By Timmy Shen. November 17, 2022. (Forkast) Fast facts The Blockchain Association filed its amicus brief on Tuesday, saying: “The SEC’s extremely broad interpretation of the securities laws would have devastating effects on the industry (and even outside the industry).” The Crypto Council for Innovation (CCI), an alliance of industry leaders, also filed an amicus brief on Tuesday in […]

By Emilie Ruscoe. November 16, 2022. (Law360) A group of investors in Ripple Labs Inc.’s signature digital assets XRP have argued the U.S. Securities and Exchange Commission’s allegations in its suit against the blockchain company “are quite possibly the most overbroad, far-reaching claims ever made in an SEC enforcement action,” asking a New York federal judge to deny […]

As the cryptocurrency trial of the century draws to an close in a Manhattan federal court, there are increasing signs that the U.S. Securities and Exchange Commission (SEC) faces a bruising defeat against the San Francisco-based enterprise blockchain innovator Ripple Labs. The verdict could drastically limit the SEC’s authority to regulate crypto in the United States. If […]