• 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

Kaito Unveils Information Markets Mindshare Arena

chest

Kaito has recently launched the Information Markets Mindshare Arena, which ranks projects based on attention and discussion share.

user avatarBayarjavkhlan Ganbaatar

Asian Currencies Weaken Amid Venezuela Sanctions

chest

Asian financial markets faced turbulence as regional currencies declined following renewed sanctions against Venezuela's oil sector.

user avatarMohamed Farouk

Japanese Yen Continues Decline Despite Rate Hike Speculation

chest

The Japanese yen fell past the 152 level against the US dollar, defying expectations of a potential Bank of Japan rate hike.

user avatarTenzin Dorje

Understanding the Importance of the MOVR Suspension

chest

The temporary suspension of MOVR deposits and withdrawals on Binance is a standard industry practice aimed at ensuring security and compatibility during blockchain upgrades.

user avatarElias Mukuru

Binance Suspends MOVR Transactions for Network Upgrade

chest

Binance has announced a temporary suspension of all Moonriver (MOVR) token transactions starting January 6, 2024, at 12:00 PM UTC to facilitate a crucial network upgrade.

user avatarDiego Alvarez

Strata Protocol's Dynamic Yield Split Mechanism Enhances Predictability

chest

The Dynamic Yield Split mechanism in Strata Protocol ensures predictable outcomes for senior tranche holders while providing leveraged exposure for junior tranche holders.

user avatarMaria Fernandez

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.