The Ripple (XRP) Lawsuit: What You Need to Know Ilan Tenennbaum A+ A- Story Highlights The SEC vs. Ripple lawsuit that started almost two years ago may reach a conclusion. Both sides called for a federal judge to make an immediate ruling on whether or not Ripple’s sales violated U....
Update on the SEC Lawsuit Against Ripple On March 6, the Court issued a 57 page opinion deciding which opinions of the SEC’s and Ripple’s experts can be considered on summary judgment (and, if needed, at trial) and which opinions need to be “stricken.” Specifically, the SEC’s expe...
A United States federal court judge has greenlit a civil securities lawsuit against Ripple Labs, denying its summary judgment bid in a suit alleging its CEO broke California securities laws. The June 20 order by Judge Phyllis Hamilton of the U.S. District Court for the Northern District of Ca...
Update on the SEC Lawsuit Against Ripple On December 2, Ripple’s reply brief in support of its motion for summary judgment where the company asked the court to grant judgment in the company’s favor was madepublic. After two years of fighting this lawsuit on behalf of the entire crypto in...
Update on the SEC Lawsuit Against Ripple On Tuesday, September 13, Ripple and the SEC filed their respective summary judgment motions under seal. Unsealed versions were filed and made public on Saturday, September 17. Ripple’s filings argue that the SEC is acting outside their legislative author...
Update on the SEC Lawsuit Against Ripple On July 12, Judge Netburndeniedthe SEC’s attorney-client privilege claims relating to drafts of a June 2018 speech by former SEC director William Hinman, which included remarks on why he did not consider offers and sales of bitcoin and ether to be ...
Update on the SEC Lawsuit against Ripple Last quarter, Ripple hit a milestone with the conclusion of the fact discovery phase on August 31 – the formal process of exchanging information, including exchanging documents and taking testimony, relevant to the case. The case is currently in the exper...
Q1 (and part of Q2 2022) Update on the SEC Lawsuit against Ripple On March 11, the Courtdeniedthe SEC’s request to strike Ripple’s fair notice defense recognizing that there is a serious question whether Ripple had fair notice that its distributions of XRP could be perceived to violate ...
Q4 (and part of Q1 2022) Update on the SEC Lawsuit against Ripple December 22 marked theone year “anniversary”of the SEC lawsuit against Ripple – and the company continues to seek clear regulatory guidance within the U.S. Notably, theWall Street Journalpublisheda Letter to the Editor from...