Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

  • Home
  • Crypto
  • Ripple’s Chief Legal Officer Discloses SEC’s Pre-Lawsuit Offer to Payments Firm
Ripple's Chief Legal Officer Discloses SEC's Pre-Lawsuit Offer to Payments Firm

Ripple’s Chief Legal Officer Discloses SEC’s Pre-Lawsuit Offer to Payments Firm

Ripple Rejects SEC’s Offer to Declare XRP a Security, Says Chief Legal Officer

Ripple’s chief legal officer, Stuart Alderoty, revealed that the U.S. Securities and Exchange Commission (SEC) approached the company with a settlement offer before filing a lawsuit against them. According to Alderoty, the SEC proposed that XRP be declared a security and gave the market a brief period to comply. However, Ripple declined the offer for two main reasons. Firstly, they believe that XRP is not a security, and secondly, the SEC has not established a framework for crypto compliance. Alderoty states that their victory in court exposed the SEC’s hypocrisy and allows the industry to continue fighting. Judge Analisa Torres recently ruled that XRP sales do not constitute security offerings.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

Ripple's Chief Legal Officer Discloses SEC's Pre-Lawsuit Offer to Payments Firm