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The verdict ordered Ripple Labs to stop selling any assets to professional investors without properly registering them as securities with the SEC, and to pay the court $125 million in civil penalties.
The SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.
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. ... USA TODAY. Watch the emotional meeting ...
The government agency brought charges against Ripple [28] for depriving the “potential purchasers [of XRP] of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to our robust public market system,” according to the complaint that the SEC filed in federal district court ...
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 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 ...
Securities and Exchange Commission v. Jarkesy (Docket No. 22-859) [1] was a case before the Supreme Court of the United States.In May 2022, the Court of Appeals for the Fifth Circuit held, under certain statutory provisions, the Securities and Exchange Commission's administrative adjudication of fraud claims without jury trials in their administrative proceedings with their own administrative ...
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 ...