The SEC vs Ripple issue is finally heading to the finish line after XRP representatives filed their motion in Summary Judgment, but the documents filed state that the XRP ecosystem may be at risk towards the end of this process.
So far there are two claims filed where the issue of "common enterprise" is more focused than "investment contract".
It was clarified that Ripple claims its ecosystem is not based on "common enterprise" but the SEC says otherwise.
According to John Deaton, the SEC forced Ripple to acknowledge that XRP holders have no legal interest in the firm.
He added that the SEC claims that XRP is not a good investment, even though the token is a representation of Ripple's efforts and its ecosystem belongs to the company itself.
Even so, every XRP holder will not act rashly on the arguments presented and if the case wins it is possible that XRP will be applied to all securities laws in general.
On a different source, Caroline Pham, one of the five officials at the United States Commodity Futures Trading Commission (CFTC) is said to have met Ripple's CEO, Brad Garlinghouse for the purpose of a 'study tour' of Ripple Labs.
The purpose of the visit is to learn about crypto and blockchain before the court announces the decision of the controversial XRP issue that has dragged on since 2020.
