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> 
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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> <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>
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<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> 
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   <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>
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<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> 
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<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

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