Ripple VS SEC Lawsuit Moved To Magistrate Judge For Settlement
Ripple VS SEC Lawsuit has been referred to the magistrate judge for settlement as Judge Hamilton sided with Judge Torres’ ruling on XRP sales. The defendants’ motion for summary judgment in the Zakinov v. Ripple litigation was partially granted and partially denied by a U.S. district court judge, who referred the case to a magistrate […]
Nvidia gets Supreme Court Review on Shareholder Crypto Suit
Nvidia’s motion to dismiss a lawsuit alleging securities fraud has been granted by the Supreme Court. According to the class action case, which is currently being examined by the Supreme Court, Nvidia and its CEO, Jensen Huang, misrepresented the percentage of their sales that went toward operations related to the cryptocurrency business, deceiving investors. Amounts […]
Top US SEC Executive Bids Farewell After Nine Years Of Service
Top US SEC Executive David Hirsch, who has worked as an enforcement attorney for the SEC since 2015, has bid the SEC farewell after years of service. David Hirsch, the supervisor of the crypto assets in the United States Securities and Exchange Commission’s (SEC) enforcement division, has officially announced his departure from the agency. On […]
Ripple CLO Critiques Gensler’s Use of Crypto Asset Securities
Ripple CLO criticizes SEC Chair Gensler’s use of crypto-asset securities and emphasizes the importance of voting in elections to influence crypto regulations. Stuart Alderoty, the Chief Legal Officer of Ripple, expressed his dissatisfaction with the use of “crypto-asset securities” by SEC Chair Gary Gensler and encouraged dissatisfied crypto investors to participate in the forthcoming elections. […]
Ripple Argues for Civil Penalty, Invokes SEC v. Terraform case
Ripple has requested that a court consider an “appropriate” civil penalty in their lawsuit against the United States Securities and Exchange Commission (SEC). In a June 13 filing in the U.S. District Court for the Southern District of New York, Ripple’s legal team submitted a notice of supplemental authority that alleged the “unreasonableness” of the […]