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XRP Lawsuit: Attorney Says it's "Clear" that SEC Failed to Comply with Order to Share Internal Documents Requested by Ripple


Jeremy Hogan, Parnter at
CryptoLaw has shared American Fintech Ripple’s response to the
US Securities and Exchange Commission’s (SEC) letter which is disputing (essentially) “parts of the Court Order” from earlier in April 2021 that are “related to internal communications.”
CryptoLaw posted Ripple s response to SEC s letter disputing (essentially) parts of the Court Order from earlier this month related to internal communications. It is CLEAR that the SEC has failed in good faith to comply with at least a part of the Order. If I was Judge…(cont d) https://t.co/IJFjgEles0
According to Hogan, it’s quite clear that the SEC has “failed in good faith to comply with at least a part of the Order.” Hogan also noted that if he was the Judge in this matter, then the SEC attorney would “leave the hearing on this with red ears if not sanctions of some sort.” ....

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SEC Sues Ripple Labs For Unregistered Digital Securities Offerings


Tech
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December 23, 2020
On Tuesday the Securities Exchange Commission (SEC) filed a complaint in the Southern District of New York against blockchain company Ripple Labs, Inc., its CEO Bradley Garlinghouse, and its co-founder, chairman of the board, and former CEO Christian A. Larsen for purportedly raising more than $1.3 billion through its unregistered digital securities offerings.
According to the complaint, since at least 2013 the defendants have “sold over 14.6 billion units of digital asset security called ‘XRP,’ in return for cash or other consideration worth over $1.38 billion U.S. Dollars, to fund Ripple’s operations and enrich Larsen and Garlinghouse.” The SEC averred that the defendants engaged in this conduct without registering their offering and sales of XRP with the SEC as required by law.  ....

New York , United States , Christiana Larsen , Stephanie Avakian , Bradley Garlinghouse , Securities Exchange Commission , Enforcement Division , Ripple Labs Inc , Ripple Lab , Southern District , Ripple Labs , Securities Act , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , கிறிஸ்டியானா லார்சன் , மாற்றாந்தாய் வாக்கிங் , பிராட்லி கார்லிங்ஹவுஸ் , பத்திரங்கள் பரிமாற்றம் தரகு , அமலாக்கம் பிரிவு , சிற்றலை ஆய்வகங்கள் இன்க் , சிற்றலை ஆய்வகம் , தெற்கு மாவட்டம் , சிற்றலை ஆய்வகங்கள் , பத்திரங்கள் நாடகம் ,