Judge Analisa Torres ruled that programmatic sales of XRP do not satisfy the third prong of the Howey Test. The Wells notice was also a reality check, with the SEC undeterred from recent court losses.
That case, of course, is the lawsuit brought in December 2020 by the SEC against the blockchain-based payments network. The Commission alleges that Ripple violated federal securities laws by selling more than $1.3 billion worth of XRP to investors without registering them as securities. Ripple ...
“The SEC picked fights with the industry and is losing badly in the Courts. They’re now fighting fellow regulators like the CFTC and falling behind international counterparts. At what point will the SEC realize they will lose the war against ETH just as they lost against XRP?” Notably, G...
Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before
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....
Given the net XRP sales have more than doubled during the last quarter, it is yet to be seen how the SEC responds to the fact. Disclosure: The author did not hold crypto mentioned in this article at the time of press.
However, the outcome of the SEC’s lawsuit doesn’t necessarily mean the end for XRP. As Ripple Labs explained in its own late Decemberpress release, most XRP trading volume comes from outside of the United States. The firm’s statement explains the regulatory clarity in the UK, Japan, Sw...
“We’ve seen the lawyer’s tweet about a recently filed lawsuit but have not been served. Like any civil proceeding, we’ll assess the merit or lack of merit to the allegations at the appropriate time. Whether or not XRP is a security is for the SEC to decide. We continue to believe...
The Ripple vs SEC lawsuit has been one of the hottest topics in the crypto industry. For the past three years, the top cryptocurrency has been battling the top US Securities and Exchange Commission. This week started with a major win for Ripple as the judge denied the SEC’s motion to se...
Though Ripple CEO Brad Garlinghouse is prepared to challenge the SEC over its lawsuit, the knock may be hard to come back from.