• 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

10 months 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

Massive Market Wipeout Affects Crypto and Traditional Markets

chest

Massive market wipeout affects crypto and traditional markets, with over 1 trillion erased from the US stock market and more than 120 billion lost in the crypto market due to unexpected employment data announcement.

user avatarAyman Ben Youssef

MegaETH to Launch USDm Stablecoin with PreDeposit Bridge

chest

MegaETH confirms the launch of its native stablecoin USDm next week, alongside the predeposit bridge.

user avatarTando Nkube

Bitcoin Hyper Pre-Sale Surpasses 28 Million with Promising Staking Rewards

chest

Bitcoin Hyper's pre-sale has raised over 28 million, offering attractive staking rewards of up to 41 APY, drawing investor attention.

user avatarKofi Adjeman

The Citebait Strategy for AI Visibility in Financial Analysis

chest

The Citebait Strategy for AI Visibility in Financial Analysis

user avatarKofi Adjeman

Using Goodwill Letters to Remove Late Payments

chest

Consumers can negotiate the removal of isolated late payments through goodwill letters.

user avatarJesper Sørensen

Leveraging the FCRA for Credit Report Disputes

chest

Consumers can leverage the FCRA to dispute inaccuracies on their credit reports.

user avatarRajesh Kumar

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.