The article discusses the upcoming courtroom showdown between Ripple and the U.S. Securities and Exchange Commission (SEC). It mentions that in June 2018, the SEC reviewed a memo on whether XRP (Ripple’s cryptocurrency) is a security but did not find enough evidence to take any action. However, the article also mentions that the memo was inconclusive, and Deaton, the lawyer representing XRP holders, believes the SEC could still take action. The SEC defends its actions by stating that it is trying to protect investors from fraud.

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