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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 ...
The SEC has brought a number of high-profile lawsuits against both top issuers and exchanges, beginning with with a 2020 complaint against Ripple, the company behind the popular XRP cryptocurrency ...
(Reuters) -Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency ...
The defendants agreed to turn over all data involving XRP transactions. [31] 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.
The following are settlements reached with US authorities against pharmaceutical companies to resolve allegations of "off-label" promotion of drugs. Under the Federal Food, Drug, and Cosmetic Act, it is illegal for pharmaceutical companies to promote their products for uses not approved by the Food and Drug Administration (FDA), and corporations that market drugs for off-label indications may ...
The SEC had been seeking fines and penalties totaling $2 billion in its case against Ripple Labs, its chief legal officer Stuart Alderoty said in March. The SEC previously sued Ripple, its CEO ...
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 SEC has long claimed that many digital ...
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