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Ripple Submits 6 Filings in SEC Lawsuit, InQubeta (QUBE) Stays Ahead of Regulatory Challenges

InQubera Qube

Ripple Labs Inc has taken further steps to assert its position in the ongoing legal battle with the United States Securities and Exchange Commission (SEC). The company has submitted six filings, one of which strongly opposes the SEC’s request for summary judgment.


In an 89-page filing, Ripple highlighted numerous inconsistencies in the SEC’s arguments. The company emphasized that the SEC has not successfully proven its theories regarding the alleged common enterprise involving XRP holders, the classification of XRP as a security, or the guilt of Ripple Labs and its executives in the accusations brought against them.

To illustrate its point, Ripple drew analogies such as the purchase of a diamond, stating that investing in or buying this precious stone does not create a common enterprise with De Beers. The company also highlighted that buying U.S. dollars does not automatically imply involvement in a common enterprise with the U.S. Treasury Department.

Based on the logical reasoning presented, Ripple Labs urged the court to deny the SEC’s request for summary judgment on the aiding and abetting claims against the company and its executives.

Experts have analyzed the merits of the arguments put forth by both Ripple Labs and the SEC, with many predicting a favorable outcome for the company. Although the impact of the new filings on the anticipated summary judgment by Judge Analisa Torres remains uncertain, there is a shared expectation, particularly in light of the SEC’s recent lawsuits against prominent industry players such as Binance and Coinbase.

The outcome of the Ripple v. SEC lawsuit will establish a precedent that could significantly influence other legal battles brewing within the industry. The decision will have far-reaching implications for the crypto sector and its ongoing interactions with regulatory bodies.

InQubeta: Transforming AI Start-Up Funding

InQubeta stands at the forefront of the market despite all of the above regulatory worries. The world of AI startup funding is being completely upgraded through InQubeta’s remarkable crypto crowdfunding platform. It introduces an unprecedented concept: fractional investment in startups using $QUBE tokens. These deflationary ERC20 tokens, exclusively created by InQubeta, create an investment ecosystem that benefits both AI startups and investors.

Uniquely, each investment opportunity is transformed into a non-fungible token (NFT) and fragmented, enabling investors to contribute according to their financial capacity while reaping the rewards of being an early supporter. InQubeta’s NFT marketplace allows AI startups to secure funds and provide reward and equity-based NFTs, while $QUBE token holders can conveniently invest in projects that resonate with their beliefs. This symbiotic relationship fosters an exclusive ecosystem that drives progress for both parties.

The QUBE tokens offer a distinctive investment prospect for individuals passionate about the growth and success of AI technology startups. Its deflationary nature, characterized by a 2% tax on all purchases and sales that goes to a burn wallet, ensures a steady increase in value over time. Additionally, the 5% sell tax contributes to a dedicated reward pool, enabling investors to earn rewards by staking their tokens.

InQubeta recognizes the incredible potential that arises from the convergence of AI technology and crypto. However, it also acknowledges the limitations and inaccessibility of traditional investment methods. In response, the platform introduces the QUBE token and InQubeta’s NFT marketplace to establish a secure, and democratic investment ecosystem. By leveraging the power of blockchain and smart contracts, InQubeta facilitates the growth and success of AI startups while providing investors with an efficient investment experience.

Investing in AI startups isn’t solely about supporting individual companies but also about driving advancements in AI with widespread benefits. InQubeta and the QUBE token offer a distinct opportunity for investors to participate in this movement, ensuring an exciting investment journey into the future of AI.

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Tech Arena is an independent technology news website that mainly covers social media news, mobile and gadget news and reviews, apps and software among others. The site focuses on tech news from all over the world that directly impact Kenya.
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