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Gensler discusses cybersecurity under the securities laws | Cooley LLP

In remarks yesterday before the Northwestern Pritzker School of Law’s Annual Securities Regulation Institute, SEC Chair Gary Gensler addressed cybersecurity under the securities laws.. ....

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Wells Notice: Ripple Publishes First Response to SEC's Enforcement Action

December 22, 2020 @ 8:38 am By JD Alois
Ripple has posted a response to a Wells Notice received by the blockchain firm. A Wells Notice is a document sent to an entity or individual giving notice of a pending enforcement action following an investigation by the securities regulator. Yesterday, it was reported that the
Securities and Exchange Commission (SEC) was pursuing a lawsuit against Ripple and the sale of XRP – a digital asset that is currently one of the largest cryptocurrencies in circulation by market cap.
In brief, Ripple will defend itself by positing that XRP is sufficiently decentralized and independent of the blockchain firm – similar to Bitcoin or Ethereum. To quote the document, Ripple states: ....

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