Stay Informed About The Latest on The Ripple-SEC Legal Battle 🚀
Are you eager to know more about the ongoing legal dispute between Ripple and the SEC? Stay up to date with the latest developments and how they could potentially impact the crypto market.
Latest Developments in the Legal Battle
The confrontation between Ripple and the US Securities and Exchange Commission (SEC) continues as the regulator responds to the company’s recent motion. Here are the recent updates:
– The SEC opposes Ripple’s motion to seal financial data essential for judicial decisions
– Arguing that the information is crucial for the court’s remedies decision
– Ripple seeks to seal and redact evidence related to remedies briefing
– SEC challenges redacting information about Ripple’s revenues and expenses dating back to 2014
The Ongoing Legal Saga
The legal battle dates back to December 2020 when the SEC accused Ripple of conducting an unregistered securities offering. Here is an overview of the case so far:
– Lawsuit began in December 2020
– Reached trial phase in April 2024
– Judge entered a new scheduling order for remedies and final judgment
– SEC opposes Ripple’s motion to strike expert materials
– Disagreement over expert testimony from Andrea Fox
– Further documents exchanged between both parties
– Speculations about a potential $100 million settlement
Hot Take: What Lies Ahead for Ripple and XRP 🌟
As the legal drama unfolds, all eyes are on the judge’s upcoming ruling and the potential impact on Ripple and XRP. Stay tuned for more updates on this high-stakes legal showdown!
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