Disclaimer – As yet this information is not 100% confirmed as genuine before you continue!
Today at 9am Pacific time, Ripple’s case was due heard by a judge yet already had a motion to dismiss the case according to a Tweet.
The plaintiff claimed Ripple the company was responsible after losing under $500 XRP during the bull run of 2017, alleging Ripple sold ‘unregistered Securities’.
The court has so far made no mention of XRP’s status as a security or commodity, a decision solely for the SEC.
According to a Tweet showing the time table for today’s court hearings the case had a motion to dismiss already penned in, we have no reason to believe the tweet is false.
The XRP community still eagerly awaits the correct ruling from the SEC regarding its legal status, perhaps today’s ruling will accelerate the SEC’s need for a decision.
We live in hope but had the SEC had already ruled XRP as a commodity, this entire case would have been irrelevant and thrown out before it was heard.
We can now sit back, relax and wait for the coming Davos WEF conference starring Christine Lagarde, Brad Garlinghouse and President Trump. MORE
Screenshot below and source links here
