Ripple Labs submits connection complaint in the ongoing fight against the Sec
Ripple Labs submits connection complaint in the ongoing fight against the Sec
- Ripple Labs submitted his follow-up profession to the US Court of Appeal for the second district
- The company tries to contest a judge Analisa Torres of August 7th
- The case SEC against Ripple Labs goes back to 2020
ripple Labs has filed for the US stock exchange supervision SEC (Securities and Exchange Commission).
the Submission was submitted to the US Court of Appeal for the second district. Ripple tries to contest the judgment of August 7 against the company, in which judge Analisa Torres was sentenced to pay $ 125 million for violating securities laws.
"Today Ripple has submitted a connection complaint to make sure that nothing remains on the table, including the argument that there is no" investment contract "without being essential rights and obligations that are included in a contract," said Stuart Alderoty, chief lawyer Officer at Ripple, in a article on the X .
an ongoing case
In 2020, the SEC Ripple, Christian Larsen, the co -founder and former CEO of the company, and Brad Garlinghouse, the current CEO of ripple You claimed that you have collected $ 1.3 billion by selling XRP, a non-registered securities offer.
Alderoty continued: "Last year, the SEC tried unsuccessfully to make an early appointment against the judgments, according to which Ripple's XRP sales to stock exchanges and the other XRP distributions from Ripple, for example to employees and developers, are not sought again. You will probably lose them again."
On this topic Garlinghouse said:
"With our current after -school profession, we look forward to sealing the fate of the SEC and the agenda of the SEC to push the regulation through enforcement, finally to make an end. Ripple was the industry leader in the first round of court and we look forward to taking on a pioneering role in this round."
Source: Coinlist.me
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