Strike

April

Read

<ul> 
 <li>Ripple disputes SEC’s new expert materials in ongoing legal tussle.</li> 
 <li>A crypto enthusiast predicts Ripple’s stance against penalties exceeding <a href="https://cryptonewsland.com/the-10000-xrp-scenario-more-than-just-a-dream/">$10</a> million.</li> 
 <li>Ripple’s legal battle with SEC intensifies; community awaits court verdict.</li> 
</ul> 
<p>In the continuing saga between <a href="https://ripple.com/" target="_blank" rel="noreferrer noopener nofollow">Ripple Labs</a> and the U.S. Securities and Exchange Commission (SEC), Ripple has filed a motion to strike the SEC’s latest expert materials submitted in support of its Motion for Remedies and Entry of Final Judgment.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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> <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> has filed a Motion to Strike new expert materials the SEC submitted in support of its Motion for Remedies and Entry of Final Judgment.<a href="https://t.co/k8M84DxDiz">https://t.co/k8M84DxDiz</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/1782533529282269502?ref_src=twsrc%5Etfw">April 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>With the Ripple community closely watching, a crypto enthusiast weighed in, suggesting that Ripple’s opposition to the SEC’s motion indicates a stance against any penalty exceeding $10 million, deeming it unfair. Despite Ripple’s favorable outcomes in recent legal proceedings, concerning signs loom, according to the commentator.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/SECvsRipple?src=hash&amp;ref_src=twsrc%5Etfw">#SECvsRipple</a> <a href="https://twitter.com/hashtag/XRParmy?src=hash&amp;ref_src=twsrc%5Etfw">#XRParmy</a> <a href="https://twitter.com/hashtag/XRPLCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#XRPLCommunity</a> Here is my hot take on <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@ripple</a>'s opposition to remedies motion: TLDR is that anything greater than $10M total would be unfair and inappropriate. Ripple is in a great position to win this one but there are, unfortunately, ominous signs. 1/8</p>— Fred Rispoli (@freddyriz) <a href="https://twitter.com/freddyriz/status/1782592209981964741?ref_src=twsrc%5Etfw">April 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Highlighting Ripple’s operational adjustments in response to court rulings, the enthusiast pointed out the offshore relocation of significant operations to Singapore and the introduction of a stablecoin to facilitate U.S.-based transactions without XRP involvement. Additionally, Ripple’s declaration, notably from Monica Long, revealed strategic shifts in business practices.</p> 
<p>However, the enthusiast noted a potential ‘Round 2’ in the legal fray, as Ripple indicated that the <a href="https://www.sec.gov/" target="_blank" rel="noreferrer noopener nofollow">SEC</a> would need a fresh enforcement action for any new contractual disputes. Ripple also raised the DEBT Box case, adding an extra layer to the legal maneuvering.</p> 
<p>Amidst redactions and overlooked email addresses in court documents, the enthusiast speculated that Ripple’s ultimate penalty could fall below $25 million, challenging the SEC’s initial <a href="https://cryptonewsland.com/how-will-secs-2-billion-fine-impact-ripple-labs-and-xrp-investors/" target="_blank" rel="noreferrer noopener">demand of $2 billion</a>.</p> 
<p>As the <a href="https://cryptonewsland.com/ripple-clo-clears-growing-confusion-surrounding-ripple-vs-sec-lawsuit/" target="_blank" rel="noreferrer noopener">legal drama unfolds</a>, both sides brace for further confrontation, with Ripple’s fate hanging in the balance. The Ripple community anxiously anticipates the court’s verdict, expecting a resolution to the protracted legal battle.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/vechainthor-revolutionizes-sustainability-with-2d-materials-and-blockchain/">VeChainThor Revolutionizes Sustainability with 2D Materials and Blockchain</a></li>
 <li><a href="https://cryptonewsland.com/axie-makes-long-awaited-move-evolve-axies-on-axie-app-now/">Axie Makes Long-Awaited Move, Evolve Axies on Axie App Now</a></li>
 <li><a href="https://cryptonewsland.com/looking-glass-labs-engages-blockchain-pr-firm-marketacross-to-elevate-house-of-kibaas-marketing-initiatives/">Looking Glass Labs Engages Blockchain PR Firm MarketAcross to Elevate House of Kibaa’s Marketing Initiatives</a></li>
 <li><a href="https://cryptonewsland.com/ripple-faces-secs-intensified-scrutiny-with-latest-appeal-market-price-stays-steady-and-strong/">Ripple Faces SEC’s Intensified Scrutiny with Latest Appeal, Market Price Stays Steady and Strong</a></li>
 <li><a href="https://cryptonewsland.com/ripple-and-sec-battle-outline-resounding-conclusion-await-verdict/">Ripple and SEC Battle Outline Resounding Conclusion, Await Verdict</a></li>
</ul>  
<p>The post <a href="https://cryptonewsland.com/ripple-challenges-secs-new-expert-materials-in-ongoing-legal-battle/">Ripple Challenges SEC’s New Expert Materials in Ongoing Legal Battle</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple Challenges SEC’s New Expert Materials in Ongoing Legal Battle

Crypto News Land

Other articles published on Apr 23, 2024

Is Bitcoin Price Going to Drop More After Monday?

Meme frenzy is still on, this trader hits $2 Mln profits with BOME, SLERF

Venezuela Adopts Crypto for Oil Exports Amid US Sanctions

Quantum Resistant Ledger (QRL) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin Eyes Parabolic Uptrend Post-Halving; Render Rival Experiences Growing Investments

Top Crypto Gainers Today Apr 23 – WEMIX, Gnosis, Kaspa, Akash Network

Join our free newsletter for daily crypto updates!