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Securities and Exchange Commission v. Ripple Labs Inc. et al.

  1. May 08, 2024

    SEC Doubles Down On $2B Ripple Labs Sanction Bid

    The U.S. Securities and Exchange Commission is standing by its call for crypto platform Ripple Labs to pay $2 billion as punishment for selling unregistered securities, telling a New York federal judge that a lower penalty would send the wrong message to the industry at large.

  2. April 23, 2024

    Ripple Labs Says Its SEC Fine Should Be No More Than $10M

    Blockchain firm Ripple Labs told a Manhattan federal judge that the U.S. Securities and Exchange Commission's $2 billion remedies request over the firm's registration violation is proof of its "administrative overreach," and says it shouldn't be forced to pay more than $10 million over a finding related to its sales of cryptocurrency XRP.

  3. March 26, 2024

    SEC Says Ripple's 'Egregiousness' Warrants $2B Sanction

    The U.S. Securities and Exchange Commission has told a New York federal court that blockchain firm Ripple Labs Inc. ramped up sales of its XRP token after the agency launched its enforcement action and engaged in a "public relations campaign to deflect blame from its conduct," warranting nearly $2 billion in sanctions.

  4. March 25, 2024

    Ripple's Legal Chief Says SEC Wants $2B In Remedies

    The CEO and legal head of blockchain firm Ripple Labs said Monday that the U.S. Securities and Exchange Commission plans to seek $2 billion in fines and penalties over the firm's failure to register institutional sales of its XRP token, but the firm plans to strike back at the high dollar amount.

  5. February 05, 2024

    Ripple Must Hand Over Financial Info As SEC Seeks Remedies

    Ripple Labs must hand over financial information about the institutional sales of its XRP token to the U.S. Securities and Exchange Commission after a magistrate judge sided with the regulator's claims that it needs the details to formulate its remedies request in the yearslong registration case.

  6. January 01, 2024

    Crypto White Collar Cases To Watch In 2024

    The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.

  7. October 27, 2023

    How Ripple Execs' Grit & Litigation Forced SEC To Back Down

    The U.S. Securities and Exchange Commission called off a looming trial against executives of blockchain firm Ripple this month after counsel at Cleary and Paul Weiss made clear their clients were eager to have their day in court and intended to force the SEC to face a record of evidence that didn't support the claim the defendants knowingly violated securities laws when they sold Ripple's crypto token.

  8. October 19, 2023

    SEC Drops Case Against Ripple Execs In Rare Dismissal

    The U.S. Securities and Exchange Commission has dropped the remaining claims against Ripple Labs CEO Bradley Garlinghouse and Executive Chairman Christian Larsen in its enforcement case over the sale of the blockchain firm's XRP token, according to a Thursday notice.

  9. October 03, 2023

    SEC Loses Bid To Immediately Appeal Ripple Labs' Partial Win

    The U.S. Securities and Exchange Commission can't immediately appeal a ruling in its case against Ripple Labs Inc. that deemed cryptocurrency not a security when sold on an exchange, a Manhattan federal judge ruled Tuesday, saying the commission hasn't presented a "pure question of law" for the Second Circuit.

  10. September 11, 2023

    SEC Says Ripple Appeal Has 'Industry-Wide Significance'

    The U.S. Securities and Exchange Commission has urged a New York federal court to let it immediately appeal a recent summary judgment ruling in its case against Ripple Labs Inc., arguing that even the blockchain firm itself has said the issues have "industry-wide significance."

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