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SEC vs. Ripple Motion for Summary Judgment Reading

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Manage episode 342204763 series 1129833
Content provided by AttorneySteve. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AttorneySteve or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Attorney Steve® Crypto Lawyer - SEC vs. RippleOn December 22, 2020, the U.S. Securities and Exchange Commission (SEC) filed a motion for summary judgment against Ripple Labs Inc. and two of its executives, alleging that they had raised over $1.3 billion through an unregistered securities offering. The SEC's complaint alleges that Ripple's sales of digital tokens, known as XRP, constituted an "investment contract" under U.S. securities laws, and that Ripple violated these laws by failing to register the offering with the SEC. In its motion for summary judgment, the SEC argues that there is no genuine dispute of fact that Ripple's XRP tokens are securities, and that Ripple is therefore liable for violating the securities laws. A hearing on the motion is scheduled for December, 2022.

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Manage episode 342204763 series 1129833
Content provided by AttorneySteve. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AttorneySteve or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Attorney Steve® Crypto Lawyer - SEC vs. RippleOn December 22, 2020, the U.S. Securities and Exchange Commission (SEC) filed a motion for summary judgment against Ripple Labs Inc. and two of its executives, alleging that they had raised over $1.3 billion through an unregistered securities offering. The SEC's complaint alleges that Ripple's sales of digital tokens, known as XRP, constituted an "investment contract" under U.S. securities laws, and that Ripple violated these laws by failing to register the offering with the SEC. In its motion for summary judgment, the SEC argues that there is no genuine dispute of fact that Ripple's XRP tokens are securities, and that Ripple is therefore liable for violating the securities laws. A hearing on the motion is scheduled for December, 2022.

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