• 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

DeepSnitch AI Pre-Sale Draws Substantial Funding.

chest

DeepSnitch AI has raised nearly 890K in its presale, driven by operational AI agents and promotional codes offering bonuses.

user avatarAyman Ben Youssef

Long-Term Outlook for Bitcoin Remains Strong Despite Recent Volatility

chest

Phong Le emphasizes that recent market corrections should not deter long-term investors from their Bitcoin strategy.

user avatarKofi Adjeman

Key Drivers Supporting Bitcoin's Growth Towards 2026

chest

Phong Le identifies three primary catalysts that could accelerate Bitcoin's adoption and value appreciation leading into 2026.

user avatarTando Nkube

Future Prospects for AI Tokens Amidst Market Challenges

chest

The future for AI tokens depends on overcoming technological and market barriers, with potential for recovery through innovation.

user avatarNguyen Van Long

Nexo Sees 155% Surge in Credit Withdrawals Amid Market Drawdown

chest

Nexo has experienced a significant increase in credit withdrawals, indicating a shift in user behavior towards borrowing rather than selling assets.

user avatarSatoshi Nakamura

Insights on Unrealized Losses in Cryptocurrency Markets

chest

Insights on unrealized losses in cryptocurrency markets highlight the importance of calculated portfolio management strategies for investors.

user avatarLucas Weissmann

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.