Ripple has finally submitted its first official response to the court against the SEC's allegations. The file submitted by Ripple to the court consists of 93 pages. In a new blog post published by Ripple's chief legal counsel, Stuart Alderoty, the response to the SEC's allegations is summarized under 7 points. Perhaps the most important of these items are:
--- Ripple has never conducted an ICO, has never raised money to sell its tokens.
--- Ripple has never made investment deals with XRP investors.
--- Ripple is a virtual currency and is therefore outside the SEC's jurisdiction.
What are your thoughts on the upcoming lawsuit?
--- Ripple has never conducted an ICO, has never raised money to sell its tokens.
--- Ripple has never made investment deals with XRP investors.
--- Ripple is a virtual currency and is therefore outside the SEC's jurisdiction.
What are your thoughts on the upcoming lawsuit?