{"id":157837,"date":"2023-09-18T14:14:38","date_gmt":"2023-09-18T08:44:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=157837"},"modified":"2023-09-18T14:14:38","modified_gmt":"2023-09-18T08:44:38","slug":"ripple-v-sec-lawsuit-update-sep-18-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-v-sec-lawsuit-update-sep-18-crypto-news\/","title":{"rendered":"Ripple v SEC Lawsuit Update Sep. 18 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">The lawsuit between Ripple and America\u2019s securities regulator \u2013 the US SEC \u2013 is undoubtedly one of the trendiest topics in the cryptocurrency space. The legal battle started in 2020 when the watchdog accused the former and its management team of breaching laws and using the alleged unregistered security XRP to raise funds.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since then, both parties have fired shots at each other, with Ripple currently having the upper hand. In the following lines, we will observe what exactly happened in the last few months.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The crypto company\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/xrp-price-explodes-16-as-judge-rules-in-favor-of-ripple-in-sec-case\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">secured<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0a massive victory in mid-July when a US Judge ruled that most of its XRP sales did not constitute an offer of unregistered securities. This resulted in an overall excitement in the entire digital asset sector.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The partial win has also positively affected the price of Ripple\u2019s native token, XRP, which skyrocketed shortly after the magistrates\u2019 decision.\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"BREAKING: XRP PRICE EXPLODES as RIPPLE WINS HUGE VICTORY AGAINST SEC | CRYPTO WIN!\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/pUTDJAy0Kxs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">However, the US SEC was unhappy, to say the least, with the ruling and formally\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/the-regulator-strikes-back-sec-files-to-appeal-ripples-partial-court-victory\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">appealed<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0it several days ago. Its disagreement touches upon two particular sales \u2013 \u201cprogrammatic\u201d (which were offered to public buyers) and such classified by the court as \u201cother distributions.\u201d Judge Torres has already determined that the former did not violate securities laws.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ongoing uncertainty regarding the outcome of the case has prompted Ripple to shift its attention towards other countries. Not long ago, CEO Brad Garlinghouse\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-v-sec-lawsuit-aftermath-company-to-increase-headcount-outside-of-us\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that the majority of new company employees will be based in nations like Singapore, Hong Kong, Dubai, and the UK instead of its homeland.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ripple\u2019s President Monica Long also spoke on the ongoing battle between the two entities,\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripples-president-makes-important-announcement-as-xrp-security-case-v-sec-rages-on\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">assuring<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that her firm is ready to fight until the very end:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cWe are planning to continue to fight the case all the way through.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Subsequently, she outlined the importance of the court\u2019s decision, saying it will enable Ripple to expand across the globe:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cWe also got clarity in that lawsuit. And the judge\u2019s order in that case said very clearly XRP in and of itself is not a security, which kind of opens the doors to us to really expand our business \u2013 not just in the US but even more globally.\u201d<\/span><\/p>\n<\/blockquote>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The lawsuit between Ripple and America\u2019s securities regulator \u2013 the US SEC \u2013 is undoubtedly one of the trendiest topics in the cryptocurrency space. The legal battle started in 2020 when the watchdog accused the former and its management team of breaching laws and using the alleged unregistered security XRP to raise funds. Since then, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":157838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-157837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157837"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157837\/revisions"}],"predecessor-version":[{"id":157840,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157837\/revisions\/157840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157838"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}