XRP on trial: Lawyer unveils SEC's plan to prove $XRP is a security xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec
. If this does not suffice, then the SEC turns to the fungible argument, legal expert is convinced. This argument in its part is based on the notion that all units of XRP are fungible and rise and fall together, which the SEC alleges is part of the common enterprise, despite the fact that this is just a common interest.
According to Morgan, Ripple's lawyers attacked the fungible point and actually used the example of gold to make their point in the company's summary judgment motion. He believes that if Judge Torres lets the SEC get away with reducing common enterprise to common interest, it will apply the fungible argument to other cryptos.
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