Ripple has recently submitted its civil appeal pre-argument statement, known as Form C, in its ongoing lawsuit with the SEC. This filing raises critical questions about the nature of investment contracts under Section Five of the Securities Act of 1993. Specifically, it questions whether such contracts must include elements that create ongoing obligations for the seller and rights for the buyer to demand profits.
According to legal experts, the odds still appear to be in the SEC’s favor. However, a potential twist could alter the case dynamics. It remains unclear what the outcome might be, as both sides present their arguments.
