A questionable delegate was criticized by the US Securities and Stock Exchange and its agency due to the settlement letter, which can finally end the Ripple legal epic.
SEC and Ripple made a joint settlement letter in the New York Court requesting that the irritation against Ripple against Ripple and $ 75 million out of $ 125 million in civil sanctions held in the guarantee to be returned to the encryption company, According to To the May 8 statement of the Supreme Education Council.
SEC Caroline Crinko burst The attached deal in a statement of May 8, saying that it will harm the ability of the organizers to preserve the encryption companies in the line and undermine the court ruling.
She said: “This settlement, in addition to the programmatic dismantling of the SEC encryption enforcement program, is a huge cancellation of the invested audience and undermines the court’s role in explaining our securities laws.”
“Meanwhile, the settlement joins a line of chapter that eats together the credibility of our lawyers in the court who are required to take legal positions today, unlike those taken only months ago.”
According to the Trump administration, the Securities and Stock Exchange Commission was slowly heading to its strict position towards the encryption companies that were provided under the reign of former SEC president Gary Ginsler, and rejected an increasing number of enforcement procedures against encryption companies. At the same time, Crenshaw argues that if Judge Torres accepts the settlement, this will erase the “protection of the investor that we have already won” and left a “organizational vacuum”, until the cryptocurrency team raises an organizational framework. “The settlement is not in the interest of investors and markets that are assigned our agency to serve and protect. It creates more questions than answers.” In August last year, Judge Ripple ordered the payment of $ 125 million of penalties after the company’s XRP code ruling for securities when sold to institutional investors. Although SEC and Ripple have agreed to a settlement, it is still not an expired deal, according to the former public prosecutor James Villan, because there are several steps before the long -term legal epic concludes. For a start, Judge Torres needs to submit an indication ruling if you agree to the settlement letter, Villa He said In the May 8 analysis on X. If Torres issued an indication ruling, SEC and Ripple will require the Court of Appeal in the second circle of limited pre -trial detention to Judge Torres, who, if granted, will lead to another request for the agreed settlement, according to Villaan. Related to: Bitnomial falls the lawsuit before the launch of XRP futures in the United States He said: “After dissolving the Zargi and distributing money, SEC and Ripple will ask the Court of Appeal to refuse to appeal the Supreme Education and Intersection Council. Then the matter ended.” SEC initially launched legal measures against Ripple Labs in December 2020, accusing the illegal symbol sale company as unregistered security. magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
What is the following of the ripples? It is not over yet
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