Ripple vs SEC: Allegations of Unethical Tactics and Latest Developments

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Strategylinked Tickers Gain Attention as Bitcoin Holds Steady

Jeff Walton highlights potential for STRC to hover near par as Bitcoin maintains its price range.

Nguyen Van Long10 minutes ago

Ondo Finance Obtains Regulatory Clearances in the US and EU.

Ondo Finance has secured regulatory approvals to operate tokenized securities markets in the US and EU.

Aisha Farooq8 hours ago

Ondo Finance Introduces Ondo Chain and Establishes Significant Partnerships.

In 2025, Ondo Finance launched its new blockchain network, Ondo Chain, while securing regulatory approvals in both the United States and the European Union, forming significant partnerships with major financial institutions.

Luis Flores8 hours ago

Ondo Finance finalizes cross-chain deal with JP Morgan.

Ondo Finance, in collaboration with Chainlink and JP Morgan, completed a cross-chain Delivery versus Payment transaction on Ondo Chain, marking JP Morgan's first settled deal on a public blockchain.