Ripple Once Again Records Winning To Top of the SEC! - Kakiforex | Forex markets for the smart money. Ripple Once Again Records Winning To Top of the SEC! Ripple Once Again Records Winning To Top of the SEC!

April 13, 2021

Ripple Once Again Records Winning To Top of the SEC!

 Ripple has once again recorded another small win in its feud with Suruhanjaya Sekuriti and the Exchange (SEC) over the sale and classification of cryptocurrencies.


After giving Ripple access to SEC communications in the last week, the chief judge has rejected proposals to link financial records with co-founder Ripple, Chris Larsen and CEO Brad Garlinghouse.


The SEC originally hoped that if Ripple's financier data could be obtained it would ease accusations against Ripple and its executives, who were accused of violating the association's security laws through the sale of XRP to the masses.



However, the court ruled that the proposed exposure would lead to an unwarranted invasion of privacy and the funds transferred from crypto exchanges to the accused could not be linked to the sale of XRP.


According to Chief Justice Sarah Netburn, the SEC believes that the accused's banking records will provide evidence that speculative transactions are possible. However, Netburn continued, even though Defendan (the accused) did not provide a record of their XRP transactions, he had no reason to ask individuals to show proof of personal transactions.


In the last week, Ripple won the right to sue the SEC to submit internal documents relating to Bitcoin (BTC) and Ethereum (ETH).


At the time of writing, XRP was trading at $ 1.39, jumping over 3.23% in the 24 hours.