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Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Altcoin1998$ on March 05, 2021, 10:41:02 PM
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The U.S. Securities and Exchange Commission and its former acting chairman Elad Roisman have filed a motion to dismiss XRP holders’ petition for a writ of mandamus that was submitted in early January.
Investors aim to compel the SEC to amend its lawsuit against Ripple to exclude that part where it mentions that the token is a security. They allege that the enforcement action against the company caused “multi-billion-dollar” losses.
The agency offers a three-pronged argument as to why the petition should be dismissed.
Source:click (https://cryptonews.net/481735/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)