Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="quad" data-source="post: 16590076" data-attributes="member: 17952"><p>I have been keeping an eye on it. I still have XRP which I bought back in 2018. I transferred it to my binance.us account but can't do any trading with it. I can send it to another wallet if I wanted to or convert it with a service like Changelly or Shapeshift. I've used Shapeshift in the past. But for now I am just holding it.</p><p></p><p><a href="https://shapeshift.com/" target="_blank">ShapeShift | Home</a></p><p></p><p>XRP 's ATH was over $3 and it is now obviously in the gutter. The SEC is supposed to look out for investors but their actions against Ripple hurt investors.</p><p></p><p>Here is an interesting development:</p><p></p><p><a href="https://cointelegraph.com/news/ripple-s-executive-chairman-moves-to-dismiss-sec-lawsuit" target="_blank">Ripple's executive chairman moves to dismiss SEC lawsuit</a></p><p></p><p>Chris Larsen — Ripple’s executive chairman — has joined company CEO Brad Garlinghouse in moving to dismiss the securities violation case filed by the U.S. Securities and Exchange Commission.</p><p></p><p>In a court letter <a href="https://www.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.50.0.pdf" target="_blank">filed</a> on Wednesday, Larsen’s attorneys provided four arguments detailing the reasons why the case against the Ripple executive should be struck.</p><p></p><p>According to the letter, the SEC cannot substantiate its claims that Larsen “knowingly or recklessly provided substantial assistance” towards the violation of Section 5 of the Securities Act of 1933.</p><p></p><p>Arguing further, the letter stated that in 2015, when Larsen bore the designation of Ripple CEO, both the Justice Department and the Treasury Department’s Finance Crimes Enforcement Network classified <a href="https://cointelegraph.com/xrp-price-index" target="_blank">XRP</a> as a currency.</p><p></p><p>Building on this line of argument, Larsen’s legal team also declared that the Ripple executive cannot be said to have taken actions to ensure the success of XRP sales.</p><p></p><p>In its fourth line of argument, the letter stated that the statute of limitations has run out on any alleged involvement of Larsen in the sale of XRP since 2013, adding:</p><p></p><p><em><strong>“Because the SEC has alleged that the sales of XRP over a multi-year period constituted only one offer, which began in 2013, the statute of limitations began to run in 2013 and expired in 2018.”</strong></em></p><p></p><p>In a separate <a href="https://ripple.com/wp-content/uploads/2021/03/bgarlinghouse_motion_to_dismiss.pdf" target="_blank">letter</a> also filed on Wednesday, Garlinghouse’s attorney Matthew C. Solomon offered two arguments in favor of dismissing the case against the Ripple CEO.</p><p></p><p>Echoing Larsen’s attorneys, Solomon wrote to Judge Analisa Torres of the U.S. District Court for the Southern District of New York stating that FinCEN has previously classified XRP as a virtual currency.</p><p></p><p>Garlinghouse’s legal representative also panned the SEC’s case against the Ripple CEO for personally violating securities regulations. According to Solomon, Garlinghouse’s activities concerning the sale of XRP tokens were simply part of this job as head of the company.</p><p></p><p>As previously reported by Cointelegraph, <a href="https://cointelegraph.com/news/ripple-s-xrp-sales-suppressed-coin-price-amended-court-complaint-alleges" target="_blank">the SEC filed an amended complaint</a> with the court back in February, accusing Ripple executives of misleading investors and manipulating the price of the XRP “coin.”</p><p></p><p>Both the SEC and Ripple have previously stated that a pre-trial settlement was <a href="https://cointelegraph.com/news/settlement-not-in-the-cards-in-sec-vs-ripple-case" target="_blank">not on the agenda</a>.</p></blockquote><p></p>
[QUOTE="quad, post: 16590076, member: 17952"] I have been keeping an eye on it. I still have XRP which I bought back in 2018. I transferred it to my binance.us account but can't do any trading with it. I can send it to another wallet if I wanted to or convert it with a service like Changelly or Shapeshift. I've used Shapeshift in the past. But for now I am just holding it. [URL="https://shapeshift.com/"]ShapeShift | Home[/URL] XRP 's ATH was over $3 and it is now obviously in the gutter. The SEC is supposed to look out for investors but their actions against Ripple hurt investors. Here is an interesting development: [URL="https://cointelegraph.com/news/ripple-s-executive-chairman-moves-to-dismiss-sec-lawsuit"]Ripple's executive chairman moves to dismiss SEC lawsuit[/URL] Chris Larsen — Ripple’s executive chairman — has joined company CEO Brad Garlinghouse in moving to dismiss the securities violation case filed by the U.S. Securities and Exchange Commission. In a court letter [URL='https://www.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.50.0.pdf']filed[/URL] on Wednesday, Larsen’s attorneys provided four arguments detailing the reasons why the case against the Ripple executive should be struck. According to the letter, the SEC cannot substantiate its claims that Larsen “knowingly or recklessly provided substantial assistance” towards the violation of Section 5 of the Securities Act of 1933. Arguing further, the letter stated that in 2015, when Larsen bore the designation of Ripple CEO, both the Justice Department and the Treasury Department’s Finance Crimes Enforcement Network classified [URL='https://cointelegraph.com/xrp-price-index']XRP[/URL] as a currency. Building on this line of argument, Larsen’s legal team also declared that the Ripple executive cannot be said to have taken actions to ensure the success of XRP sales. In its fourth line of argument, the letter stated that the statute of limitations has run out on any alleged involvement of Larsen in the sale of XRP since 2013, adding: [i][b]“Because the SEC has alleged that the sales of XRP over a multi-year period constituted only one offer, which began in 2013, the statute of limitations began to run in 2013 and expired in 2018.”[/b][/i] In a separate [URL='https://ripple.com/wp-content/uploads/2021/03/bgarlinghouse_motion_to_dismiss.pdf']letter[/URL] also filed on Wednesday, Garlinghouse’s attorney Matthew C. Solomon offered two arguments in favor of dismissing the case against the Ripple CEO. Echoing Larsen’s attorneys, Solomon wrote to Judge Analisa Torres of the U.S. District Court for the Southern District of New York stating that FinCEN has previously classified XRP as a virtual currency. Garlinghouse’s legal representative also panned the SEC’s case against the Ripple CEO for personally violating securities regulations. According to Solomon, Garlinghouse’s activities concerning the sale of XRP tokens were simply part of this job as head of the company. As previously reported by Cointelegraph, [URL='https://cointelegraph.com/news/ripple-s-xrp-sales-suppressed-coin-price-amended-court-complaint-alleges']the SEC filed an amended complaint[/URL] with the court back in February, accusing Ripple executives of misleading investors and manipulating the price of the XRP “coin.” Both the SEC and Ripple have previously stated that a pre-trial settlement was [URL='https://cointelegraph.com/news/settlement-not-in-the-cards-in-sec-vs-ripple-case']not on the agenda[/URL]. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
Top