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

Ripple vs SEC: Allegations of Unethical Tactics and Latest Developments

user avatar

by Giorgi Kostiuk

a year ago

The legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for several years. Starting in December 2020, it remains one of the most debated topics in the crypto space.

The SEC's Ethical Limits

Attorney John Deaton, who represents numerous XRP investors in the lawsuit, claims that the SEC is overstepping "ethical limits." He reported that the commission's attorneys "used aggressive discovery tactics, threatening and harassing Ripple's overseas customers."

The SEC attempted to subpoena all of Brad's, and his family's, personal financial records, including credit card statements. It was an attempt to bully and coerce Garlinghouse and Ripple into submitting to the powerful SEC.John Deaton

Has Ripple Won?

While the company has scored several partial court victories, a final resolution has yet to be seen. Last summer, Judge Analisa Torres ordered Ripple to pay a $125 million civil penalty for violating federal securities laws.

Changes in the SEC and Ripple's Future

Potential leadership changes in the SEC, such as the appointment of Paul Atkins as chairman instead of Gary Gensler, could favor Ripple. However, considering the complexity of the legal process, expectations remain tempered.

Ripple's lawsuit with the SEC continues to be one of the most intriguing topics in the crypto world. Upcoming changes in SEC leadership could influence the outcome, but the situation remains uncertain for now.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Strategy Inc Faces Major Financial Loss Due to Bitcoin Volatility

chest

Strategy Inc is expected to report a significant multibillion-dollar loss in Q3 due to Bitcoin's price correction and new accounting standards.

user avatarRajesh Kumar

BNB Chain Announces Fermi Hard Fork Scheduled for 2026

chest

BNB Chain has officially announced that the Fermi Hard Fork is scheduled for January 14, 2026. This upgrade aims to improve transaction confirmation speed, enhancing the overall efficiency of the BNB Chain.

user avatarMiguel Rodriguez

APEMARS Whitelist Launches Amidst Growing Meme Coin Buzz

chest

The APEMARS whitelist is now live, providing early access to APRZ tokens at a low Stage 1 price as community momentum builds.

user avatarLuis Flores

Developer Commitment Drives Altcoin Resilience in Bear Markets

chest

Active development during bear markets is crucial for altcoin resilience. Projects that continue to innovate and expand their ecosystems are better positioned to succeed when market conditions improve.

user avatarMaria Gutierrez

Sustainable Tokenomics Enhance Altcoin Survival in Bear Markets

chest

Sustainable tokenomics play a vital role in the survival of altcoins during bear markets.

user avatarDavid Robinson

Hyperscale Data Unveils Bitcoin Holdings and Future Acquisition Plans

chest

Hyperscale Data, Inc. has disclosed its Bitcoin holdings and future acquisition plans through its subsidiary Sentinum, which holds approximately 5,198,687 Bitcoin and has allocated $305 million for further purchases.

user avatarAndrew Smith

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.