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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 ...
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The SEC dropped civil charges against Brad Garlinghouse and Christian Larsen on Thursday. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
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 ...
SEC v Ripple news updates appear to favor Ripple’s defense. Despite this, XRP continues its pullback from $0.91 levels struck in late March.
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.
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 price of XRP popped 78% after a U.S. judge ruled on July 13 that issuer Ripple Labs' sales of the token on public exchanges didn't violate securities law, and it's still up about 47%.