SEC scores a minor victory in legal dispute with Ripple Labs -Breaking
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As part of Labs’ case, the U.S. Securities and Exchange Commision has been extended to submit a discovery calendar relating to Brad Garlinghouse (CEO), and Chris Larsen.
It A bitter legal disputeThe exchange has been in operation since December 2020 when the SEC claimed that Ripple Labs had generated $1.3 Billion from an unregistered security offer via its XRP token. The firm claims that XRP does not constitute security. Instead, it is a way to make international payments. Ripple fair noticeIts token was considered a security.
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