Ripple vs SEC: The Dispute Looks Far From Over! What’s The New Turn In the Lawsuit
Former Chief Executive Officer Robert Cohen thinks the Securities and Exchange Commission’s (SEC) lawsuit targeting payment firm Ripple is critical, but the conclusion may be less significant. After failing to win the suit over Ripple, the sec is expected to submit a motion for reassessment.
The Ripple vs SEC – The Saga Will Continue For Long?
Robert Cohen is a retired SEC Division of Enforcement Chief. In a conversation, Cohen was asked regarding the implications of the agency’s defeat to Ripple. Cohen highlighted connections between both the agency’s criminal investigation against Blockvest LLC and the continuing Ripple dispute.
On 27th of November, 2018, Justice Curiel of the US District Court for the Southern District of California denied the SEC’s application for a temporary judgment involving the organization in SEC v. Blockvest, LLC.
Although proof of the SEC’s misleading statements in the accused’s online posts, the court dismissed the US agency’s temporary restraining order application.
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