Ripple CEO slams SEC for weaponizing XRP reports in lawsuit

2023-8-3 17:23

Ripple CEO Brad Garlinghouse says the SEC took Ripple’s transparency reports and used them against the company. The SEC sued Ripple over its XRP sales in December 2020, alleging the sales amounted to securities contracts. A court decision recently declared XRP not a security.

In Ripple news today, CEO Brad Garlinghouse has slammed the US Securities and Exchange Commission (SEC) over its apparent weaponization of what’s been “good-faith” transparency reports on XRP.

Acccoridng to him, the SEC took the regular reports and used their details in its lawsuit against the company and its top executives. Garlinghouse, who was also sued by the SEC in December 2020, however, reiterated Ripple’s commitment to transparency.

“We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward,” he said.

Ripple’s XRP markets reports

Garlinghouse’s remarks followed Ripple’s release of its Q2, 2023 XRP Markets Report, with the company noting the different approach taken. With previous editions, Ripple has focused on multiple XRP ecosystem developments, including market insights and quarterly sales.

We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward https://t.co/oANR6WCG09

— Brad Garlinghouse (@bgarlinghouse) August 2, 2023

“While published in a good faith effort at transparency, these quarterly reports have been weaponized against the Company by the SEC. Ironic for an agency that touts transparency and disclosure. Accordingly, Ripple is re-evaluating the role and contents of this report going forward and will have updates on that front in Q3 2023,” Team Ripple wrote in its report published July 31.

The change in approach already saw the Q2 report focus on the July 13, 2023 court ruling on XRP, including details “debunking misconceptions” about the ruling being a split decision and that the court deemed some sales of XRP as securities and others not.

The post Ripple CEO slams SEC for weaponizing XRP reports in lawsuit appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5204 (+0.24%)
Объем 24H $1.096b
Изменеия 24h: 3.65 %, 7d: -0.87 %
Cегодня L: $0.5109 - H: $0.5212
Капитализация $29.596b Rank 7
Цена в час новости $ 0.6856 (-24.1%)

ripple sec reports xrp ceo sales company

Источник: coinjournal.net

ripple sec → Результатов: 126


Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling

Stuart Alderoty, Ripple’s chief legal officer, said “the SEC can’t submit new evidence or ask us to produce more” Ripple’s Form C requests that each issue is subjected to a de novo standard of review Ripple’s cross-appeal follows a week after the SEC filed its cross-appeal against a previous ruling that partially favored Ripple Ripple […] The post Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling appeared first on CoinJournal.

2024-10-26 15:27


Глава Ripple о новой апелляции SEC: «Будем бороться столько, сколько потребуется»

Комиссия по ценным бумагам и биржам США (SEC) подала апелляцию на решение суда по делу против Ripple, что вызвало резкую реакцию руководства компании. Глава Ripple Брэд Гарлингхаус (Brad Garlinghouse) заявил о готовности продолжать борьбу в суде.

2024-10-3 09:10


Why Ripple May Never Deliver Substantial Profit Despite a Win Against SEC: XRP Bulls Eye This 30% Short-Term Move

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been a long and arduous one, with both sides presenting their arguments in court. As the case nears its conclusion, many in the XRP community are speculating about the potential impact a favorable ruling for Ripple could have on the price […] The post Why Ripple May Never Deliver Substantial Profit Despite a Win Against SEC: XRP Bulls Eye This 30% Short-Term Move appeared first on CaptainAltcoin.

2024-5-4 21:45


Фото:

Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement

Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy. Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned: “Who are they protecting in this journey?” The CEO […] The post Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement appeared first on CryptoSlate.

2023-11-12 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

21Shares files S-1 application for an XRP ETF

Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov.