Ripple vs. SEC: CEO Brad Garlinghouse cleared the only stumbling block to a settlement with the SEC
The XRP litigation is currently in a critical stage, and Ripple’s legal counsel is relying on a speech given by former SEC director William Hinman in 2018. The Ripple versus SEC litigation is nearing its conclusion, and with settlement speculation still strong, Ripple CEO Brad Garlinghouse cleared the only criterion that would have forced the company to settle with the SEC: the SEC’s approval. Garlinghouse spoke on the Fox network to discuss the need for clarity on security rules from the […]
Veteran Trader Peter Brandt describes Ripple as a “Security”
Even after more than four decades of experience navigating the commodities markets, Peter Brandt maintains that Ripple (XRP) is an unregistered security, according to Investopedia. The veteran trader would still be able to own the Ripple-affiliated cryptocurrency despite the regulatory uncertainty surrounding the cryptocurrency. He would just have to do so “under the right circumstances.” […]
Judge Sarah Netburn orders Ripple to produce one million missing Slack messages
In order to comply with the SEC’s request, Ripple must now submit terabytes of Slack messages that were previously withheld owing to an apparent data error. The Securities and Exchange Commission (SEC) has requested access to one million missing Slack chats between Ripple employees, and U.S. Magistrate Judge Sarah Netburn has ordered the cryptocurrency exchange […]
Ripple files motion to reveal SEC employees’ XRP holdings
As part of its ongoing legal struggle with the Securities and Exchange Commission, Ripple has filed a motion to compel the securities regulator to reveal its internal cryptocurrency trading procedures. James Filan, an attorney who has been following the SEC’s lawsuit against Ripple closely, has published a new motion document that seeks to clarify whether […]
The SEC asks Ripple to provide its Slack messages
In the Ripple-SEC case, the Securities and Exchange Commission (SEC) of the United States has filed a motion for Ripple to provide the history of its communication on Slack. Judge Sarah Netbrun of the Southern District of New York was asked by the SEC to require the firm to search for and produce pertinent conversations […]