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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.
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.
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, ...
The Securities and Exchange Commission is no longer pursuing civil charges against Ripple executives Christian Larsen and Brad Garlinghouse, according to a court filing in the Southern District of ...
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 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.
The federal agency said it would appeal the decision a little more than one week ago.
Another blow to the SEC's campaign came in August when a federal appeals court sided with an asset manager that hopes to launch the first bitcoin exchange-traded fund over the objections of the SEC.