Ripple forces SEC, whether they are allowed to trade XRP

Ripple foundation filed a request and want to clear from the Securities and Exchange Commission, that they are allowed to trade in XRP, Bitcoin & Ethereum. And also want to be clear where it is written that they are allowed or not.

A lawsuit which was filed by the SEC against Ripple company, now expanding day by day and it seems that Ripple company is fully under problem with their business. This time Ripple company wants a clear reply whether XRP’s employees can operate digital assets related to business and trade or not. 

James K. Filan, an expert in commercial litigation who founded Connecticut-incorporated Filan LLC, tweeted about the case battle between SEC and Ripple foundation.  

Through the shared details by James, it seems that SEC and Ripple both are taking win at their points and facts with their stances against the Ripple foundation’s operations. 

According to James’ tweet, Ripple firm filed a motion to force the SEC to provide the documents whether Ripple is allowed to trade or not with the digital assets Bitcoin , Ethereum & Ripple. So through the demand of Ripple, SEC authorities have to show where it is mentioned in their law of rules to prevent token trading for XRP. 

Here it should be noticed, that many crypto exchanges suspended XRP token trading and are only waiting for the final result of this case.

Recently, a firm confirmed that they will again start the trade of XRP token next week. So it is an indication of how other crypto firms are facing problems and XRP is trying to solve this issue which arises because of the SEC lawsuit against Ripple company.

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