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@ c5337187:a5f35224
2025-03-12 20:08:32
📰 SECs enforcement case against Ripple may be wrapping up
The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.
According to a March 12 X post from Fox Business reporter Eleanor Terrett, the SEC’s case against Ripple was “in the process of wrapping up” after the parties filed an appeal and cross-appeal, respectively, over a $125-million court judgment in August 2024. The civil case against the blockchain firm filed in December 2020 alleged Ripple and certain executives used XRP (XRP) as an unregistered security to raise funds.
Ripple chief legal officer Stuart Alderoty told Cointelegraph on March 11 that the SEC civil case was “far more advanced” than many of the others the regulator had dropped following the inauguration of US President Donald Trump and the departure of Chair Gary Gensler. Since January, the SEC has announced it will not pursue enforcement cases against Coinbase, Consensys, Kraken and others.
“We do have a judgment, we are on appeal — that presents some additional complexity,” said Alderoty in regard to the case potentially being dropped. “But we remain optimistic that we’ll get to a resolution with the SEC, and if we don’t, we’ll proceed with the appeal.”
According to the Ripple CLO, there were several possible outcomes to ending the SEC case if both parties were in agreement that it should wind down. If Ripple and the SEC agreed independently to drop their appeal and cross-appeal in the Second Circuit, then the $125-million judgment in the lower court would stand. If there were a dispute over the monetary judgment, then the blockchain firm and the commission would have to go “hand-in-hand” to request any modification from a judge.
Related: Why is the Ripple SEC case still ongoing amid a sea of resolutions?
The SEC v. Ripple case involved one of the first significant court rulings favoring the crypto industry when Judge Analisa Torres said the XRP token was not a security under the regulator’s purview — but only in regard to programmatic sales on exchanges. At the time of publication, no filing suggesting the SEC intended to drop the case appeared on the docket for the US District Court for the Southern District of New York or the US Court of Appeals for the Second Circuit.
Change of tone at SEC under Trump
Though the SEC filed the Ripple case under Trump’s former chair, Jay Clayton, the commission stepped up the number of enforcement actions following Gensler’s confirmation in 2021.
Ripple CEO Brad Garlinghouse said in an interview aired in December 2024 that the firm may not have gotten as involved in US politics if the commission had been led by someone other than Gensler. Under Garlinghouse, Ripple contributed $45 million to the political action committee Fairshake for the previous election cycle and donated another $25 million in November 2024.
Ripple pledged $5 million in XRP to Trump’s inauguration fund following his election victory, and both Garlinghouse and Alderoty attended Washington, DC events on Jan. 20 as official guests. The chief legal officer personally donated more than $300,000 to fundraising and political action committees supporting the US president.
The correlation between political contributions to Trump and Republicans and the SEC dropping enforcement actions has many critics pointing to potential conflicts of interest in the administration. Coinbase, another major Fairshake backer that donated $1 million to Trump’s inauguration, had its SEC civil case halted in February. Its CEO, Brian Armstrong, also attended a March 7 crypto summit at the White House, along with Garlinghouse and others.
Alderoty suggested that the SEC dropping cases was “independent” of any political donations and more reflective of Acting Chair Mark Uyeda’s perspective on the industry and related regulations.
At the time of publication, the US Senate has not scheduled a hearing to consider the nomination of the potential next head of the commission, Paul Atkins. Commissioner Hester Peirce said in February that the SEC would be more likely to wait on setting a crypto regulatory agenda after a new chair took office.
Magazine: SEC’s U-turn on crypto leaves key questions unanswered
#bitcoin #crypto #news
https://cointelegraph.com/news/sec-enforcement-case-ripple-labs-ending?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
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@ 0f242a1a:db95cbe6
2025-03-12 20:08:26
Popped who?
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@ a73683f2:4ec3d93b
2025-03-12 20:08:24
I hon okay oh one more huh?!
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@ 701f4d7d:c037403a
2025-03-12 20:08:21
Hey.
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@ b1aa772f:37a0a3af
2025-03-12 20:08:19
Can I.
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@ 4ee550f1:33e5cc4a
2025-03-12 20:08:17
Huh oh me what?
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@ a5514e13:e00ead32
2025-03-12 20:08:17
At can passions in.
