BREAKING: Ripple executives have failed to convince the judge to dismiss the lawsuit
Ripple CEO Brad Garlinghouse's and co-founder Chris Larsen's twin motions to dismiss the lawsuit that was brought against them by the U.S. Securities and Exchange Commission in December 2020, delivering a blow to the individual defendants.The court finds that the agency has plausibly alleged that Garlinghouse and Larsen recklessly disregarded the facts"that allegedly made Ripple's XRP amount to the unregistered sale of securities.
As reported by U.Today, the SEC filed the motion last April and later added several letters of supplemental authority in order to bolster it. The court"shall not conclude" that Ripple's affirmative defense is invalid at this stage of the case. The judge argues that the agency will not suffer"undue prejudice" as a result of the continuation of the defense.on the decision to shoot down the SEC's motion to strike, claiming that there's a"serious question" whether the agency whether provided the company with fair notice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Texas A&M knocks off No. 4 Auburn to advance to SEC Tournament semifinalsThe Aggies will face the winner of No. 4 seed Arkansas vs. No.5 seed LSU in Saturday's...
Leer más »
No Bitcoin ETF Yet as SEC Rejects NYDIG and Global X ProposalsThe US Securities and Exchange Commission has rejected two more proposals for a Bitcoin ETF.
Leer más »
Is The SEC Ready To Concede Over Musk's Tweets?This article describes resolution of board oversight of Tesla CEO Elon Musk's tweets and the possible return of millions to investors.
Leer más »
SEC Rejects NYDIG, Global X Spot Bitcoin ETF Applications.SECGov has rejected two more applications for spot Bitcoin ETFs, one from NYDIG_BTC and another from GlobalXETFs. mikeybellusci reports
Leer más »
SEC shoots down spot bitcoin ETF proposals from NYDIG, Global XThe Securities and Exchange Commission has shot down two spot bitcoin exchange-traded fund proposals, continuing a trend of rejections from the US securities market regulator.
Leer más »
Alabama drops SEC Tournament opener against Vanderbilt - Alabama NewsThe Alabama men’s basketball team fell to Vanderbilt, 82-76.
Leer más »