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The lawsuit. In late 2020, the SEC accused Ripple Labs and two of its executives, Brad Garlinghouse and Christian Larsen, with violating securities laws when raising $1.3 billion through various ...
The federal judge presiding over litigation between the Securities and Exchange Commission and the crypto firm Ripple said on Thursday that the SEC can file a motion to appeal a portion of her ...
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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.
The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms. [ 8 ] [ 3 ] Transactions are validated by a network of independent validators who reach consensus every 3 to 5 seconds, enabling rapid transaction settlement. [ 8 ]
For nearly four years, crypto investors have waited for the big breakout moment for XRP (CRYPTO: XRP), which is still languishing under the $1 mark. And now that moment seems to have arrived. And ...
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From 2007 to 2008, Trevor Murray worked for UBS, a multinational investment bank and financial services company.In 2011, he was recruited back to UBS. When he returned, Murray was responsible for researching UBS's commercial mortgage-backed securities (CMBS), and reporting his findings to the firm's current and prospective customers.