By Aislinn Keely. (Law360). September 4, 2024. Law360 (September 4, 2024, 9:34 PM EDT) — A New York federal judge on Wednesday signed off on Ripple Labs’ request to hold off on paying the U.S. Securities and Exchange Commission the $125 million penalty it owes to allow time for either side to appeal the landmark […]
By Eleanor Terrett. (Fox Business). July 16, 2024. John Deaton’s relentless support of Ripple’s battle with securities regulators is paying off. The crypto firm is betting big on the Republican lawyer to defeat Massachusetts Sen. Elizabeth Warren in the battle for her U.S. Senate seat, FOX Business was first to report. According to public Federal Election Commission […]
By Casey Wagner. (Blockworks). January 25, 2024. The court has handed down its summary judgment and dropped the remaining charges in the case between the Securities and Exchange Commission and Ripple Labs. Despite these developments, the years-long legal battle is far from over. Ripple and the SEC continued to spar this week over one of […]
By Aislinn Keely. (Law360). October 27, 2023. The U.S. Securities and Exchange Commission called off a looming trial against executives of blockchain firm Ripple this month after counsel at Cleary and Paul Weiss made clear their clients were eager to have their day in court and intended to force the SEC to face a record […]
Business Wire. October 19, 2023. Ripple, the leader in enterprise blockchain and crypto solutions, announced today that CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all claims brought against them by the U.S. Securities and Exchange Commission (SEC). The SEC voted to dismiss charges with prejudice – a stunning capitulation by the […]
By Nikhilesh De. (CoinDesk). October 4, 2023. A federal judge has rejected the U.S. Securities and Exchange Commission’s bid to appeal its ground-shaking loss against Ripple, the crypto company associated with the XRP token. XRP’s price rallied about 5% on the news. District Judge Analisa Torres said in a brief ruling Tuesday that the SEC had failed […]
By CNBC. September 27, 2023. Jennifer Schulp, the director of financial regulation studies at the Cato Institute’s Center for Monetary and Financial Alternatives, who testified before lawmakers a few weeks after FTX filed for bankruptcy, weighs in on crypto regulatory developments in the U.S. She also discusses the impact of the recent Grayscale and Ripple […]
By Martin Young. (Be In Crypto). August 17, 2023. Ripple Refutes SEC Review Ripple chief legal officer Stuart Alderoty said: “There is no extraordinary circumstance here that would justify departing from the rule requiring all issues as to all parties to be resolved before an appeal.” An interlocutory appeal occurs when a ruling by a trial […]
By John Deaton. July 17, 2023. (Bloomberg Law). The SEC should take a federal judge’s rejection of its claim that all XRP sales are unregistered securities transactions as evidence it needs to change its regulatory approach to cryptocurrencies, says attorney John Deaton. US District Judge Analisa Torres of the Southern District of New York issued […]
By Jody Godoy. July 13, 2023. (Reuters). Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, delivering a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. XRP was up 25% after the ruling, according to […]
