Ripple files a court response to SEC’s lawsuit over XRP sales
Ripple, the embattled blockchain firm at loggerheads with the U.S. Securities and Exchange Commission (SEC), has filed a court response to the agency’s lawsuit, the company announced on Jan. 29.
The securities regulator sued Ripple in December last year for raising more than $1.3 billion through an inappropriate securities sale of XRP digital tokens.
A legal response to SEC’s complaint
Ripple’s General Counsel Stuart Alderoty tweeted that the firm filed its legal response to the SEC's lawsuit to “set the record straight and correct many misconceptions and contradictions with their allegations.”
In a note to Ripple's employees, Alderoty said they want to resolve the matter as quickly as possible despite the slow legal process.
He added that the response, which mirrors the summary of the firm’s Wells Submission, is a long document (93 pages).
XRP is not an investment contract
Ripple, which has maintained that XRP is not a security, reinforced that claim by stating that the token is not an investment contract.
The token is a virtual currency and should not be under the purview of the securities regulator, the firm argues.
The company further says that it did not hold an ICO and does not have any kind of relationship with the majority of the token holders. Alderoty adds that the firm did not enter into an investment contract with token holders.
He added that XRP tokens have been trading in the open markets for 8 years.
The response argues that the SEC is treading alone as it is out of step “globally and domestically.”
The Department of Justice (DoJ) and the Financial Crimes Enforcement Network (FinCEN) have ruled out that XRP is a virtual currency and have regulated it as such.
The firm says that the UK, Singapore, and Japan have all determined that the token is a virtual currency.
Ripple takes a shot at Bitcoin and Ethereum
The firm accuses the SEC of cherry-picking winners and favoring Bitcoin and Ethereum.
“There is no principled distinction between XRP’s current function and that of BTC or ETH."The firm wants the SEC to explain how BTC and ETH are not securities while the opposite is true for XRP.
Ripple also claims that they are not fighting for themselves alone but for the industry as a whole.
Continue reading by joining Cryptonary Pro
$1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
