• 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

Fear and Greed Index Indicates Extreme Fear

chest

The Fear and Greed Index dropped to 21, indicating extreme fear among investors.

user avatarJesper Sørensen

Bitmine Receives Significant ETH Transfer from FalconX

chest

Bitmine's newly created wallet has received a substantial transfer of 32,938 ETH, valued at approximately $978 million, from trading firm FalconX.

user avatarRajesh Kumar

Integration of DeFi and Creative Ecosystems Highlighted by Coinbase CEO

chest

Brian Armstrong, CEO of Coinbase, discusses the integration of DeFi with creative ecosystems, emphasizing social dynamics and revenue sharing.

user avatarLucas Weissmann

Kim Byungkee Under Investigation for Alleged Conflicts of Interest

chest

Kim Byungkee, the floor leader of South Korea's ruling Democratic Party, is under investigation for alleged conflicts of interest related to his son's internship at Bithumb, raising concerns about favoritism in the crypto industry.

user avatarFilippo Romano

Altcoin-Focused Treasuries at Greater Risk

chest

Treasuries focused on altcoins are at higher risk during market downturns compared to those focused on major cryptocurrencies.

user avatarKaterina Papadopoulou

Single-Asset Strategies Lose Their Edge

chest

Companies focused solely on holding Bitcoin or a single digital asset are struggling to maintain sustainability in the current market.

user avatarEmily Carter

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.