Ripple vs SEC: Allegations of Unethical Tactics and Latest Developments

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Flowra's Auction Framework Aims to Professionalize MEV Infrastructure

Flowra's launch of the Open Orderflow Auction framework on August 21 aims to professionalize MEV and blockbuilding infrastructure on Solana, promoting a transparent and competitive transaction-ordering market.

Tenzin Dorje7 minutes ago

Honeypot Integration Gives Solana Validators More Control

Honeypot integration allows Solana validators to customize block policies, enhancing control over transaction handling.

Bayarjavkhlan Ganbaatar7 minutes ago

Flowra Introduces Open Orderflow Auction for Solana Validators

Flowra has launched its Open Orderflow Auction framework for Solana validators, introducing a third-party blockbuilding and MEV auction system designed around short, competitive ordering windows.

Mohamed Faroukan hour ago

AI Agents Execute 33 Million USDC Payments on Solana's x402 Protocol

AI agents have executed 33 million USDC in payments over the x402 protocol on Solana in just one week, showcasing a new use case for machine-to-machine payments with stablecoins.

Elias Mukuru2 hours ago

Solana Validators Vote on Governance Proposal SGP0003

Validators on the Solana network are voting on governance proposal SGP0003, which aims to restructure the fee model and potentially increase daily SOL burns.