The Ripple vs. SEC lawsuit is entering its final phase, with the focus being on the issue of XRP secondary sales. The SEC has accused Ripple of offering XRP as an unregistered security, but there is debate about whether the issue of secondary sales will be addressed in the ruling. Attorney John Deaton believes that the judge must first dismiss the SEC’s theory surrounding XRP in order to address the secondary sales issue. He draws a parallel to the Telegram Case, where the judge tackled both the nature of the asset and the secondary sales issue. Deaton predicts that Judge Torres will deliver a summary judgment on September 6th.
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