The content discusses the opinion of the Ripple Chief Legal Officer (CLO) before the testimony of the SEC Chair, Gary Gensler, at the United Nations House of Financial Services. The CLO hopes that someone will present the judgment of the court in the Ripple suit, which stated that XRP is not an investment contract. Many crypto enthusiasts expressed discontent with the SEC Chair’s actions. The SEC’s case against Ripple is focused on whether Ripple violated securities laws with its sales of XRP, rather than XRP’s classification as a security.
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