Cointime

Download App
iOS & Android

We Asked ChatGPT if Ripple Can Win Against the SEC Lawsuit; Here’s What It Said

In response, ChatGPT admitted that it was “difficult to predict” which of the two sides is likely to win the lawsuit focused on the XRP token sold by Ripple “as the outcome will depend on the evidence presented and the arguments made by both sides.”

Having said that, however, the AI chatbot also stressed that “Ripple’s argument that XRP is not a security is likely to be more persuasive,” further explaining that:

“Ripple has argued that XRP is a currency, not a security, and that it is not subject to the same regulations as securities. Ripple has also argued that XRP is decentralized and not controlled by any single entity, which is a key factor in determining whether something is a security or not.”

On top of that, ChatGPT highlighted the blockchain company’s persistent argument that XRP “has been used for years as a currency and not as an investment, which further supports its argument that XRP is not a security.”

Comments

All Comments

Recommended for you

  • SEC breaks from past policy guidelines in Uniswap crackdown

    The U.S. SEC Wells notice against Uniswap raises questions about consistency in policy enforcement.
  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • U.S. SEC Commissioner: Regulators are considering Ethereum spot ETFs

    Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), revealed at the ETH Denver event that the SEC is considering an Ethereum spot ETF, but currently "there is no information that can be disclosed." In addition, Hester Peirce believes that some of the choices made by the SEC are very strange, because when regulatory agencies drive entities out of the United States, they are actually pushing them beyond the control of U.S. regulatory agencies.
  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.
  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
  • Cointime January 14 News Express

    1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for
  • Is Ripple’s share buyback positive or negative?

    Yesterday Reuters reported that Ripple Labs is buying back $285 million worth of stock from early investors and employees, citing sources. The tender offer allows owners to sell up to 6% of their stake, valuing the company at $11.3 billion.
  • Cointime January 7th News Express

    1.Ordinals’ cumulative fee income exceeds 5,400 BTC
  • Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

    Releasing them suggests they’re confident the SEC will approve the first U.S. spot bitcoin ETFs soon.