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Here's a brief timeline of significant events in the SEC vs. Ripple case: 2013: Ripple Labs is founded and begins to develop the XRP Ledger. December 2020: The SEC files a lawsuit against Ripple Labs and its executives, claiming that the sale of XRP was an unregistered security offering. 2021: Ripple responds to the lawsuit, arguing that XRP is not a security. August 2021: A key ruling occurs when the court denies the SEC’s motion to compel Ripple to produce documents related to internal communications. November 2022: The court grants Ripple's request for discovery regarding the SEC's communications with third parties about XRP. March 2023: Ripple and the SEC file motions for summary judgment, seeking to have the court make a ruling on the case without a trial. July 2023: A significant ruling is made where the court finds that XRP is not a security when sold on exchanges, favoring Ripple. September 2023: The SEC announces its intention to appeal the July ruling, prolonging the legal battle. 2024: Ongoing developments in the case with further hearings and motions continuing. #sec #ripple #xrp #cryptocurrency #lawsuit #blockchain #legalbattle #secvsripple #xrpsong #xrpcommunity #xrparmy #xrpqueen 😉
Duration: 16 sPosted : Fri, 11 Oct 2024 12:53:30Views
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