SEC Revisits Ripple Case With Familiar ‘XRP is a Security’ Claim
1 day ago · The SEC has filed its opening brief in its appeal against Ripple. The agency seeks to overturn a ruling that XRP is not a security. Crypto attorneys criticize the SEC’s efforts as futile and convoluted. The U.S. Securities and Exchange Commission (SEC) has officially filed an opening brief in its appeal against blockchain firm Ripple.
SEC files opening brief in its appeal against Ripple, seeks reversal …
1 day ago · The SEC asserts that Ripple’s public marketing campaign promoted its efforts to increase XRP’s price. The regulator claims that the campaign reached all investors, both institutional and retail, leading all purchasers to reasonably expect profits based on …
SEC files opening brief in its appeal against Ripple over XRP
1 day ago · Ripple has also cross-appealed the SEC’s partially won New York lower court case to the Second Circuit as Judge Torres had ordered it to pay a $125 million civil penalty for the aspects of the ...
SEC Appeals Ripple Ruling, Seeks Reversal on XRP Classification
1 day ago · Ripple’s legal team has consistently rejected the SEC’s claims, maintaining that XRP is a digital currency, not a security. On Wednesday, Chief Legal Officer Stuart Alderoty labeled the SEC’s latest filing a “rehash of failed arguments,” predicting the case will lose momentum under a Trump administration. The outcome of the appeal could …
SEC v. Ripple - Investopedia
Jun 9, 2024 · In 2020, the U.S. Securities and Exchange Commission (SEC) alleged that Ripple, the blockchain developer and creator of the XRP cryptocurrency token, raised more than $1.3 billion in 2013 by...
Ripple vs. SEC Lawsuit: A Full Timeline of the Legal Battle
Aug 8, 2024 · The Ripple Labs and SEC lawsuit concluded on August 7, 2024, with Ripple not classified as a security but fined $125 million. This outcome ended a major legal battle and clarified the regulatory stance on digital assets despite the SEC’s initial demand of $2 billion.
SEC Charges Ripple and Two Executives with Conducting $1.3 …
Dec 22, 2020 · The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an …
Judge Fines Ripple $125M, Bans Future Securities Law ... - CoinDesk
Aug 7, 2024 · A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.
XRP is Not a Security: Ripple’s Landmark Victory in SEC Lawsuit
Jul 20, 2023 · The Court’s July 13 decision that the crypto asset XRP is not a security is a landmark ruling, not just for Ripple, but for the entire U.S. crypto industry. This is the first industry win against the SEC, and sets the precedent for other crypto assets, tokens and securities regulation in the United States.
Ripple Labs notches landmark win in SEC case over XRP …
Jul 13, 2023 · Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that...
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