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The end of the SEC lawsuit. XRP, Ripple, and the creators of XRP, Garlinghouse and Chris Larsen, have been the poster child for an SEC lawsuit that ultimately seeks greater regulatory jurisdiction ...
XRP investors will be looking forward to a new administration that would swap Gensler out for someone less focused on regulating crypto by the SEC. XRP would also benefit if this lawsuit ends and ...
The U.S. Securities and Exchange Commission (SEC) slapped Ripple with a lawsuit in 2020, alleging that the XRP token is a financial security (like a stock or a bond). Companies that issue ...
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.
XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data. ... The ruling by U.S. District Judge Analisa Torres was the first win for a cryptocurrency company in a case ...
The SEC secured a temporary restraining order and asset freeze from the judge, using an extraordinary process in which defendants are not even notified of the case against them. The agency's case ...
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