• Latest
Court denies SEC Accessibility to Ripple’s legal advice

Court denies SEC Accessibility to Ripple’s legal advice

June 3, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

Court denies SEC Accessibility to Ripple’s legal advice

coinnewsdaily by coinnewsdaily
June 3, 2021
in Ripple
0
Court denies SEC Accessibility to Ripple’s legal advice
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
fincen

Ripple has scored another win in its ongoing legal battle from the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice.

Magistrate Judge Sarah Netburn of this District Court for the Southern District of New York ruled Sunday to deny the SEC’s motion to compel Ripple to produce memos talking XRP sales with the company’s lawyers.

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

According to the SEC, Ripple could have been aware that XRP could be a safety from its legal advisors before moving ahead with its own token sale back in 2013. The SEC filed a motion on May 7 to induce Ripple to create all communications talking any legal information Ripple sought or obtained as to if its offers and sales of XRP would be subject to federal securities laws.

In the latest ruling, Netburn referred to the attorney-client privilege that’s supposed to”encourage full and frank communication between attorneys and their clients and thereby promote broader public interests in the observance of law and administration of justice” The judge noted that Ripple hasn’t waived its attorney-client privilege despite defendants being in a position to waive it in certain circumstances.

The judgment also pays particular attention to the rule of fair notice, which requires the courts to construe ambiguous criminal statutes in favor of the suspect. In asserting this defense, Ripple claims that the SEC failed to provide market participants with fair notice that the regulator believed XRP a security.

“In support, it cites to the SEC’s eight-year delay in pursuing enforcement actions against Ripple for its alleged securities violations — even after XRP was listed on over 200 cryptocurrency markets, billions of XRP sales transactions had occurred, and Ripple had entered a settlement with the U.S. Department of Justice and FinCEN that described XRP as a’convertible digital currency,”’ Netburn wrote.

The judge noted that the SEC may renew its motion application if Ripple”increases its beliefs or relies upon its own privileged communications in aid of its own fair notice defense.”

The latest ruling is still another milestone in the SEC’s struggle against Ripple after the regulator filed a lawsuit against Ripple Labs, CEO Brad Garlinghouse and executive chairman Chris Larsen at December 2020, alleging that XRP was a $1.3-billion unregistered securities offering. Ripple has been able to achieve a series of legal victories, such as winning access to internal SEC discussion background concerning cryptocurrencies in April. The court also denied the SEC the ability to disclose the fiscal documents of Garlinghouse and Larsen.

Last week, Garlinghouse confirmed Ripple’s plans to go public after the company resolves its situation with the SEC, stating that the probability of this scenario was”very high at some stage.”

Tags: fincenGarlinghouseMagistrate JudgeRippleSarah NetburnXRP
Share76Tweet48
Previous Post

Bitcoin’s (BTC) active source

Next Post

Miami mayor bought BTC after Congress passed $1.9T stimulus bill

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
Miami mayor bought BTC after Congress passed $1.9T stimulus bill

Miami mayor bought BTC after Congress passed $1.9T stimulus bill

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$22,857.00-3.96%
  • ethereumEthereum(ETH)$1,568.20-4.86%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$306.99-3.48%
  • rippleXRP(XRP)$0.395100-5.02%
  • cardanoCardano(ADA)$0.373019-6.39%
  • dogecoinDogecoin(DOGE)$0.089142-1.55%
  • matic-networkPolygon(MATIC)$1.09-7.68%
  • okbOKB(OKB)$37.37-5.91%
  • solanaSolana(SOL)$23.94-8.55%
  • polkadotPolkadot(DOT)$6.19-6.79%
  • shiba-inuShiba Inu(SHIB)$0.000012-4.98%
  • litecoinLitecoin(LTC)$91.57-3.50%
  • tronTRON(TRX)$0.062311-2.58%
  • daiDai(DAI)$1.000.03%
  • cosmosCosmos Hub(ATOM)$13.09-5.67%
  • chainlinkChainlink(LINK)$6.92-6.58%
  • leo-tokenLEO Token(LEO)$3.59-2.91%
  • moneroMonero(XMR)$176.01-5.66%
  • ethereum-classicEthereum Classic(ETC)$21.38-8.57%
  • bitcoin-cashBitcoin Cash(BCH)$130.55-4.54%
  • stellarStellar(XLM)$0.089940-5.02%
  • crypto-com-chainCronos(CRO)$0.077879-5.79%
  • filecoinFilecoin(FIL)$5.11-6.80%
  • algorandAlgorand(ALGO)$0.240439-8.47%
  • vechainVeChain(VET)$0.023260-5.63%
  • internet-computerInternet Computer(ICP)$5.77-7.51%
  • aaveAave(AAVE)$81.16-7.59%
  • eosEOS(EOS)$1.05-6.33%
  • elrond-erd-2MultiversX(EGLD)$42.17-7.10%
  • theta-tokenTheta Network(THETA)$1.02-8.99%
  • tezosTezos(XTZ)$1.06-8.88%
  • paxos-standardPax Dollar(USDP)$1.000.50%
  • huobi-tokenHuobi(HT)$5.08-1.43%
  • bitcoin-cash-svBitcoin SV(BSV)$42.47-4.33%
  • havvenSynthetix Network(SNX)$2.29-8.39%
  • dashDash(DASH)$59.444.43%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.98-3.51%
  • iotaIOTA(MIOTA)$0.224782-7.13%
  • zcashZcash(ZEC)$44.50-5.97%
  • makerMaker(MKR)$635.08-6.11%
  • neoNEO(NEO)$8.03-4.71%
  • zilliqaZilliqa(ZIL)$0.026833-9.73%
  • basic-attention-tokenBasic Attention(BAT)$0.247223-9.95%
  • compound-governance-tokenCompound(COMP)$51.69-8.28%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.036740-8.24%
  • kusamaKusama(KSM)$34.25-8.23%
  • bitcoin-goldBitcoin Gold(BTG)$16.57-7.95%
  • qtumQtum(QTUM)$2.73-0.86%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • wavesWaves(WAVES)$2.46-9.71%
  • sushiSushi(SUSHI)$1.25-8.30%
  • yearn-financeyearn.finance(YFI)$7,194.82-7.91%
  • golemGolem(GLM)$0.232475-6.09%
  • omisegoOMG Network(OMG)$1.38-9.74%
  • ontologyOntology(ONT)$0.207890-6.33%
  • digibyteDigiByte(DGB)$0.010312-6.83%
  • umaUMA(UMA)$1.99-6.27%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%