmed respondents mentioned that they had not viewed the edited parts of the notes meanwhile the
commission even submitted unedited versions to the court according to ripple they are submitted
to the sec's representation regarding the bank and the court the notes mentioned by both amounts are
hand-written notes taken by the sec withdrawals at meetings between commissions and particle parts
it is reported that in 2014 in 2018 the court should consider these comments to see if they were
really related to these parts of the reflection of the author's own thoughts or the discussion among
sec employees during the meeting however the defendants have made it clear that they currently
do not want to challenge the sec amendments attorney james k phelan suggested ripple
postponed the court's decision to decide whether open censorship of parts of the dpp outcome is
protected however until now both versions of the notes have only been in circulation to the court
and the securities and exchange commission phelan said that this answer was given not only by ripple
but also by all the defendants in the case thus two weeks before the response should have started
when certain defendants filed he hinted that they might introduce him after april eighth
previously istobruk's notes were in the spotlight and now these notes have hit the headlines
the development of cases is delayed due to some unnecessary income however judge sarah netburn
ordered both sides to agree on a briefing schedule for summary judgment both sides are expected to
submit a joint proposed timetable order by april 22nd the ongoing ripple versus sec saga continues
the sec has filed a lawsuit against ripple for allegedly trading the xrp token as an unlicensed
security asset indicating the need for clearer regulation in the industry ripple's
lawyer commented on the latest developments and predicted further lawsuits from the sec
the u.s securities and exchange commission's lawsuit against ripple has undergone many twists
in the lengthy proceedings between the regulator and the cryptocurrency exchange the cryptocurrency
community and regulators from around the world have been closely following the landmark case
and its results are important for the future of many cryptocurrency exchanges the theatrical
nature of the trial even led to the fact that the cryptocurrency based content platform m content
actually released its documentary ripple versus sec saga which will be shown in the metaverse
ripple's fair notice argument was upheld by judge torres who rejected the sec's motion to
dismiss that argument in march and also upheld the suggestion that the sec did not have to prove that
ripple ceo brad garlinghouse an executive chairman chris larson knowingly violated securities laws
the sec's examination department recently released a report outlining the technological legal and
regulatory risks associated with protecting crypto assets and stating that crypto companies
should reflect the asset and the corresponding liability in their balance sheets at fair value
the sec representative noted the following inspections of market participants dealing
with crypto assets will continue to check the storage mechanisms of such assets and
evaluate the supply sale recommendations advice and trading of crypto assets
ripple's lawyer john e deaton reacted to the regulatory body's news by tweeting the following
the sec is making up [ __ ] on the go the war continues i predicted an sec lawsuit against one
or more exchanges by the end of the summer i still believe it this will mean that liquidity providers
and automated market makers will have to comply with the new rules and register with the sec if
digital assets are added to their balance sheets leaving them open to review by the u s regulatory
authority and possibly for potential legal action defendants ripple labs brad garlinghouse and chris
larson submitted a response to the sec's request for permission to edit parts of the handwritten
notes of sec employees in short the sec submitted unedited versions of the notes to the court
and the defendants did not have the opportunity to get acquainted with the edited parts because they
are protected by the right of deliberative process the defendants indicate that they must rely on the
court's consideration of the sec submissions as to whether the edited parts are clearly the
author's own opinion or reflect discussions or communications between sec employees during the
meeting the defendants have not yet challenged the sec's edits but reserve all rights with respect to
these documents since it is not clear whether they are appropriate any edits given that there was
no specific discussion process on the issue under consideration on the daily chart the price of xrp
fell after it failed to hold the psychological level of zero dollars eighty-five the xrp price
has been trading inside the symmetrical triangle pattern since february 8th finally the triangle
led to a bearish breakout which destroyed the probability of one dollar currently
the price is hovering around the 50-day ema exponential moving average at zero dollars eighty
now if the price falls below the moving average it will further strengthen token sales the nearest
reduction target is at the level of zero seventy five dollars on the contrary a change in bullish
sentiment along with a breakout of the 200 ema will revive hopes for bulls in order to continue
growing again the xrp price must close above the critical level of zero dollars ninety then market
participants will follow the highs on december 23rd at one dollar zero seven the price movement
of xrp since december 21st 2021 has set three lower lows and two higher lows connecting these
distinctive oscillation points with trend lines leads to the formation of a symmetrical triangle
this technical pattern does not show a directional bias until the asset breaks out of it and predicts
a forty six percent increase to one dollar twenty five this goal is obtained by adding the distance
between the maximum and minimum of the first swing to the breakout point at zero dollars
84. on march 23rd ripple broke through the upper trend line signaling a bullish breakout
since then the altcoin has been moving sideways without any hints of volatility the theoretical
forecasting method shows that the xrp price is likely to break the one dollar 20 barrier again
however in order for this movement to happen the bulls must stay above the upper trend line
of the specified model and break through the psychological level of one dollar
sinking this important obstacle into the support level will pave the way for further growth in
some cases the uptrend may last up to one dollar 61 if the buying pressure continues to increase
however this move will bring 95 percent profit compared to the current position at zero dollars
82 although the bullish thesis described from a technical point of view is plausible the metric
of distribution of supplies in the network adds even more credibility to it this index tracks
xrp wallets which are divided based on the number of tokens they contain the live xrp price today
is zero dollars 88 us dollars with a 24 hour trading volume of 3 billion 740 million us dollars
we update our xrp to usd price in real time xrp is down zero four percent in the last 24 hours
do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel