Ripple Denies Latest Allegations As SEC Case Sees New Filings

As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches its final deadlines before Judge Analisa Torres is set to deliver her verdict, American journalist Charles Gasparino made an allegation that the fintech company could not let go unanswered. Gasparino raised the question of why the SEC focused on Ripple while it let Sam Bankman-Fried and FTX have their way.

According to the journalist, there are two legitimate reasons why Ripple has become the SEC’s target. On the one hand, the SEC believes that “Ripple management flouted the rules.” On the other hand, Ripple has undermined the SEC’s authority by continuing to sell XRP after being asked to stop it.

Gasparino said the way XRP was sold established its designation as a security. Further, he stated that Ethereum “did possibly one sale and stopped. No case. Not picking sides; just reporting why case was brought.”

Read More: https://bitcoinist.com/ripple-denies-allegations-as-sec-case-sees-filings/

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