Ripple’s General Counsel on the Latest Developments in Legal Saga With the SEC

CoinDesk published this video item, entitled “Ripple’s General Counsel on the Latest Developments in Legal Saga With the SEC” – below is their description.

Ripple General Counsel Stu Alderoty speaks to the hosts of “First Mover” about the latest in the SEC’s ongoing case against Ripple Labs. After two years of litigation, both sides have filed motions saying the federal judge has enough information to make a ruling without taking the case to trial. In 2020, the SEC alleged that Ripple raised over $1 million by selling its XRP token in unregistered securities transactions.

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Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. The ledger employs the native cryptocurrency known as XRP.

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XRP is the native cryptocurrency of the ledger for Ripple.

Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.

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