SEC Restrategizes Its Approach to Ripple in Ongoing Lawsuit
5 hours ago by Steve Muchoki · 3 min read
Photo: Shutterstock
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As the SEC pushes for foreign regulators to join forces against Ripple, the case is likely to take a different stance before the final ruling.
After the Securities and Exchange Commission (SEC) was directed to reveal its internal documents on crypto communications in a pre-trial ruling against Ripple and the top management earlier this month, the regulator has now changed tactics to counter the defendant. According to a joint letter to US Magistrate Judge Sarah Netburn filed on April 16, the lawyers representing defendants noted that the SEC was pursuing discovery outside the scope of the Federal Rules and the Hague Convention by improperly leveraging Memoranda of Understanding (“MOU”) with foreign regulators.
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NPA, others support CA CBD bill while still advocating for federal solution Yesterday the Natural Products Association testified in favor of a California bill to regulate the CBD trade in that state. NPA and others, however, have reiterated a call for federal legislation that would forestall the growing patchwork quilt of state regulations.
The bill, designated as SB-235, was introduced in the California Senate on Jan. 19 by Sen. Ben Allen. The bill is the counterpart of an Assembly bill (AB 45) that was introduced by Assemblywoman Cecilia Aguiar-Curry.
In absence of federal rules regarding the hemp/CBD trade, the bill would:
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