• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and SEC Case Updates: Implications for the Crypto Industry

user avatar

by Giorgi Kostiuk

a year ago

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) continues to garner significant attention, with profound implications for the entire cryptocurrency industry.

The Beginning and Essence of the Dispute

The lawsuit, which began in December 2020, accuses Ripple and its leadership of raising over $1.3 billion through an unregistered securities offering by selling XRP.

David Schwartz's Commentary

Ripple's Chief Technology Officer David Schwartz expressed his thoughts on the challenges posed by the case and the broader regulatory scrutiny. He noted how legal constraints prevented Ripple from addressing certain truths about the case.

One of the things that most annoyed me about the lawsuit and the war on crypto was that there were things that were indisputably true that I could not say.David Schwartz

Judge's Decision on Documents

Judge Phyllis J. Hamilton has allowed Ripple CEO Brad Garlinghouse to keep some court documents sealed, protecting sensitive information during the litigation process.

The Ripple and SEC court proceedings underscore the significance of the case for the crypto industry and the role of company leadership in navigating legal challenges.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Micron's Investment Aligns with Singapore's High-Tech Industry Goals

chest

Micron Technology's significant investment in Singapore aims to enhance NAND production and aligns with the nation's goal of establishing high-tech industries, including AI.

user avatarJacob Williams

Micron Technology to Invest $24 Billion in Singapore for NAND Production

chest

Micron Technology Inc plans to invest an additional $24 billion in Singapore over the next decade to enhance its NAND manufacturing capabilities amid rising demand for AI.

user avatarZainab Kamara

Blockchain for Good Alliance and FLockio Form Strategic Partnership

chest

Blockchain for Good Alliance (BGA) and FLockio have announced a partnership to advance decentralized AI and blockchain initiatives for societal impact.

user avatarSon Min-ho

Bitcoin Traders Focus on Fed's Tone Ahead of Rate Decision

chest

Bitcoin traders are closely watching the Federal Reserve's tone during the upcoming interest rate announcement, as it could influence market movements.

user avatarKofi Adjeman

Trader Bets Big on Extreme Outcomes Ahead of Fed Meeting

chest

An anonymous trader has placed $23,000 in bets on three extreme outcomes for the upcoming Federal Reserve meeting, which is expected to maintain current interest rates.

user avatarAyman Ben Youssef

Nigerians Can Now Link PayPal Accounts to Paga Wallets

chest

Nigerians can now link their PayPal accounts to Paga wallets for easier access to global payments.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.