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The SEC has faced recent defeats in the case, including an unexpected ruling by Judge Analisa Torres in July that found that Ripple's sale of XRP on exchanges did not constitute an unregistered ...
Torres had found in July that only some XRP sales violated federal securities laws. The case is SEC v Ripple Labs Inc et al, U.S. District Court, Southern District of New York, No. 20-10832.
XRP and Solana exchange-traded products, or ETPs, could attract as much as $14 billion in investment within their first year, banking giant JPMorgan says, suggesting huge demand for them if the ...
An SEC spokesperson declined to comment. Torres’s most recent decision in the SEC’s litigation against Ripple is the latest in a landmark case that could influence the future of crypto in the U.S.
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
Tuesday’s court-scheduled SEC-Ripple conference leaves Judge Sarah Netburn to now decide on the fate of the Hinman speech-related docs from 2018.
The SEC brought the suit in 2020, accusing Ripple of illegally raising money by selling XRP without registering it as a security. The XRP price surge also comes as investors bet on the future of ...
XRP is on the move today, testing resistance levels early. Uncertainty over the outcome of the SEC v Ripple case remains, however, ahead of a key ruling.