SEC files opening brief in its appeal against Ripple, seeks ...
19 hours ago · The SEC also disputes the district court’s finding that XRP given to employees and business partners did not meet the Howey test’s “investment of money” requirement. The regulator argues that the receipt of valuable services is economically equivalent to receiving monetary payment and thus satisfies this requirement.
Ripple SEC Lawsuit: US SEC Challenges 'XRP Is Not A Security ...
18 hours ago · Ripple SEC Lawsuit Update: The U.S. Securities and Exchange Commission (SEC) has filed an opening brief in appeals in the lawsuit, challenging a district court’s ruling on Ripple Labs’ XRP sales. The case, originally filed in December 2020, centers on whether Ripple’s sales of XRP to retail investors constitute unregistered securities ...
SEC Appeals Ripple Ruling, Seeks Reversal on XRP ... - Decrypt
21 hours ago · The SEC asserts that labor and services received in exchange for XRP satisfy the “investment of money” criterion outlined in the Howey framework. Ripple’s legal team has consistently rejected the SEC’s claims, maintaining that XRP is a digital currency, not a security.
SEC files opening brief in its appeal against Ripple over XRP
16 hours ago · At time of writing, XRP was up 10% over the past 24 hours despite the SEC’s filing, alongside wider daily gains in the crypto market. Magazine: Godzilla vs. Kong — SEC faces fierce battle ...
U.S. SEC files last-minute opening brief against Ripple ...
17 hours ago · Court filings show the U.S. SEC is challenging Judge Analisa Torres’ July 13, 2023 ruling. The court documents reveal that the regulator seeks to challenge part of the July 13, 2023 ruling by New York Judge Analisa Torres that categorized XRP tokens differently when dispensed to retail and institutional investors. #XRPCommunity #SECGov v.
XRP Lawsuit News: Expert Reveals Why SEC Won't Miss January ...
3 days ago · The SEC’s appeal deadline in the ongoing Ripple XRP lawsuit is fast approaching, with the critical date set for January 15, 2025. This comes after Judge Torres ruled that XRP itself is not a security, although the classification of sales depends on the specifics of …
SEC v. Ripple - Investopedia
Jun 9, 2024 · In 2020, the U.S. Securities and Exchange Commission (SEC) alleged that Ripple, the blockchain developer and creator of the XRP cryptocurrency token, raised more than $1.3 billion in 2013 by...
Judge Fines Ripple $125M, Bans Future Securities Law ...
Aug 7, 2024 · A federal judge imposed a $125 million fine on Ripple after finding last year that its institutional sales of XRP violated federal securities laws. The judge reiterated her view that Ripple's...
Ripple effects: developments following groundbreaking ...
Dec 5, 2023 · Following Judge Torres' summary judgment decision, on Aug. 18, the SEC moved for an interlocutory appeal to challenge the court's holding that Ripple's programmatic sales of XRP on secondary ...
Ripple Labs notches landmark win in SEC case over XRP ...
Jul 13, 2023 · Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry...
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