• 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

New XRP Ranking Framework Reveals Holder Status

chest

A new ranking framework for XRP holders categorizes wallets based on token quantity, reigniting discussions about ownership status within the community.

user avatarArif Mukhtar

Shiba Inu Network Experiences Surge in Active Addresses

chest

Shiba Inu network sees a significant increase in active sending addresses, indicating potential market changes.

user avatarMaria Gutierrez

MANTRA CEO Urges Users to Withdraw OM Tokens Amid OKX Concerns

chest

JP Mullin, CEO of MANTRA, has raised concerns about OKX's communication regarding the OM migration timeline, urging users to withdraw their tokens to protect their investments.

user avatarSatoshi Nakamura

Experts Analyze Memecoins and Market Cycles

chest

Experts from Kanalcoin analyze the cyclical nature of memecoins and market adaptations, emphasizing the need for informed decisions amid regulatory changes.

user avatarDavid Robinson

Nvidia Faces Leadership Challenges Amidst AI Competition

chest

Stephen Witt highlights concerns over Nvidia's leadership structure as Jensen Huang focuses on robotics amidst rising competition from Google.

user avatarAndrew Smith

Hedera HBAR Shows Resilience and Growth Potential

chest

Hedera HBAR has shown resilience and growth potential, especially among Turkish investors, with recent developments indicating a promising outlook for the cryptocurrency by 2026.

user avatarJacob Williams

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.