SEC files letter with SDNY seeking leave for interlocutory appeal in Ripple Case
The Securities and Exchange Commission said Wednesday that it filed a letter with the Southern District of New York seeking leave for an interlocutory appeal of the summary judgement order in the Ripple Labs case.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
'The SEC seeks to certify the Court’s holding that Defendants’ 'Programmatic' offers and sales to XRP buyers over crypto asset trading platforms and Ripple’s 'Other Distributions' in exchange for labor and services did not involve the offer or sale of securities under SEC v. W.J. Howey Co., 328 U.S. 293 ," the regulator said in the letter.
The SEC proposed a briefing schedule to file its opening brief on Aug. 18, which is two days after the defendants’ response to the letter is due.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal judge suggests Q2 2024 trial for SEC case against Ripple execsFederal judge suggests Q2 2024 trial for SEC's case against Ripple and its execs. Details emerge on potential trial for CEO Brad Garlinghouse and co-founder Chris Larsen.
Read more »
Ripple CTO Comments on SEC’s List of ‘Crypto Securities’ – No XRP on ItThe CTO of Ripple, a builder of the XRPL, expresses satisfaction that XRP was not classified as a security on the SEC's list of cryptocurrencies. The SEC is contemplating appealing the recent ruling that deemed XRP sales on the secondary market as not securities.
Read more »
Ripple v. SEC Appeal Will Be Announced This Week, If It Happens: Pro-XRP LawyerLegal experts discuss the possibility of an appeal in the Ripple v. SEC case, with predictions that an announcement may be made this week. Ripple's CTO also comments on the SEC's list of 'Crypto Securities', noting that XRP is not included. Renowned legal figure Jeremy Hogan dismisses a fake SEC posting and suggests that if an interlocutory appeal is pursued, it could be filed in the coming week.
Read more »
Jury Trial Dates Set for Next Year in Long-Winded Ripple CaseThe court has announced plans to schedule a jury trial for the second quarter of next year in the Southern District of New York in the Securities and Exchange Commission's case against Ripple Labs.
Read more »
Ripple Partners with Centigrade to Disrupt Carbon MarketsBlockchain firm Ripple has teamed up with climate-focused technology provider Centigrade to revolutionize the carbon credit ecosystem. By providing essential data to sellers, buyers, and service providers, Ripple and Centigrade aim to deliver a crucial service to the carbon market.
Read more »
Ripple CTO Defends PayPal's New Stablecoin Security FeatureRipple's CTO David 'JoelKatz' Schwartz defends PayPal's launch of its own stablecoin, PayPal USD (PYUSD), and sheds light on its features amid debates around security and centralization.
Read more »