The SEC Files A Strike Against Ripple’s Defense. Could It Drown XRP?
The U.S. Securities and Exchange Commission (SEC) made a surprise attack on the Ripple case by filing a letter of supplemental authority to strike Ripple’s “fair notice” defense. Simultaneously, the token XRP is down 2.33% in the last 24 hours to $0.7 following the market’s downtrend. The SEC’s Surprise Move As the popular SEC vs. Ripple case is expected to be resolved around April this year, the SEC has made a new move that left many wondering if previous expectations could change. The American regulator is using a winning move from another case to strike at....
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Ripple, a Fintech company, makes substantial headway in its legal fight with the U.S. Securities and Exchange Commission. The XRP (the world’s seventh-largest cryptocurrency) issue will be resolved soon, according to CEO Brad Garlinghouse, who is optimistic about the case’s conclusion date. XRP continued a week-long surge in the market today that began after a judge in an ongoing legal tussle between Ripple and the SEC made beneficial rulings for Ripple. Judge Analisa Torres said late last week that she would authorize the release of certain documents related to the dispute,....
As the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense. The Securities and Exchange Commission (SEC) is attempting to block XRP holders from aiding in Ripple’s defense, and prohibit attorney John E. Deaton from any further participation in proceedings. In its official objection submitted on July 19, the regulator opposed the decision to recognize 1,746 XRP holders as "amici curiae" along with attorney John E. Deaton. Amici (plural: amici curiae) means “friend of the court” — an....
Ross Ulbricht’s legal defense filed a reply to the government as part of his appeal this week. On behalf of Ulbricht, who was sentenced to double life in prison without parole for operating the Silk Road dark marketplace under the alias Dread Pirate Roberts (DPR) more than a year ago, attorney Joshua Dratel disputes the fairness of the trial. The defense has requested that Ulbricht’s “convictions should be vacated, and a new trial ordered, or that he be re-sentenced before a different district judge.” Ulbricht's defense had issued an initial appeal earlier this year, which was answered by....
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