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Deconstructing the SEC's Cryptocurrency-Suppression Program: Part Three | Arnall Golden Gregory LLP - Vimarsana News

Deconstructing the SEC's Cryptocurrency-Suppression Program: Part Three | Arnall Golden Gregory LLP

What Do We Mean by Private Digital Money? Introduction This article is the third in a multi-part series that explains how the SEC has structured its anti-cryptocurrency campaign and over-reached its regulatory authority in shutting down cryptocurrencies or private digital money (“PDM”). Part I discussed some of the sleights of hand the SEC has used in its anti-cryptocurrency efforts and the sources for its claim of jurisdiction.  Part II reviewed the SEC’s early history with PDM and steps taken in its suppression-by-regulation program. Part III revisits the term “private digital mone...

"But if You Fall, You Fall Alone" – The SEC Goes After Ripple | Orrick - On the Chain - Vimarsana News

"But if You Fall, You Fall Alone" – The SEC Goes After Ripple | Orrick - On the Chain

To embed, copy and paste the code into your website or blog: Seven years after Ripple Labs, Inc. first began to sell its digital asset XRP, the Securities and Exchange Commission on December 22, 2020, filed a Complaint in the Southern District of New York against Ripple and its current and former CEOs, alleging that since it began these sales, Ripple has been engaged in an unregistered securities offering through the sale of its XRP token within the United States and worldwide. In the action, which does not allege fraud, the SEC is seeking injunctive relief, disgorgement with prejudgment inte...