Almost two years have passed since the lawsuit, and during this time, both parties have continued to argue their claims in front of judge Analisa Torres of the U.S. District Court for the Southern District of New York. Despite the long ongoing legal process, no significant breakthrough has...
There were noSEC v Ripple case-related updates for investors to consider. However, according to the court briefing schedule, the SEC had to file its remedy-related opening brief by Mar 22. The opening brief relates to the July 2023rulingon XRP sales to institutional investors. Judge Analisa T...
The SEC Lawsuit Against Ripple On March 22, the SEC submitted to the Court their request for remedies against Ripple for its historic Institutional Sales of XRP. The SEC has asked the court for ~$2B which comprises: (1) ~$900M in disgorgement; ~$200M in prejudgment interest on the disg...
Ripple Labs CEO Brad Garlinghouse recently commented on the lawsuit by SEC against Ripple. He stated his belief that a court ruling would be delivered within a few weeks. The case has been on for a while now; as such, Garlinghouse’s statement that he anticipates a ruling soon is...