Ripple wants to actively work with Congress and regulators on smart regulation
Ripple’s head of public policy Susan Friedman It states that many entities in the crypto space, including Ripple, want to work actively with Congress and regulators on smart regulation – for a digital asset space that fosters innovation and protects consumers. .
Many people within crypto (@ Wave Incorporated) is looking to work actively with Congress and regulators on smart regulation for the digital asset space that fosters innovation and protects consumers. This is not the “Wild West”.
— Susan Friedman (@ss_friedman) 1 March 2022
The Ripple executive went on to say that the cryptocurrency sector is “not the Wild West” as is often claimed to be. In late September 2021, SEC Chairman Gary Gensler – arguing for more oversight of crypto – referred to the region as the “Wild West” when he testified before the US Senate.
Ripple is in the midst of a lawsuit with the SEC after the agency accused Ripple and two top executives of making an unregistered offering of $1.3 billion in XRP between 2013 and 2020.
According to Cryptolaw founder John Deaton, the court’s “biggest verdict in the case” is about to come. The SEC is currently asking for the DPP’s decision to be reconsidered, while claiming that “Estabrook notes” privileges.
Over the weekend, Ripple and individual defendants opposed the SEC’s motion for partial reconsideration and clarification of Judge Netburn’s DPP ruling.
Ripple SEC case update
The latest update in the lawsuit includes Ripple’s co-defendant Brad Garlinghouse seeking disclosure of “Estabrook Notes” taken during a meeting between former SEC commissioners on November 9, 2018, against Ripple’s opposition to an earlier resolution. Reply has been filed. Alad Roisman and CEO of Ripple.
Cryptolaw founder John Deaton believes that these notes, if produced, could strengthen Ripple’s case against the SEC. They can confirm to Ripple CEO Brad Garlinghouse, who left the 2018 meeting realizing that the ongoing sale of XRP was not an unregistered securities, Deaton said.
Yes, two months back there was an hour-long negotiation.
It is not settled which means the next most likely settlement time will be at arbitration (see arrow below) which will be hosted by Netburn, the only judge who has seen all the documents on camera. pic.twitter.com/yDARTALdaf
— jeremy hogan (@attorneyjeremy1) 1 March 2022
Representative Jeremy Hogan, a partner at the Hogan & Hogan law firm, recently posted a document outlining some rules the SEC and Ripple can follow, including a settlement meeting 14 days after the fact finding is complete. . The advocate, friendly to the XRP community, provided his views on the Ripple case in a series of tweets.
He noted that Judge Sarah Netburn, who has seen all of the documents on camera hosting the arbitration, may be working to Ripple’s advantage.
Jeremy Hogan said he believed an agreement could be reached in April or May.