• 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

Short Positions on Ethereum Decline as Market Sentiment Improves

chest

The Ethereum market is experiencing a shift as short positions are being eliminated, indicating a more positive outlook.

user avatarTenzin Dorje

UK Security Official Proposes Temporary Freeze on Crypto Donations

chest

A senior UK security official, Matt Western, has proposed a temporary freeze on cryptocurrency donations to political parties to prevent foreign interference in British politics.

user avatarBayarjavkhlan Ganbaatar

Starknet Introduces strkBTC: A New Bitcoin Token with Privacy Features

chest

Starknet has introduced strkBTC, a Bitcoin-based token designed to enhance user privacy on its Ethereum layer-2 network.

user avatarMohamed Farouk

Block Inc Projects Up to $500 Million in Restructuring Charges

chest

Block Inc expects to incur between $450 million and $500 million in restructuring charges related to workforce reduction, primarily due to severance and other costs.

user avatarDiego Alvarez

Block Inc to Cut Over 4,000 Jobs in Major Restructuring

chest

Block Inc has announced that it will cut more than 4,000 jobs as part of a broad restructuring plan.

user avatarElias Mukuru

Market Analysts Cautious Despite XLM's Recent Bounce

chest

Market analysts express caution despite XLM's recent price bounce due to derivatives positioning and technical indicators.

user avatarArif Mukhtar

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.