How The XRP Community Reply To The SEC’s “Shady” Move
The Securities and Exchange Commission (SEC) lawsuit against Ripple Labs, and executives Brad Garlinghouse and Chris Larsen seem to have taken a weird turn. According to the former federal prosecutor and defense lawyer James Filan, the Commission could have allegedly bypass certain rules to its benefit.
#XRPCommunity#XRP#SEC v. #Ripple@sentosumosaba BREAKING: DISCOVERY DISPUTE REGARDING #SEC CONTACTING FOREIGN REGULATORS AND SEEKING DISCOVERY OUTSIDE RULES OF FEDERAL PROCEDURE AND HAGUE CONVENTION. LETTER MOTION ATTACHED.https://t.co/53ytaZCjTi
The SEC apparently is “pursuing discovery” from the United Kingdom Financial Conduct Authority (FCA) on Ripple. This method is called Memoranda of Understanding (“MOU”) and, according to a document file with the Southern District of New York and Magistrate Judge Sarah Netburn, violates the Hague Convention.
Apr 14, 2021 03:51 GMTCrypto News
Ripple executives filed a motion to dismiss the Securities & Exchange Commission’s lawsuit against them.
This follows twin victories last week, including the judge denying the SEC’s request to access the execs’ personal financial information.
Attorney John Deaton believes more clarity would be required before exchanges will decide to relist XRP, despite the token price surge.
Ripple Labs recently filed a motion to dismiss the Securities & Exchange Commission (SEC) lawsuit against the company and its executives.
Motion to dismiss following twin victories last week
The SEC sued the blockchain firm late last year, along with its executives Brad Garlinghouse and Chris Larsen, alleging that XRP tokens were sold as an unregistered security offering.
XRP price rally and Ripple s legal victories could mean settlement with SEC impending fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
XRP price rally and Ripple s legal victories could mean settlement with SEC impending forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.