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Seven months into its legal showdown with the Securities and Exchange Commission, Ripple Labs faces an uphill battle against the government s case that it sold unregistered securities, according to a number of experts.
That said, the San Francisco cryptocurrency company has assembled a high-priced legal team including former SEC commissioner Mary Jo White that has come out swinging. It has scored several early points, including getting U.S. Magistrate Judge Sarah Netburn s approval last week to depose a former division director of the SEC over the agency s objections.
An SEC lawsuit filed in December accuses Ripple of violating federal securities laws. The company sold more than 14.6 billion units of XRP for $1.38 billion to fund Ripple’s operations, and to enrich its founders and current CEO, without registering those offers and sales of XRP with the commission, according to the suit.
The Park City Council primary election in 2019 was close enough to force a recount, conducted at the Summit County Clerk’s Office in Coalville, shown. The City Hall campaign this year is approaching and the municipal government on Tuesday hosted an online event that was organized to outline the mechanics of the election.
Park Record file photo
A candidate in the City Hall election this year must pay a filing fee or collect enough signatures before they are entered into the contest, a tightening of ballot access approved in 2020 that is designed to ensure political hopefuls are committed to a campaign.
Murder writ for Saudi prince over Khashoggi independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.
Ripple XRP lawsuit seeks internal SEC records over crypto assets businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.