In the following video, you can hear the defence and SEC working through the Ripple case.

The crux of it is that Ripple was offered as an investment contract and therefore should have been registered.

XRP Ripple is arguing that it’s not an investment contract. XRP they argue is a currency and not an investment contract. The department of justice actually did rule that it was a currency in 2016. They state that the SEC has agreed that BTC and Etheirum are not investment contracts and XRP also feels that models.

They argue the UK regularity authorities have already decided that XRP is not an investment contract.

Ripple is currently falling along with the other cryptos but this could change it’s fortune’s very quickly. As you know for any device in the markets to move or succeed it needs trading volume, buying or selling. At the moment the currency is dropping along with all other cryptos but if the SEC decide that XRP is not an investment contract we should see a rally as the volume of the market will return as exchanges take the currency back online.

Remembering that Ripple currently has an ex SEC member defending them. I think the possibility of dismissal of the case is actually quite high.

If the SEC rule that Ripple IS an investment contract, they have to rule that BTC and all the other cryptos are also investment contracts.

Good luck XRP.

On a personal note — I’m still buying the crypto as it falls along with Bitcoin and Ether. I think that on some charges, they may lose but on the important one — is XRP a security? I think they will win. Whatever happens, once it’s over, exchanges will start trading it again.

Incidentally, eToro is allowing buying and selling of XRP with no fees.

https://www.ukbitcoinblog.com/general-info/xrp-ripple-motion-to-dismiss-case/