Judge Sarah Netburn granted a motion to dismiss the SEC request, which would have required Ripple’s Brad Garlinghouse and Chris Larsen to divulge their personal financial records to the court.
The Securities and Exchange Commission is asking the court to stop a motion by Ripple executives to deny it access to their personal financial records.
The U.S. Securities and Exchange Commission wants a federal court to grant it access to the personal finance records of Ripple’s executives.
The lawsuit alleged that YouTube had “feigned ignorance” as XRP scams defrauded millions of dollars on the video sharing platform.
In a move that echoes the approach of CEO Brad Garlinghouse, also implicated in the court action, Chris Larsen’s representatives set out four arguments for dismissal in a letter to the court.
Ripple has filed its response to the SECs complaints regarding the Ripple (XRP) sale being an unregistered securities offering.
Ripple's CEO Brad Garlinghouse has answered what he calls " five (5) key questions" about the Ripple vs. the SEC lawsuit.
The court has set Ripple's pre-trial date for February 22nd at 10am. The pre-trial will take place via video due to coronavirus.
The U.S. securities regulator has reportedly revealed plans to file a suit against Ripple (the company), its CEO Brad Garlinghouse and founder Chris Larsen.
Investors claim Ripple and Brad Garlinghouse failed to register XRP with the U.S. regulator, and then went on to make misleading statements about the token.
Ripple is considering moving their headquarters overseas to an area where blockchain and digital currency regulation is clear.