2024

<p>The post <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-sec-claims-ripple-is-wrong-heres-why/">Ripple Lawsuit Heats Up as SEC Delivers Harsh Response: What You Need to Know</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The ongoing legal battle between the <a href="https://coinpedia.org/news/ripple-vs-sec-update-secs-new-demand-in-ripple-lawsuit/">Securities and Exchange Commission (SEC)</a> and <a href="https://coinpedia.org/news/top-reasons-why-xrp-price-is-dropping/">Ripple</a> has taken a new twist, with disagreements on procedural matters and financial transparency. In response to Ripple’s recent objections, the SEC has strongly defended its stance. </p> 
<p>How is this going to shape the future of the battle? Read on to find out. </p> 
<h2 class="wp-block-heading" id="h-sec-s-firm-response">SEC’s Firm Response</h2> 
<p>In reply to Ripple’s claim of untimeliness, the SEC says such challenges are normal in securities law. They emphasize the importance of post-complaint facts for fair resolutions, countering Ripple’s belief that this information doesn’t affect court decisions.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> The SEC has filed its Reply in Further Support of its Motion to Compel.<a href="https://t.co/XsJkh6H6g8">https://t.co/XsJkh6H6g8</a></p>— James K. Filan 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ee-1f1ea.png" alt="🇮🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@FilanLaw) <a href="https://twitter.com/FilanLaw/status/1749980542924177500?ref_src=twsrc%5Etfw">January 24, 2024</a>
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<p>Regarding Ripple’s hesitation in sharing specific contracts in a new court <a href="https://www.dropbox.com/scl/fi/1l5fvym40feuy3b3axtys/SEC-Replyto-Ripple-Opposition-to-Motion-to-Compel.pdf?rlkey=4wwr6n8i26nraams4ug3egocd&amp;dl=0">hearing</a>, the SEC explains that these contracts are crucial for predicting if Ripple might break the rules again and ensuring they follow the court’s judgment.&nbsp;</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-heres-what-to-expect-next/">Ripple Vs. SEC Lawsuit: Latest Updates, Trends &amp; Expert Insights</a></p> 
<h2 class="wp-block-heading" id="h-challenging-ripple-s-claims">Challenging Ripple’s Claims</h2> 
<p>Raising concerns over Ripple’s argument that its finances don’t matter to the penalties it faces, the SEC cites past cases where a defendant’s wealth influenced punishment decisions. The SEC asserts its right to detailed information about Ripple’s finances and contracts for informed decision-making on fines and remedies.</p> 
<p>The legal battle started in December 2020 when the SEC accused Ripple of selling digital assets without proper registration. Ripple won a significant victory in July 2023 when a judge ruled <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-xrp-price-poised-for-500-rally-if-this-happens/">XRP</a> sales weren’t investment contracts. </p> 
<p>Yet, as the Q2 2024 jury trial approaches, the crucial question remains: Did Ripple’s leaders allow the sale of unregistered securities?</p> 
<h2 class="wp-block-heading" id="h-ripple-stands-firm-against-overregulation">Ripple Stands Firm Against Overregulation</h2> 
<p>Beyond the Ripple case, the trial impacts the broader cryptocurrency world. Now, all eyes are on February 12, 2024 which is the deadline for the discovery phase. </p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-lawsuit-against-gcc-exchange-reach-confidential-settlement-in-legal-dispute/">Ripple Lawsuit with GCC Exchange Reaches Confidential Settlement; What Next?</a></p> 
<p><strong>Ripple vs. SEC: A crypto clash for the ages. Where do you stand?</strong></p>

Ripple Lawsuit Heats Up as SEC Delivers Harsh Response: What You Need to Know

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