Cryptocurrency payments firm Ripple, the de facto leader of the revolt, has started to rack up procedural court victories as it fends off the SEC in a case that could redefine how the agency polices digital assets. Grayscale Investments, which wants to launch a Bitcoin fund for the masses, tapped the white-shoe law firm Davis Polk to publicly outline a legal case that could be brought against the agency if it obstructs the company’s ambitions. The CEO of another startup, Terraform Labs, sued the SEC after it tried to serve him with a subpoena.
‘Enforcement 40’ for 2020
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