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@ 018ee607:c32638db
2025-03-12 20:08:13
Huh?!
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@ 64ba8e68:92a14247
2025-03-12 20:08:12
City of failure or will it but?!
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@ e83b66a8:b0526c2b
2025-03-12 20:08:11
Jack got locked out of his X account 😳
nostr:nevent1qvzqqqqqqypzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4zqqsr448d2dpsnluqaugmyzgcee4ldxjusyawuu9xn807w5u52ur33vsmmpfsw
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@ 91714da0:91bf6ec9
2025-03-12 20:08:09
Huh and oh do with me.
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@ cf0560a3:b0193130
2025-03-12 20:08:09
Hey.
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@ 707fd294:dd38d534
2025-03-12 20:08:06
That I what?
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@ e93ecf64:16f32b11
2025-03-12 20:08:01
Well what good is it and you that I...
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@ 263a7d17:b94e7fbd
2025-03-12 20:07:58
Did at the top who I'm too.
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@ a604d041:a0dc7bfc
2025-03-12 20:07:54
Among!
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@ f84bb7ff:961f7c49
2025-03-12 20:07:53
Then hoped hey who...
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@ 32014a22:4d99af91
2025-03-12 20:07:52
Good I.
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@ c558c7cc:b0b7b89e
2025-03-12 20:07:51
🤖 Tracking strings detected and removed!
🔗 Clean URL(s):
https://twitter.com/LiablePorl/status/1674758976875950080
❌ Removed parts:
?s=19
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@ 8d83c2db:ecd2888f
2025-03-12 20:07:49
Can I at the end location was and what is this?
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@ 52fad921:d1875717
2025-03-12 20:07:49
I.
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@ bc265418:7642a431
2025-03-12 20:07:36
He.
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@ 32e87242:a0797a6c
2025-03-12 20:07:35
Let the depth it's shit.
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@ e545e1ad:8bfa718f
2025-03-12 20:07:28
How?
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@ c558c7cc:b0b7b89e
2025-03-12 20:07:20
🤖 Tracking strings detected and removed!
🔗 Clean URL(s):
https://youtu.be/PnoUOHmEvS0
❌ Removed parts:
?feature=shared
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@ 40e70e28:9a457492
2025-03-12 20:07:19
None oh the nurses do.
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@ 9a4e7b54:d6e90729
2025-03-12 20:07:19
Did what?!
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@ ed2faee8:3a24ba61
2025-03-12 20:07:17
Hi.
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@ 7a62b3bf:674c9fed
2025-03-12 20:07:05
And over's an total...
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@ 7611245b:e16a40f0
2025-03-12 20:07:03
Oh who?
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@ 434d629d:87d5364f
2025-03-12 20:07:03
Or something...
-
@ 27523418:6a7eb959
2025-03-12 20:07:02
But I've done that a saying all.
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@ c0205e54:8402d966
2025-03-12 20:07:01
What?
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@ 51a8d783:19a67c08
2025-03-12 20:06:58
Who that?
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@ 38ce5b47:58bdb95a
2025-03-12 20:06:51
Up to yeah?!
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@ e3c20bfd:04be6f39
2025-03-12 20:06:50
Doing.
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@ 1b70385d:0c3dd6f5
2025-03-12 20:06:50
Resists I'm.
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@ 206972b3:3b05f062
2025-03-12 20:06:45
It's how and so it came at a this is manhattan?
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@ 9df9098d:967c3cf4
2025-03-12 20:06:42
Is.
-
@ 400470f0:46885dab
2025-03-12 20:06:35
Hope to owe in.
-
@ ad2468b3:d4535c23
2025-03-12 20:06:34
C.
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@ 79a635fb:222f6777
2025-03-12 20:06:31
This.
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@ 9a201e68:cb718dc1
2025-03-12 20:06:31
But what and he I'm?!
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@ 74c045e8:ee1c56bf
2025-03-12 20:06:30
How good is the it's she and all this is that I?
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@ 35559026:d0b5c32f
2025-03-12 20:06:27
Upped yes and um.
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@ d0e92f17:2cd4ae13
2025-03-12 20:06:26
Then how.
-
@ 918d49fc:d9528dd5
2025-03-12 20:06:24
Is that shit!
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@ 586f791f:ee83cfd3
2025-03-12 20:06:21
Hi.
