Ripple CEO slams SEC for weaponizing XRP reports in lawsuit

2023-8-3 17:23

Ripple CEO Brad Garlinghouse says the SEC took Ripple’s transparency reports and used them against the company. The SEC sued Ripple over its XRP sales in December 2020, alleging the sales amounted to securities contracts. A court decision recently declared XRP not a security.

In Ripple news today, CEO Brad Garlinghouse has slammed the US Securities and Exchange Commission (SEC) over its apparent weaponization of what’s been “good-faith” transparency reports on XRP.

Acccoridng to him, the SEC took the regular reports and used their details in its lawsuit against the company and its top executives. Garlinghouse, who was also sued by the SEC in December 2020, however, reiterated Ripple’s commitment to transparency.

“We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward,” he said.

Ripple’s XRP markets reports

Garlinghouse’s remarks followed Ripple’s release of its Q2, 2023 XRP Markets Report, with the company noting the different approach taken. With previous editions, Ripple has focused on multiple XRP ecosystem developments, including market insights and quarterly sales.

We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward https://t.co/oANR6WCG09

— Brad Garlinghouse (@bgarlinghouse) August 2, 2023

“While published in a good faith effort at transparency, these quarterly reports have been weaponized against the Company by the SEC. Ironic for an agency that touts transparency and disclosure. Accordingly, Ripple is re-evaluating the role and contents of this report going forward and will have updates on that front in Q3 2023,” Team Ripple wrote in its report published July 31.

The change in approach already saw the Q2 report focus on the July 13, 2023 court ruling on XRP, including details “debunking misconceptions” about the ruling being a split decision and that the court deemed some sales of XRP as securities and others not.

The post Ripple CEO slams SEC for weaponizing XRP reports in lawsuit appeared first on CoinJournal.

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ripple sec reports xrp ceo sales company

Источник: coinjournal.net

ripple sec → Результатов: 126


Ripple отзывает встречную апелляцию и получит $75 млн компенсации от SEC

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Фото:

SEC to hold key meeting today: will Ripple finally reach a settlement?

The cryptocurrency market is on edge as the US Securities and Exchange Commission (SEC) prepares for a crucial closed-door meeting today, February 13, 2025. While the session falls under the Sunshine Act, meaning discussions remain private, speculation is rife about its potential implications for Ripple and the wider digital asset sector. With XRP’s price movements […]

2025-2-13 07:51


Джон Рид Старк: Суд ошибся с делом Ripple

В преддверии слушаний по делу американской компании Ripple, которые должны состояться 15 января 2025 года, бывший поверенный Комиссии по ценным бумагам и биржам США (SEC) усомнился в правильности предыдущего решения суда о статусе выпускаемой этой компанией криптовалюты XRP.

2024-12-22 13:51


Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling

Stuart Alderoty, Ripple’s chief legal officer, said “the SEC can’t submit new evidence or ask us to produce more” Ripple’s Form C requests that each issue is subjected to a de novo standard of review Ripple’s cross-appeal follows a week after the SEC filed its cross-appeal against a previous ruling that partially favored Ripple Ripple […] The post Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling appeared first on CoinJournal.

2024-10-26 15:27


Глава Ripple о новой апелляции SEC: «Будем бороться столько, сколько потребуется»

Комиссия по ценным бумагам и биржам США (SEC) подала апелляцию на решение суда по делу против Ripple, что вызвало резкую реакцию руководства компании. Глава Ripple Брэд Гарлингхаус (Brad Garlinghouse) заявил о готовности продолжать борьбу в суде.

2024-10-3 09:10


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