SEC Used Its Last Right for Ripple Case: There is a Statement from the XRP Front!
The case that has been going on for years between the SEC and Ripple is one step closer to reaching its end.
The US Securities and Exchange Commission (SEC) notified the court of its final response to the Ripple case. According to court filings, the SEC maintained its position that Ripple Labs engaged in an unauthorized securities sale by issuing XRP.
On the other hand, SEC stated that Ripple acted carelessly and carelessly and insisted on the necessary punishment.
On the other hand, it was stated that Ripple has not violated any rules since the case that started in 2020, and it remains unclear whether they will do so in the future.
The SEC, which also found Ripple's promises about commitment to the cause misleading, reminded that its compliance responsibilities are valid.
Commenting on the issue from another perspective, the company's legal manager, Stuart Alderoty, said that no matter what, this case, which has been going on for years and has become gangrenous, is very close to the end:
The good news is that we are closer than ever to putting this case behind us. But unfortunately, most people are just starting this journey. We believe that the court will approach the solution phase fairly.
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