What is known about Ripple's victory over the SEC

The lawsuit between the Sec and Ripple has been going on since 2020. Yesterday, the Court of the Southern District of NY was able to make a final decision. Ripple won the case.

What is known about this

The judge was Analisa Torres. She concluded that the sale or other distribution of a crypto asset is not considered an offer or implementation of investment-type contracts.

Recall that the Sec filed a lawsuit back in 2020. The accusation was the lack of registration of securities, which are native coins of the site.

Note that the company won the case with reservations. The court decided that when buying tokens more than $ 700 million by large investors was illegal. The judge also approved the agency's petition to simplify the procedure for making a decision on this item.

At the moment, Brad Garlinghouse and Chris Larsen are due to appear before a jury. Recall that the first one heads the company, and the second one is the executive director. The jury will have to decide whether the executives are guilty of illegally selling coins to large investors.

It should be noted that the representative office of the department reported that they will review the results. So, it is possible that the Commission will appeal.

The GRIN4 ecosystem

We have created a bot to make money on crypto exchanges. You set the settings, and he trades 24/7. Manage all assets from one service: with your own hands or with the help of algorithmic trading. Anonymously. Simply. Stress-free.