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In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.
In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. ... The case is SEC v Ripple Labs Inc et al ...
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 ...
Those lawsuits include a long-running SEC case against Ripple, which is currently making its way through appeals court after the judge sided with Ripple in August, fining the company $2 billion ...
The Ripple and Terraform cases do not directly affect the SEC lawsuit accusing Coinbase, the largest U.S. cryptocurrency platform, of operating illegally because it failed to register as an exchange.
The open-source project was originally called "Ripple", the unique consensus ledger was called the Ripple Consensus Ledger, the transaction protocol was called the Ripple Transaction Protocol or RTXP and the digital asset (known as "ripples") using XRP as the three-letter currency code to follow the naming convention of BTC for Bitcoin.
Ripple's court victory over the SEC in July—a case in litigation since 2020—was seen as a boon not just for the company but the entire industry. In a landmark decision, ...
In my article, I talked about how there was upside potential if its developer, Ripple Labs, beat the civil case filed against it by the Securities and Exchange Commission (SEC). ... (SEC). Source ...