The post <a href="https://cryptosnewss.com/ripple-vs-sec-lawyer-uncovers-major-mistakes-in-deal/" rel="noopener noreferrer nofollow">Ripple vs. SEC: Lawyer Uncovers Major Mistakes in Deal</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.In the ongoing legal battle between <a href="https://cryptosnewss.com/u-s-sec-appeals-decision-in-ripple-xrp-case/" rel="noopener noreferrer nofollow">Ripple</a> and the U.S. Securities and Exchange Commission (SEC), a lawyer has highlighted significant mistakes in the deal involving Ripple executives Brad Garlinghouse and Chris Larsen.These errors could potentially impact the outcome of the case and the broader cryptocurrency market.The Ripple vs. SEC case has been a focal point in the cryptocurrency world, with far-reaching implications for the industry.<blockquote>&#x1f6a8;NEW: In response to my question about what happened with the filing deadline and for an explanation as to the date on the Form C not matching the time stamp, an SEC spokesperson told me:“It was filed on time.”Listening to <a href="https://twitter.com/MetaLawMan?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;MetaLawMan</a> on <a href="https://twitter.com/AbsGMCrypto?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;AbsGMCrypto</a> this morning, he said… <a href="https://t.co/cygihF4KQM" rel="noopener noreferrer nofollow">https://t.co/cygihF4KQM</a>— Eleanor Terrett (&#64;EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1847353374733160598?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">October 18, 2024</a></blockquote>Recently, a lawyer pointed out critical mistakes in the settlement deal involving Ripple&#39;s CEO Brad Garlinghouse and co-founder Chris Larsen.These errors could potentially alter the course of the legal battle and influence the regulatory landscape for cryptocurrencies.The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company&#39;s sale of XRP tokens constituted an unregistered securities offering.The lawsuit also named Garlinghouse and Larsen, accusing them of personally profiting from the sales. Ripple has consistently denied these allegations, arguing that XRP is a currency, not a security.One of the key points of contention in the case is the classification of XRP. If the court sides with the SEC and determines that XRP is a security, it could set a precedent for other cryptocurrencies, leading to increased regulatory scrutiny and potentially stifling innovation in the industry.Conversely, a victory for Ripple could provide much-needed clarity and pave the way for broader acceptance and integration of cryptocurrencies.The lawyer&#39;s recent revelations about the mistakes in the deal involving Garlinghouse and Larsen have added another layer of complexity to the case.These errors, if proven significant, could undermine the SEC&#39;s arguments and bolster Ripple&#39;s defense.The ongoing legal proceedings are being closely watched by investors, legal experts, and the broader crypto community, as the outcome could have a profound impact on the market.As the Ripple vs. SEC case continues to unfold, the recent revelations about the mistakes in the deal involving Ripple executives highlight the complexities of the legal battle.The outcome of this case could shape the future of cryptocurrency regulation and influence the market&#39;s direction.Investors and stakeholders should keep a close eye on the developments, as the evolving legal landscape could present both challenges and opportunities for the cryptocurrency industry.Staying informed and adaptable will be crucial for navigating this dynamic environment.The post <a href="https://cryptosnewss.com/ripple-vs-sec-lawyer-uncovers-major-mistakes-in-deal/" rel="noopener noreferrer nofollow">Ripple vs. SEC: Lawyer Uncovers Major Mistakes in Deal</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Ripple vs. SEC: Lawyer Uncovers Major Mistakes in Deal

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