SEC v. Ripple: Court Strikes Down SEC's Charge Against Ripple Founders

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SEC v. Ripple: Court Strikes Down SEC's Charge Against Ripple Founders
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SEC v. Ripple Court Filing, retrieved on July 13, 2023 is part of . You can jump to any part in this filing . This part is 17 of 18. HackerNoon’s Legal PDF Series here DISCUSSION II. Analysis C. Larsen’s and Garlinghouse’s Aiding and Abetting of Ripple’s Violations The SEC also moves for summary judgment on its aiding and abetting claim against Larsen and Garlinghouse. See SEC Mem. at 66.

Larsen further testified that he understood the 2018 speech by the then-Director of the SEC Division of Corporate Finance, Bill Hinman—in which he stated that neither bitcoin nor ether were securities—to further reinforce the SEC’s position that XRP was not a security. See id. ¶¶ 1742–43.

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