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XRP

U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

By Securities Docket on September 11, 2023, 8:59 am

Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday. The SEC filed a response to a Ripple memo which argued the opposite as part of its […]

Posted in SEC, Top | Tagged Appellate, Ripple, XRP

‘Vast swathes’ of XRP owners in Ripple case don’t believe the tokens are securities. They’re class members anyway. | Reuters

By Securities Docket on July 6, 2023, 8:25 am

“For these thousands of putative class members, the notion that their XRP — that they purchased and may still own — is a ‘security’ comes as an unwanted surprise,” the defendants said. XRP trading would be more complicated if the coins were found to be securities, Ripple’s lawyers said — and sellers might even face […]

Posted in Class Actions, Top | Tagged XRP

Crypto Firm Ripple Labs Fights SEC by Claiming Its Investors Have No Rights – Bloomberg

By Securities Docket on September 20, 2022, 8:29 am

Ripple over the weekend filed a motion seeking dismissal of the suit before trial in federal court in Manhattan. The company argued that XRP can’t be considered a security because there was no “investment contract” granting investors rights or requiring the issuer to act in their interests. *** The regulator also asked for a ruling […]

Posted in SEC, Top | Tagged Ripple Labs, XRP

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