Ripple vs SEC: Recently Updated Events As Of June 27

Hania

1 year ago

The case between Ripple and the US SEC has undergone the following developments this month.

The United States Securities and Exchange Commission and Ripple are still engaged in a lawsuit. Here are some of the most recent happenings as of today, June 27, 2023.

The most recent development occurred yesterday when John E. Deaton, the attorney who is defending thousands of XRP investors, disclosed that he received an email that initially worried him.
It turned out, nevertheless, that there was only one attorney who left the case. Both Deaton and veteran SEC litigator Marc Fagel concurred that this is a non-event.
Speaking of Fagel, he suggested that a decision would be coming soon a few weeks ago.
The SEC ultimately released the documents regarding William Hinman’s speech on or around June 13 in response to a court order, which was probably this month’s most significant development.

Stuart Alderoty, the Chief Legal Officer at Ripple, offered his thoughts on the subject, saying:

“Seeing the depth to which the SEC has essentially weaponized the lack of regulatory clarity through enforcement actions since this speech was given – it’s no surprise that we can call bluff on their claims to “just come in and register” as nothing but in bad faith.”