Redacted

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<ul> 
 <li>The SEC reveals its Redacted Remedies Reply Brief and supporting exhibits.</li> 
 <li>Ripple CLO breaks down the implications and makes a response for public understanding.</li> 
 <li>Judge will make the final verdict soon, finally ending the long-fought legal battle.</li> 
</ul> 
<p>The latest update to the Ripple vs SEC narrative comes in the form of the SEC filing its <a href="https://www.dropbox.com/scl/fi/uvoe3wqksdkvhdg1xrbqz/SEC-Redacted-Remedies-Reply-Brief.pdf?rlkey=4bpb3rnm6le549e12gizhcypf&amp;e=1&amp;dl=0" target="_blank" rel="noreferrer noopener nofollow">Redacted Remedies Reply Brief</a> and supporting exhibits. After analyzing the document the <a href="https://cryptonewsland.com/ripple-vs-sec-ripple-clo-alderoty-addresses-misconceptions-in-sec-lawsuit/" target="_blank" rel="noreferrer noopener">Chief Legal Officer (CLO) of Ripple, Stuart Alderoty</a> makes his comments.</p> 
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   <p lang="en" dir="ltr">More of the same from the SEC — failing to faithfully apply the law and trying to pull the wool over the Judge’s eyes. The good news is that we are closer than ever to putting this lawsuit behind us, though unfortunately, many are just starting the journey. We trust the Court… <a href="https://t.co/JGhxAtOuk1">https://t.co/JGhxAtOuk1</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1787985041043386531?ref_src=twsrc%5Etfw">May 7, 2024</a>
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<p>In detail, Alderoty goes on to dismantle the filing and accuses the regulatory body of overreach and misinterpreting facts. He says it’s <a href="https://cryptonewsland.com/ripple-clo-clears-growing-confusion-surrounding-ripple-vs-sec-lawsuit/" target="_blank" rel="noreferrer noopener">more of the same behaviour</a> from the entity where it tries to trick the authorities instead of following the law.</p> 
<p>Furthermore, Alderoty took aim at the SEC’s attitude towards international financial regulators, accusing the agency of disrespect and undermining their efforts in regulating cryptocurrencies. He highlighted the SEC’s disregard for established regulatory frameworks outside the US, portraying it as a hindrance to global cooperation in the crypto space.</p> 
<p>To highlight, the SEC’s filing argues for significant penalties against Ripple, citing the need for deterrence. The agency contends that lesser penalties, such as those imposed in previous cases, would be insufficient to prevent similar misconduct in the future.</p> 
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   <p lang="en" dir="ltr">TLDR: SEC thinks other penalties like against Citibank and other cases shouldn't minimize Ripple's penalty, if they got less than <a href="https://cryptonewsland.com/the-10000-xrp-scenario-more-than-just-a-dream/">$10</a> mil it would be like a slap on the wrist and not deter others from doing the same. Hilariously too, they included an exhibit screenshot of the USD…</p>— Don Manning (@DonManning1) <a href="https://twitter.com/DonManning1/status/1787985740363706851?ref_src=twsrc%5Etfw">May 7, 2024</a>
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<p>Yet, despite the challenges posed by the SEC’s reply, Alderoty shows optimism, noting that Ripple is closer than ever to putting this harrowing legal ordeal behind them. He then emphasizes Ripple’s commitment to transparency and expresses confidence in the company’s position.&nbsp;</p> 
<p>In turn, his remarks have fueled anticipation from the XRP Army and the broader crypto community who await the fate of the project and its asset XRP. As the legal proceedings continue, both Ripple and the <a href="https://www.sec.gov/" target="_blank" rel="noreferrer noopener nofollow">SEC</a> await the final judgment, signaling that the resolution of the case may be imminent.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING RIPPLE VS. SEC NEWS: <br><br>The SEC has filed its redacted remedies reply brief &amp; supporting exhibits. <br><br>„For these reasons, the Court should enter the Proposed Final Judgment as a Final Judgment.“<br><br>Final judgement on the way! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2696.png" alt="⚖" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> <a href="https://t.co/wWkQCbq4mA">https://t.co/wWkQCbq4mA</a> <a href="https://t.co/tIhiL2gw47">pic.twitter.com/tIhiL2gw47</a></p>— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) <a href="https://twitter.com/_Crypto_Barbie/status/1787987471826931948?ref_src=twsrc%5Etfw">May 7, 2024</a>
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<p>The outcome of the lawsuit holds considerable significance for the crypto industry, with stakeholders closely monitoring developments in anticipation of a final verdict. Lastly, teh crypto and <a href="https://cryptonewsland.com/xrp-community-awaits-judges-judgment/">XRP community</a> eagerly await the judge’s final verdict.</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/xrp-approaches-a-penultimate-close-in-showdown-against-the-sec/">XRP Approaches a Penultimate Close In Showdown Against the SEC</a></li>
 <li><a href="https://cryptonewsland.com/sec-vs-ripple-case-escalates-tight-seal-on-documents-public-await-redacted-version/">SEC vs. Ripple Case Escalates: Tight Seal on Documents, Public Await Redacted Version</a></li>
 <li><a href="https://cryptonewsland.com/sec-replies-to-coinbase-suit-says-it-will-continue-policing-without-rules/">SEC Replies to Coinbase Suit, Says It Will Continue Policing Without Rules</a></li>
 <li><a href="https://cryptonewsland.com/media-houses-to-doxx-information-of-over-1m-ftx-customers/">Media Houses to DOXX Information of Over 1M FTX Customers</a></li>
 <li><a href="https://cryptonewsland.com/xrp-verdict-cannot-be-reversed-says-lead-ripple-lawyer/">XRP Verdict Cannot Be Reversed Says Lead Ripple Lawyer</a></li>
</ul>   
<p>The post <a href="https://cryptonewsland.com/ripple-vs-sec-reaches-penultimate-showdown-following-the-secs-redacted-reply-reveal-final-verdict-on-the-horizon/">Ripple vs SEC Reaches Penultimate Showdown Following the SEC’s Redacted Reply Reveal, Final Verdict on the Horizon</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple vs SEC Reaches Penultimate Showdown Following the SEC’s Redacted Reply Reveal, Final Verdict on the Horizon

Crypto News Land

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