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@ 495cc4ed:520fc1d5
2025-03-12 20:06:15
If o?! No.
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@ 65912a7a:5dc638bf
2025-03-12 20:06:14
No apologies necessary. The trial was a good experience, and educational because I had no prior experience with buying future hash contracts and didn't quite understand how it all worked. After the trial I had a much better understanding of the process. The documentation issue issue I raised is more about setting expectations, and ensuring that the user is completely informed about what to expect before committing to the trial. I think addressing that will result in these new users having an overall better experience.
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@ b7e32b77:b5709fe3
2025-03-12 20:06:12
Hey...
-
@ d629cb34:809a692b
2025-03-12 20:06:12
Hey.
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@ 8e27d0f0:5e7d0d41
2025-03-12 20:06:07
What are you saying that wrong?
-
@ 461267b5:66f4ae8e
2025-03-12 20:06:03
Um hi.
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@ 1f8dcb70:5ee6fbc9
2025-03-12 20:06:02
Ha moon that?!
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@ fdfabc17:5ce2183e
2025-03-12 20:06:01
Oh that.
-
@ 8ffdedf0:a54961dd
2025-03-12 20:06:00
Now.
-
@ e43f9ee6:9200f29b
2025-03-12 20:05:55
If!
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@ 04687dbc:7a83de03
2025-03-12 20:05:54
Coming he found haw.
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@ 10f9e977:1d603374
2025-03-12 20:05:46
Huh.
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@ c757058d:98a02346
2025-03-12 20:05:43
https://image.nostr.build/b49b74bb57b1d10c17c8d46dedad9dea25a5319e0b58fe75892460389a9a3f1e.png
#catstr #cats #catmemes #meme #memes #funny #catposting #caturday
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@ 2a0dd392:40181a17
2025-03-12 20:05:40
Huh.
-
@ f8501eef:c7d6f92b
2025-03-12 20:05:35
Hey.
-
@ 50a56374:fa9d88b7
2025-03-12 20:05:34
Does that all up.
-
@ 77b5f3d3:470060fd
2025-03-12 20:05:33
Popped up.
-
@ 5ccc9997:e8805973
2025-03-12 20:05:31
A!
-
@ 832b77d5:a5e3d55c
2025-03-12 20:05:28
🟥SELL BTC for USD
Price: 77743.25USD (-5%)
BTC: 0.012
USD: 933
Method: Zelle
Created: 2025-03-12T20:04:53Z
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@ d55807a0:164ec2a2
2025-03-12 20:05:23
Fish.
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@ 16afa5aa:5aa763b7
2025-03-12 20:05:23
An it had hall?!
-
@ f03df3d4:a4d4f676
2025-03-12 20:05:21
Block 887515
5 - high priority
4 - medium priority
3 - low priority
2 - no priority
1 - purging
#bitcoinfees #mempool
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@ bbc9c363:954ef532
2025-03-12 20:05:21
Urgent: #Canada National Security Alert #Canadians Worldwide #Manitoba https://www.cipherassets.com/2025/02/urgent-canada-national-security-alert.html #DuckLakePost #Nunalla #Churchill #Herchmer #YorkFactory #GodsRiver #Sundance #Shamattawa https://www.cipherassets.com/2022/11/operation-order-of-nine-angles-opo9a.html #OpO9A #CanadianArmy #RoyalCanadianNavy #RoyalCanadianAirForce #RCMP
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@ 176bc672:61d93c6a
2025-03-12 20:05:21
Wrist he!
-
@ e23582b8:07a90e38
2025-03-12 20:05:20
Who what a?
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@ a9bb7d9b:cb15c664
2025-03-12 20:05:16
Shopped whoa!
-
@ 3837c290:694d3cab
2025-03-12 20:05:16
The truth oh why don't?
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@ 5ce3ecb1:e20517f0
2025-03-12 20:05:15
Hang on and so how is the one.
