over the past weekend, requesting that District Judge Analisa Torres rule based on the facts provided in their respective filings. Torres must now decide whether to rule in favor of one of the parties or send the case to a jury trial. Garlinghouse believes that the case's facts are undisputed, hence, the latter might not happen.
According to FOXBusiness correspondent Eleanor Terrett, who shared information from the Ripple CEO's interview,"There is no dispute that Ripple sold XRP over the years and there is no dispute that Ripple's customers use XRP to facilitate cross-border payments over Ripple's platform."The disagreement centers on whether XRP is an investment contract, a particular class of security that is regulated by the SEC.
Based on legal precedent, the SEC contends that Ripple's sales of XRP should have been registered with the SEC. "Trials and juries are really to determine if there’s uncertainty about facts," Garlinghouse stated during the interview"The facts aren’t in dispute here. The law is in dispute."Ripple presently awaits a decision by District Judge Torres regarding the DPP and the attorney-client battle over former SEC official William Hinman's documents. The decision on the SEC's objection is currently pending as the matter is being fully briefed.
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