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Tag: Ripple General counsel

Ripple vs. SEC Lawsuit: Scheduling Order Issued for Expert Witness Rebuttal
26Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Lawsuit: Scheduling Order Issued for Expert Witness Rebuttal

The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) continues, with a recent scheduling order issued by Magistrate Judge Sarah Netburn. This order pertains to Ripple's motion to dismiss the SEC's latest expert submissions to bolster their case for penalties and a final judgment. Extension Granted for SEC Rebuttal Judge Netburn granted the SEC an extension until April 29, 2024, to file their response to Ripple's motion. Following the SEC's rebuttal, Ripple will have three business days to submit their counter-arguments. This update comes amidst Judge Netburn's recent nomination as District Judge within the Southern District of New York. Encouragingly for the crypto community, she will continue to preside over the Ripple vs. SEC case, known for her ...
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Ripple vs. SEC Heats Up: Judge Netburn’s Nomination Seen as Boon for Ripple
26Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Heats Up: Judge Netburn’s Nomination Seen as Boon for Ripple

The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has entered a potentially pivotal phase with the nomination of Magistrate Judge Sarah Netburn as a District Judge in the Southern District of New York (SDNY). Judge Netburn's Reputation Bodes Well for Ripple Judge Netburn's fair rulings and crypto-friendly stance are seen as a positive development for Ripple. This is particularly significant as Ripple contests the SEC's hefty proposed penalties, suggesting a maximum of $10 million instead. Read Also: Shiba Inu to the Moon? Analyst Predicts $0.001 by 2025 Three key arguments bolster Ripple's defense: Challenging the validity of the SEC's claims due to insufficient evidence. Highlighting significant changes made to XRP sales practices in rec...
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Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches
16Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to be a hot topic, with recent events sparking speculation about a possible settlement. Settlement Theories and a Crucial Pre-Trial Conference A March 29th court filing revealed a settlement conference between the parties, fueling discussions. This came after the SEC requested nearly $2 billion in penalties from Ripple for alleged violations of securities laws. Ripple executives, in turn, have vehemently denied the charges. Read Also: Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes The upcoming week of April 15th marks a significant development: a "Final Pre-Trial Conference" between Ripple and the SEC is scheduled for April 16th. While details remain unclear, this conf...
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Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst
15Jan By Daniel AbangNo Comments
Ripple News

Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst

The Ripple vs. SEC lawsuit, a saga that has gripped the cryptocurrency community for years, took a dramatic turn with a potential multi-billion dollar fine hanging over Ripple's head. Renowned crypto expert Zach Rector, in a recent YouTube analysis, laid out a worst-case scenario that could see the payments giant cough up a staggering $3 billion to the U.S. Securities and Exchange Commission (SEC). Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Disgorgement on the Horizon? At the heart of the potential penalty lies the regulatory question of whether XRP, Ripple's native token, constitutes an unregistered security. Rector argues that if Judge Analisa Torres rules in favour of the SEC on XRP's On-Demand Liquidity (ODL) sales being investment contract...
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SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims
12Jan By CryptolifedigitalNo Comments
Ripple News

SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims

The ongoing saga between the Securities and Exchange Commission (SEC) and Ripple Labs took a sharp turn this week as the SEC filed a motion in federal court demanding access to Ripple's financial statements for 2022-2023 and post-complaint contracts governing institutional XRP sales. This escalation suggests a new phase in the legal battle, potentially focusing on transactions after the initial lawsuit was filed in December 2020. Read Also: Terraform Labs Founder Do Kwon Fights Extradition, Delays US Trial https://twitter.com/FilanLaw/status/1745512272313606586 Key Points of the SEC's Motion Financial Statements: The SEC seeks Ripple's financial statements for the past two years, potentially aiming to assess the impact of post-complaint XRP sales on the company's finances. I...
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XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn
27Dec By Daniel AbangNo Comments
XRP News

XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn

Concerns are rippling through the XRP community as debates intensify regarding the potential burn of the 39 billion XRP tokens held in Ripple's escrow wallet. Key figure Kristin Dack has raised ethical red flags, challenging the notion of burning XRP tokens and highlighting the inherent risks to individual asset holders. Escrow XRP Burn Could Be An Issue. Dack Stated  Dack's argument revolves around the fundamental value of each XRP token, representing a significant asset for holders. While the idea of burning tokens is tempting due to its potential to boost XRP's overall value, it sparks uneasy questions about encroaching on the property rights of individual XRP holders. Dack issues a stark warning that supporting a code allowing the community to burn someone's XRP exposes every holder ...
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Ripple CLO Discloses SEC Lawsuit Settlement Offer
24Dec By Daniel AbangNo Comments
Ripple News

Ripple CLO Discloses SEC Lawsuit Settlement Offer

In a recent development in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the Chief Legal Officer (CLO) of Ripple has unveiled details of a settlement offer. The revelation comes on the heels of a tweet by the crypto analyst known as 25hoursawake, who hinted at significant behind-the-scenes negotiations. Read Also: Solana's Meteoric Rise: A Comprehensive Analysis and Future Price Predictions https://twitter.com/25hoursawake/status/1738878664538837089 The Battle Between Ripple And SEC According to the disclosed information, the SEC has extended a settlement proposal to Ripple, marking a potential turning point in the protracted legal dispute over the XRP cryptocurrency. The terms of the proposed settlement remain undisclosed, leav...
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National Bank of Georgia Selects Ripple Labs for Digital Lari (GEL) Pilot Project
3Nov By OLAJIDE SAMUELNo Comments
Ripple News

National Bank of Georgia Selects Ripple Labs for Digital Lari (GEL) Pilot Project

In a significant move in the world of central bank digital currencies (CBDCs), the National Bank of Georgia (NBG) has chosen Ripple Labs, a San Francisco-based blockchain company, as its technology partner for the digital Lari (GEL) pilot project. The partnership between NBG and Ripple Labs is poised to explore the potential use cases and advantages of Ripple's CBDC platform, indicating a significant step forward for both entities. Read Also: Terra Luna's Classic DynComm Module Sparks Price Surge as L1 Team Approves Dynamic Validator Commissions https://twitter.com/Ripple/status/1720142420497584585 Ripple's CBDC Platform Ripple's CBDC platform, launched in May 2023, is designed to facilitate the issuance, management, and transactions of CBDCs by governments and financial institutio...
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Attorney John Deaton Unveils Trio of Major Announcements, Featuring Steven Nerayoff Interview, Crypto Payment Solution Role, and Book Release
23Sep By CryptolifedigitalNo Comments
Uncategorized

Attorney John Deaton Unveils Trio of Major Announcements, Featuring Steven Nerayoff Interview, Crypto Payment Solution Role, and Book Release

Attorney John Deaton, a well-known legal figure within the crypto space and Managing Partner at Deaton Law Firm, has delivered on his promise of a "big announcements." Less than 48 hours after teasing his nearly 300,000 followers with three hints, Deaton took to the stage to unveil three significant developments in a live video broadcast. Steven Nerayoff Interview on Crypto-Law TV In a move that has piqued the curiosity of many, Attorney Deaton announced that Steven Nerayoff, an early advisor to the Ethereum network, would be featured as a guest on Crypto-Law TV. Nerayoff had recently found himself at the centre of a debate regarding Ethereum's Initial Coin Offering (ICO). Read Also: Shiba Inu's Shibarium Gears Up for Significant Developments, Renouncing BONE Contract Marks Milestone ...
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