• 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

Forced Selling and Margin Calls Intensify South Korea's Stock Market Decline

chest

Retail investors face significant losses as margin calls and forced selling contribute to the market's downturn.

user avatarJesper Sørensen

Bitcoin's Sharpe Ratio Declines, Indicating Poor Risk-Adjusted Performance

chest

Recent analysis shows Bitcoin's Sharpe Ratio has moved into negative territory, indicating a decline in risk-adjusted performance.

user avatarRajesh Kumar

Bitcoin's MVRV Z-Score Indicates Neutral Valuation

chest

Bitcoin's MVRV Z-Score is currently at 0.49, indicating a neutral valuation regime without signs of capitulation.

user avatarLucas Weissmann

Bitcoin Experiences Heightened Volatility Due to Middle East Conflicts.

chest

Bitcoin's price action is increasingly reactive to geopolitical events, leading to heightened volatility in global markets.

user avatarFilippo Romano

Uniswap Secures Major Legal Victory in Fraud Case

chest

A federal judge ruled that Uniswap cannot be held liable for fraudulent tokens traded on its platform, marking a significant victory for decentralized finance.

user avatarEmily Carter

Ethereum Exchange Reserves Reach Lowest Level in Six Years

chest

Ethereum reserves on Binance have recently fallen to approximately 346 million ETH, marking the lowest level recorded since 2020.

user avatarTomas Novak

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.