More Ripples

in crypto •  last year 

XRP Attorney Spots the Adverse Effects of Ripple Losing to the SEC

The lawyer asserted that an unfavorable result for Ripple would be detrimental to the XRP community as the case would be extended with the firm filing for an appeal, resulting in a retained status quo.

No shit! With a landscape of legal cases, this is, for now, the main case precisely because of the wider repercussions. It is also likely (possibly) to be the first to reach some form of judgement.

If the SEC wins Ripple will Appeal and the status quo that exists today will continue over the next 2-5 years.

However, life goes on, and the USA is not the only jurisdiction in the world.

Ripple Lauds London’s Approach to Digital Currencies, Seeks to Expand Presence in Region

The Head of Policy at Ripple, Susan Friedman, has recently shared that the company has huge expectations of London – a growing digital currency hub. Friedman explained the company’s interest in the region during an interview with the Digital Pound Foundation.

crypto news ripple xrp sec london
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    • [-]
      ·  last year  ·  

    mmm... as I kinda expected, perhaps a partial victory but further uncertainty and a longer wait for any real clarity.
    ... and further costs = losses for Ripple.

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    [-]
      ·  last year  ·  

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    [-]
      ·  last year  ·  

    here's the actual ruling

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    [-]
      ·  last year  ·  

    alt doc

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    [-]
      ·  last year  ·  

    It's like they've won the "weigh in", but they haven't yet entered the ring.
    Unless there is some settlement, this is still going to trial.

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    [-]
      ·  last year  ·  

    LBRY Final Judgment Leaves Ripple And XRP Hanging In The Balance

    The LBRY team announced the final ruling on Twitter, stating that they will fully dissolve LBRY Inc. in accordance with the court order. They also emphasized that the future of LBRY is now in the hands of the community. However, the implications of this ruling have raised concerns about the potential impact on Ripple and the digital asset XRP.

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    [-]
      ·  last year  ·  

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    [-]
      ·  last year  ·  

    still selective enforcement through law-less obfuscation.

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    [-]
      ·  last year  ·  

    Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.

    Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
    https://cointelegraph.com/news/lbry-judge-declines-ruling-on-secondary-sales-being-securities

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    [-]
      ·  last year  ·  

    Be careful what you wish...

    SEC Chair Gensler to Be Dethroned in New House Bill

    ... maybe the next chair will be a stool.

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    [-]
      ·  last year  ·  

    Ripple Attorney Withdraws in Case Against SEC
    https://u.today/ripple-attorney-withdraws-in-case-against-sec

    According to court filings, Anna R. Gressel of Debevoise & Plimpton LLP is no longer the attorney of record for the company.

    With how long its lawsuit with the SEC has been, Ripple Labs CEO Brad Garlinghouse has noted that the departures will not hurt its chances in the case, a vote of confidence that many industry observers are currently betting on.

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    [-]
      ·  last year  ·  

    American Lawyer: Investors Suing Ripple Better Pray for the SEC to Lose Its Case Against Ripple

    The second [legal case] is a class-action lawsuit (originally filed in 2018) by an aggrieved investor, Bradley Sostack, arguing that XRP is a security and should have been registered under relevant laws.

    In a twist of irony, Deaton explained that should Ripple lose the SEC lawsuit, it is the SEC, not the civil case plaintiffs, that would likely offer XRP holders the best financial recovery. And if Congress steps in and resolves the current regulatory issues during the years of appeals, these cases could be rendered moot.

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    [-]
      ·  last year  ·  
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