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Judge Denies XRP Holders’ Motion to Intervene in SEC v. Ripple Case

Judge Denies XRP Holders’ Motion to Intervene in SEC v. Ripple Case



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  1. tldr; Federal Judge Analisa Torres has denied XRP investors’ motion to intervene in the lawsuit filed by the US Securities and Exchange Commission against Ripple. The investors accused the SEC of causing over $15 billion in losses with its enforcement action against Ripple in December. Earlier this month, they withdrew a petition for a writ of mandamus to make the SEC amend its complaint.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. It was denied without prejudice and requested for it to be refiled as a letter motion in order to comply with the local idiosyncrasies.

    In reality the filing was more about planting the seed of doubt that the SEC are protecting consumers.

  3. They wouldn’t let anyone get in the way of regulating this tech.. just know good things will come out of this case.. central banks operate off “security laws” and ripple just so happens to have been adopted by 40% of the top 100

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