Crypto exchanges can safely list XRP, reportedly implies SEC’s lawyer

2021-3-22 00:44

The US Securities and Exchange Commission’s (SEC) lawyers have indirectly stated that cryptocurrency exchanges are not violating any guidelines by allowing Ripple’s XRP trading on their platforms, attorney Jeremy Hogan revealed yesterday.

During a court hearing that Hogan attended, Magistrate Judge Sarah Netburn made a remark to the SEC’s attorney that, based upon his theory, everyone who sold XRP has consequently sold illegal securities by extension. However, the regulator’s lawyer reportedly pointed out that this is not the case.

“And this is what the SEC’s lawyers said on the record: he said ‘No, under section 4, only Ripple and affiliates of Ripple can have sold XRP illegally’,” Hogan cited the lawyer, adding, “Now, why is that super important? That means that the exchanges that delisted XRP two months ago were not and would not be violating securities laws if they relisted XRP for sale and began to sell it again.”

As promised, stayed up late to shoot the video on today's bombshell dropping discovery hearing. Enjoy and I am going to sleep!  https://t.co/CcEQoM0TKe

— Jeremy Hogan (@attorneyjeremy) March 20, 2021

As CryptoSlate reported, the SEC has filed last December a $1.3 billion lawsuit against Ripple Labs—the company behind XRP—and its executives Brad Garlinghouse and Chris Larsen. In its lawsuit, the regulator alleged that XRP tokens could potentially be deemed unregistered securities making their sales illegal.

Thus, the SEC alleged that since 2013, Ripple and its execs have illegally earned over $600 million by selling XRP. Following the news, XRP’s price plummeted while numerous crypto exchanges, including Coinbase, Crypto.com, eToro, and others, suspended the trading of XRP or outright delisted it. Additionally, digital assets investment giant Grayscale dissolved its XRP trust amid legal woes.

However, these companies might have acted too hastily, according to Hogan.

“I wonder if there are perhaps a slew of no-action letter requests coming or already received by the SEC, and if so, I wonder if we will see XRP for sale in the US once again. I hope so,” Hogan concluded.

The post Crypto exchanges can safely list XRP, reportedly implies SEC’s lawyer appeared first on CryptoSlate.

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Ripple (XRP) на Currencies.ru

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Объем 24H $12.096b
Изменеия 24h: 0.04 %, 7d: -5.77 %
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sec xrp exchanges allowing ripple guidelines any

Источник: cryptoslate.com

sec xrp → Результатов: 126


Новости Ripple: может ли SEC остановить XRP ETF?

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2024-10-11 09:19


Ripple legal chief refutes immediate SEC right to appeal pivotal XRP ruling

Ripple (XRP) chief legal officer Stuart Alderoty said the U.S. Securities and Exchange Commission (SEC) does not have the right to appeal the XRP ruling yet, according to an Aug. 10 tweet. Alderoty made this statement in response to a letter sent by the SEC outlining its intention to file a motion asking the Court […] The post Ripple legal chief refutes immediate SEC right to appeal pivotal XRP ruling appeared first on CryptoSlate.

2023-8-10 14:22


SEC обжалует решение суда в пользу Ripple XRP

Комиссия по ценным бумагам и биржам США (SEC) подала апелляцию на решение суда, согласно которому токен XRP компании Ripple Labs не является ценной бумагой. SEC утверждает, что суд ошибся в своем толковании законов о ценных бумагах и применил неправильный критерий для определения статуса XRP.

2023-7-22 10:22


Фото:

Суд отклонил запрос Ripple на получение данных о транзакциях сотрудников SEC с использованием XRP

Суд Южного округа Нью-Йорка отклонил ходатайство Ripple о предоставлении информации, касающейся криптовалютных транзакций с использованием XRP, которые могли быть совершены сотрудниками SEC.

2021-9-22 10:59


Фото:

SEC жалуется на угрозы со стороны владельцев XRP

Комиссия по ценным бумагам и биржам США (SEC) подала в суд очередное ходатайство, чтобы предотвратить присоединение держателей токена XRP к ее разбирательству с финтех-компанией Ripple. По утверждению ведомства такие инвесторы не могут присоединиться к делу в качестве «друзей суда», так как они «слишком разобщены», а их интересы совпадают с интересами ответчиков.

2021-5-18 13:20


Держатели XRP угрожают SEC

Комиссия по ценным бумагам и биржам США (SEC) подала в суд очередное ходатайство, чтобы предотвратить присоединение держателей токена XRP к ее разбирательству с финтех-компанией Ripple. По утверждению ведомства такие инвесторы не могут присоединиться к делу в качестве «друзей суда», так как они «слишком разобщены», а их интересы совпадают с интересами ответчиков. SEC упоминает два случая […]

2021-5-18 11:38


SEC может возбудить производство в отношении инвесторов на вторичном рынке XRP

Комиссия по ценным бумагам и биржам США (SEC) намерена помешать присоединению инвесторов к ее разбирательству с финтех-компанией Ripple. Ранее SEC обвинила Ripple в продаже незарегистрированных ценных бумаг в форме токена XRP на $1,3 млрд, а инвесторы в суде добились разрешения присоединиться к делу для отстаивания своих интересов.

2021-5-4 14:04


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