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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 ...
The end of the SEC lawsuit. XRP, Ripple, and the creators of XRP, Garlinghouse and Chris Larsen, have been the poster child for an SEC lawsuit that ultimately seeks greater regulatory jurisdiction ...
In December 2020, the SEC sued Ripple, the core developer behind the cryptocurrency XRP. Central to the agency’s allegations were that XRP was an unregistered security, or similar to shares in a ...
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.
In a Friday filing, Ripple Labs pushed back against the SEC’s allegations. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
XRP investors will be looking forward to a new administration that would swap Gensler out for someone less focused on regulating crypto by the SEC. XRP would also benefit if this lawsuit ends and ...
In February 2023, the SEC sued Terraform Labs and Kwon, alleging that they orchestrated a multibillion-dollar securities fraud by offering unregistered securities, including UST and LUNA, as well ...
The price of XRP (CRYPTO: XRP) had fallen 6.6%. ... given that the SEC lawsuit should soon be done once and for all (the SEC has appealed parts of the judge's decision), and all of the uses the ...