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Ripple and SEC request the judge to make a summary judgment in the case of Ripple selling unregistered securities XRP

2022-09-19 08:33:45

According to ChainCatcher, The Block reported that Ripple and the U.S. Securities and Exchange Commission (SEC) are requesting the judge to swiftly issue a summary judgment in the case of Ripple's sale of XRP tokens, as both parties do not wish for the legal proceedings to continue to a full trial. Previously, the SEC accused Ripple of selling unregistered securities when issuing XRP tokens.

It is understood that summary judgment is a distinctive civil litigation system in common law countries, which allows judges to make substantive and binding rulings on all or part of a case without a trial. (The Block)

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