James K.Filan Target Ripple SEC James K.Filan

Ripple v. SEC lawsuit takes a new turn as ‘unidentified’ third-party enters

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The SEC and Ripple case has reached a frustrating impasse as both sides struggle to hold their ground. Only recently, Ripple Legal filed a motion to thwart the SEC in which they targeted the SEC’s unlawful methods.

The SEC has unlawfully used the Howey Test as the token represented a “security per se”. This theory has been issued from the onset by the SEC.

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