general

Ripple cites memos from 2012 to support its case against the SEC

Ripple cites memos from 2012 to support its case against the SEC

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Ripple cites memos from 2012 to support its case against the SEC

In a statement from Fox Business, Ripple General Counsel Stewart Alderoty stated that two documents from 2012 show that the cryptocurrency XRP has not been viewed as an unregistered security.

Aldrotti explained:

It is baffling that it took so long for the US Securities and Exchange Commission to express its inconsistency and opposition to this legal analysis.

We look forward to public access and sharing of these documents as we continue to vigorously advocate for this cause.

In 2012, Ripple co-founder Chris Larsen, named as one of the defendants in the SEC lawsuit against him and Ripple, sought legal advice about controversial cryptocurrencies during the company’s first year in existence.

Read:Bitcoin fell to its lowest level since 2021, and most of the alternative digital currencies were affected

The two memos were issued by an undisclosed law firm.

While the SEC asserts that Ripple was well aware of the fact that XRP is an unregistered security and deliberately chose to violate the law.

US District Judge Annalisa Torres dealt a blow to the defendants by issuing a court order to release the relevant notes yesterday, February 17th.

The defendants struggled hard to keep the documents in question sealed, arguing that they contained sensitive information.

While either side can gain significant support from making documents available to the public.

If Ripple turns out to be on the right side, it will surely strengthen its pivotal defense of fair notice and conduct toward the company.

And if the documents show that Ripple intentionally decided to violate the agency’s laws, it would be a major blow to its case against the SEC.

Read also:

Read:It’s Official: Bitcoin Network Welcomes Taproot Upgrade…Details Here

Bitcoin drops below $41,000 as tensions between Russia and Ukraine affect most markets

PayPal announces a new policy setting the financial ceiling for some NFT transactions



And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
SelfWealth announces it is the first brokerage to offer crypto services to Australians
Next post
Find out how much the digital yuan is used daily at the Beijing Olympics