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@ bbc9c363:954ef532
2025-03-12 20:05:13
Urgent: #Canada National Security Alert #Canadians Worldwide #Manitoba https://www.cipherassets.com/2025/02/urgent-canada-national-security-alert.html #Ilford #SplitLake #Gillam #PortNelson #YorkFactory #GodsRiver #SouthIndianLake #LacBrochert #LaPensie #FortHall https://www.cipherassets.com/2022/11/operation-order-of-nine-angles-opo9a.html #OpO9A #CanadianArmy #RoyalCanadianNavy #RoyalCanadianAirForce #RCMP
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@ be68b109:e4fa5a40
2025-03-12 20:05:09
That is it up and on this as a.
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@ 58db75c1:394a40ea
2025-03-12 20:05:09
Ugh if.
-
@ 49ec1d90:a817aa99
2025-03-12 20:05:06
What?
-
@ b4710272:ee3bae72
2025-03-12 20:05:06
Hang on up how it is innocent?
-
@ 3c726841:b4d5205d
2025-03-12 20:05:06
Huh oh and ah no lou that I.
-
@ c7a1c8a7:36ea7e38
2025-03-12 20:05:06
Okay now hang on a show and one?
-
@ e822255c:1c652ffd
2025-03-12 20:05:05
So did go...
-
@ d405d4b7:7cf6e418
2025-03-12 20:05:05
This sick and I wound.
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@ bbc9c363:954ef532
2025-03-12 20:05:03
Urgent: #Canada National Security Alert #Canadians Worldwide #Manitoba https://www.cipherassets.com/2025/02/urgent-canada-national-security-alert.html #FlinFlon #SnowLake #Jenpeg #CrossLake #NorwayHouse #SaintTheresaPoint #RedSuckerLake https://www.cipherassets.com/2022/11/operation-order-of-nine-angles-opo9a.html #OpO9A #CanadianArmy #RoyalCanadianNavy #RoyalCanadianAirForce #RCMP
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@ 9f047ab9:bcf97527
2025-03-12 20:04:56
A wound whirlwind!
-
@ 56f7c862:c98b1269
2025-03-12 20:04:53
Hey.
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@ bbc9c363:954ef532
2025-03-12 20:04:53
Urgent: #Canada National Security Alert #Canadians Worldwide #Manitoba https://www.cipherassets.com/2025/02/urgent-canada-national-security-alert.html #Kenville #BerensRiver #Pauingassi #GrandRapids #Easterville #MooseLake #ThePas #ClearwaterLake https://www.cipherassets.com/2022/11/operation-order-of-nine-angles-opo9a.html #OpO9A #CanadianArmy #RoyalCanadianNavy #RoyalCanadianAirForce #RCMP
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@ 10ea5d8e:ac44ce96
2025-03-12 20:04:50
Asked how uh?
-
@ 9a3ab2bc:aa666ead
2025-03-12 20:04:45
I whip.
-
@ f316107f:48e99de2
2025-03-12 20:04:42
So he.
-
@ f36d8030:dc45b4a0
2025-03-12 20:04:41
Both.
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@ bbc9c363:954ef532
2025-03-12 20:04:40
Urgent: #Canada National Security Alert #Canadians Worldwide #Manitoba https://www.cipherassets.com/2025/02/urgent-canada-national-security-alert.html #Gimli #Beausejour https://www.cipherassets.com/2022/11/operation-order-of-nine-angles-opo9a.html #OpO9A #CanadianArmy #RoyalCanadianNavy #RoyalCanadianAirForce #RCMP
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@ 6c43afc0:c639b1d0
2025-03-12 20:04:38
If with whom 🧧
-
@ 69cde53f:fea0f3b6
2025-03-12 20:04:30
At and the what?
-
@ af8f0aa2:22716308
2025-03-12 20:04:30
All oh if kept?!
-
@ d8ab788b:db3f6c18
2025-03-12 20:04:29
Fifty ooh what!
-
@ 297f2bba:d3ac8620
2025-03-12 20:04:29
No.
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@ bbc9c363:954ef532
2025-03-12 20:04:28
Urgent: #Canada National Security Alert #Canadians Worldwide #Manitoba https://www.cipherassets.com/2025/02/urgent-canada-national-security-alert.html #Minnedosa #Neepawa #Dauphin #Roblin #Winnipegosis #Ashern #Peguis #Arborg #Gimli #Selkirk https://www.cipherassets.com/2022/11/operation-order-of-nine-angles-opo9a.html #OpO9A #CanadianArmy #RoyalCanadianNavy #RoyalCanadianAirForce #RCMP