Ripple news today: RLUSD's XRP Ledger launch - could it boost XRP price?
Growing tension amid the legal standoff between #Ripple and the US Securities and Exchange Commission (SEC) has prompted #XRP holders to launch a petition on social media platforms such as X The petition, titled Stop the SEC's Unnecessary and Unfounded Lawsuit Against Ripple, has garnered nearly 5,000 signatures.
This petition is for #XRP holders!
XRP holders are also considering filing a lawsuit against the SEC. Attorney Fred Rispoli discussed the results of the petition and whether individual investors can sue the SEC in the latest Thinking Crypto podcast.
In the podcast, Mr. Rispoli answered yes to the question of whether a petition against the SEC could be successful. However, he also said that it would be very difficult to #win the case, but he believes there is a chance. He said that John Deaton has 75,000 signatures and could sue the SEC, but it would be difficult because he would have to prove that he exceeded his governmental authority.
And, of course, one could argue that this happens, especially as the revolving door becomes more and more grotesque and easier and easier to uncover, such as in civil investigations. However, in the Madoff case, everyone who was defrauded by Madoff sued the SEC and lost on the grounds that the SEC was immune. The Second Circuit said the SEC was incompetent, stupid and dishonest, but only because it didn't do its job properly; the SEC did not go beyond the bounds of possible civil liability.
the case was dismissed. So there's a chance, but it's not an easy one, he said. As a senator, there's a lot I can do to help. Not only in this case, but in rooting out corruption and increasing transparency at the SEC. Tell us what you think of this article! Was this article helpful? Is SUI's bullishness over? Analysts predict a serious drop in prices after a 110% increase.
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