Ripple's lawsuit against the second comes to an end, as sources reveal
Ripple's lawsuit against the second comes to an end, as sources reveal
- After over a year of legal tensions, sources reveal that the legal dispute between Ripple and the SEC comes to an end.
- After the agreement, the price of XRP could increase and the adoption rate could increase.
After all, the claim between Ripple and the Securities and Exchange Commission (Sec) has ended, as sources reveal. After a complaint about one -year lawsuit, Ripple could experience a fresh breeze without the eyes of the SEC being directed at the company. With the matter, familiar sources announced that the company and the Sec report reported a comparison agreement. One of the sources added that an official announcement regarding the agreement would take place next week.
The legal dispute between ripple and sec
An anonymous user wrote on Twitter:
Has anyone else heard that rumor? Completed. All employees in the SEC vs. Ripple case have been re -assigned. A week until the news in public.
In addition, the Twitter user added that the Commission is currently hiring to pursue illegal currencies. The tweet has caused many reactions because many were looking forward to the end of the protracted legal dispute between the Sec and Ripple. The founder of the Bitboy Crypto YouTube Canal, Ben Armstrong, also reacted to the information. Like many ripple fans, the crypto investor hopes that the rumors are true. He comments :
I can confirm 100% that I pray that this is true. Have included my night prayers since October 1st.
Before rumors of Ripple's lawsuit and the SEC came into the spotlight, Ripple CEO Brad Garlinghouse had spoken to the Sec about other cases. Garlinghouse quoted the second chairman Gary Gensler and said that the authority expects to lose some cases.
At this point it was not certain whether Gary Gensler referred to the SEC case against Ripple, although it seemed to have been related.
** sec 🆚 wave **
"Gary Gensler commented - Hey, we will lose some cases ..." - Brad Garlinghouse
👉 https://t.co/icqxjnir8e #xrp #fintech @ripple https://hfgmffeun pic.twitter.com/swxg28gvu5
- xrp_Cro (@stedas) 4. March 2022
Ripple's lawsuit against the Sec was widely pursued because of its precedent character, whereby the Sec wanted to put an example on Ripple. First and foremost, Ripple wanted to defend his interests and those of the blockchain user who benefit from the network. Most XRP holders want the lawsuit to be terminated so that XRP is again noted on the US exchanges for digital assets.
Updates for the lawsuit of Ripple vs. Sec
Before that Ripple and the SEC had an arbitration process months ago that did not end in favor of both parties. Attorney Jeremy Hogan, a partner of the Hogan & Hogan law firm, said documents from which show that there will be a one -hour comparison discussion between the Sec and Ripple. The discussion was scheduled 14 days after the factual determination.
The hopes are great that the new negotiations of Ripple and the Sec could lead to a positive result. Judge Sarah Netburn saw all the relevant documents for the case behind the scenes. The documents include Garlinghouse's discussions with selected representatives of the SEC, documents, against the publication of which the SEC had originally raised objections, as well as the speech of Hinman from 2018. Jeremy Hogan said:
Yes, a one -hour comparison discussion took place a few months ago. There was no agreement, which means that the next probable time of the agreement would be the arbitration ..., which is moderated by the only judge Netburn, which has seen all documents to the exclusion of the public.
Several evidence indicates that Ripple did not broke any securities laws during the XRP offer. The hopes are great that the SEC would make a comparison with Ripple.
An anonymous user wrote on Twitter:
Has anyone else heard that rumor? Completed. All employees in the SEC vs. Ripple case have been re -assigned. A week until the news in public.
In addition, the Twitter user added that the Commission is currently hiring to pursue illegal currencies. The tweet has caused many reactions because many were looking forward to the end of the protracted legal dispute between the Sec and Ripple. The founder of the Bitboy Crypto YouTube Canal, Ben Armstrong, also reacted to the information. Like many ripple fans, the crypto investor hopes that the rumors are true. He
I can confirm 100% that I pray that this is true. Have included my night prayers since October 1st.
Before rumors of Ripple's lawsuit and the SEC came into the spotlight, Ripple CEO Brad Garlinghouse had spoken to the Sec about other cases. Garlinghouse quoted the second chairman Gary Gensler and said that the authority expects to lose some cases.
At this point it was not certain whether Gary Gensler referred to the SEC case against Ripple, although it seemed to have been related.
** sec 🆚 wave **
"Gary Gensler commented - Hey, we will lose some cases ..." - Brad Garlinghouse
👉 https://t.co/icqxjnir8e #xrp #fintech @ripple https://hfgmffeun pic.twitter.com/swxg28gvu5
- xrp_Cro (@stedas) 4. March 2022
Ripple's lawsuit against the Sec was widely pursued because of its precedent character, whereby the Sec wanted to put an example on Ripple. First and foremost, Ripple wanted to defend his interests and those of the blockchain user who benefit from the network. Most XRP holders want the lawsuit to be terminated so that XRP is again noted on the US exchanges for digital assets.
Updates for the lawsuit of Ripple vs. Sec
Before that Ripple and the SEC had an arbitration process months ago that did not end in favor of both parties. Attorney Jeremy Hogan, a partner of the Hogan & Hogan law firm, said documents from which show that there will be a one -hour comparison discussion between the Sec and Ripple. The discussion was scheduled 14 days after the factual determination.
The hopes are great that the new negotiations of Ripple and the Sec could lead to a positive result. Judge Sarah Netburn saw all the relevant documents for the case behind the scenes. The documents include Garlinghouse's discussions with selected representatives of the SEC, documents, against the publication of which the SEC had originally raised objections, as well as the speech of Hinman from 2018. Jeremy Hogan said:
Yes, a one -hour comparison discussion took place a few months ago. There was no agreement, which means that the next probable time of the agreement would be the arbitration ..., which is moderated by the only judge Netburn, which has seen all documents to the exclusion of the public.
Several evidence indicates that Ripple did not broke any securities laws during the XRP offer. The hopes are great that the SEC would make a comparison with Ripple.
Source: Crypto-news-flash.com
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