Ripple CEO Breaks Silence on Cross-Appeal Move

U.today · 2024-10-11T19:01:52.000Z

Ripple CEO Brad Garlinghouse has recently spoken out about the company's decision to file a cross-appeal against the SEC. It should be recalled that earlier in October, the SEC appealed the decision ordering Ripple to pay a $125 million civil penalty on its XRP sales, a fraction of the $2 billion sought by the regulator. In a countermove, Ripple announced yesterday it had filed a cross-appeal of Judge Torres’s final judgment, which was entered on Aug. 7, 2024. Ripple CEO Brad Garlinghouse speaks about Ripple's cross-appeal move in a recent tweet. Reiterating what he said earlier in October, the Ripple CEO stated that if the SEC and its chair Gary Gensler truly cared about the rule of law, as they claimed, they would accept their loss and move on. "But they are not interested in faithfully applying the law or in providing clarity to industry players in the US," the Ripple CEO stated. As I said earlier this month, if Gensler and the SEC cared about the rule of law, they would accept their loss and move on. But they are not interested in faithfully applying the law or in providing clarity to industry players in the US. Under Chair Gensler, the agency is only… https://t.co/hFlkXw83s8 — Brad Garlinghouse (@bgarlinghouse) October 10, 2024 Garlinghouse also slammed the SEC's approach: "Under Chair Gensler, the agency is only interested in creating havoc - US innovation and technology be damned." The Ripple CEO highlighted the potential of what could be achieved with the cross-appeal: "With our cross-appeal today, we're looking forward to sealing the SEC’s fate and finally putting an end to the SEC's regulation-by-enforcement agenda." Garlinghouse went on further to express his confidence in Ripple setting a precedent in this regard: "Ripple was the industry leader in the first go-round in court and we look forward to leading the way in this round as well." card As reported, Ripple's chief legal counsel, Stuart Alderoty, indicated that the SEC lost on all key points, hence, the reason it was appealed. Bitnomial sues SEC over XRP futures As reported by FOXBusiness, crypto derivatives exchange Bitnomial has sued the SEC over the claim to have jurisdiction over a planned XRP futures contract. card Bitnomial, which is regulated by the SEC’s sister agency, the Commodity Futures Trading Commission, filed for an XRP U.S. Dollar Futures contract in August. According to Bitnomial’s lawsuit, the SEC contacted the exchange shortly after the filing, stating that XRP Futures are "security futures" subject to combined SEC and CFTC jurisdiction, and that Bitnomial would violate federal securities laws if it proceeded with the listing. Bitnomial’s lawsuit is the second one filed against the SEC this week. On Tuesday, Crypto.com filed a lawsuit against the agency, claiming that the regulator is exceeding its authority by claiming that nearly all crypto assets are securities.

Ripple 首席执行官 Brad Garlinghouse 最近谈到了该公司决定对 SEC 提起上诉。值得一提的是，早在 10 月份，SEC 就对 Ripple 的裁决提出上诉，要求其就其 XRP 销售支付 1.25 亿美元的民事罚款，而这只是监管机构要求的 20 亿美元罚款的一小部分。
作为反击，Ripple 昨日宣布已对托雷斯法官于 2024 年 8 月 7 日作出的最终判决提起上诉。
Ripple 首席执行官 Brad Garlinghouse 在最近的一条推文中谈到了 Ripple 的反诉行动。Ripple 首席执行官重申了他在 10 月初所说的话，表示如果 SEC 及其主席 Gary Gensler 真的像他们声称的那样关心法治，他们会接受损失并继续前进。“但他们对忠实地执行法律或向美国行业参与者提供澄清不感兴趣，”Ripple 首席执行官表示。
正如我本月早些时候所说，如果 Gensler 和 SEC 关心法治，他们就会接受损失并继续前进。但他们对忠实地执行法律或向美国行业参与者提供澄清不感兴趣。在主席 Gensler 的领导下，该机构只是……https://t.co/hFlkXw83s8
- Brad Garlinghouse (@bgarlinghouse) 2024 年 10 月 10 日
加林豪斯还严厉批评了美国证券交易委员会的做法：“在主席根斯勒的领导下，该机构只对制造混乱感兴趣，而美国的创新和技术则一无是处。”
Ripple 首席执行官强调了交叉上诉可能取得的成果：“通过今天的交叉上诉，我们期待决定 SEC 的命运，并最终结束 SEC 的执法监管议程。”
Garlinghouse 进一步表达了他对 Ripple 在这方面开创先例的信心：“Ripple 在第一轮法庭审理中是行业领导者，我们期待在这一轮审理中也能发挥引领作用。”
卡片
据报道，Ripple 首席法律顾问 Stuart Alderoty 表示，SEC 在所有关键点上均败诉，因此才提出上诉。
Bitnomial 就 XRP 期货向 SEC 提起诉讼
据 FOXBusiness 报道，加密衍生品交易所 Bitnomial 已起诉美国证券交易委员会 (SEC)，指控其对计划中的 XRP 期货合约拥有管辖权。
卡片
Bitnomial 受美国证券交易委员会姊妹机构美国商品期货交易委员会 (CFTC) 监管，该公司于 8 月申请了 XRP 美元期货合约。根据 Bitnomial 的诉讼，SEC 在提交申请后不久就联系了该交易所，称 XRP 期货是受美国证券交易委员会和美国商品期货交易委员会联合管辖的“证券期货”，如果 Bitnomial 继续上市，将违反联邦证券法。
Bitnomial 的诉讼是本周针对 SEC 提起的第二起诉讼。周二，Crypto.com 对该机构提起诉讼，声称监管机构声称几乎所有加密资产都是证券，这是超越其权限的行为。

创作者的更多内容

实时新闻

创作者的更多内容

实时新闻

热门文章