Ripple vs tetragon3/28/2023 ![]() Ripple’s $15 Billion Valuation and ‘Best Year on Record’ Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record. He added that despite the lawsuit by the U.S. All Rights Reserved.Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. No securities regulators have confirmed the accuracy of any information provided in our materials.When copying materials from this resource, a link is required! 2020 MOSTTRADED. Our materials provide only general information, and they don’t take into consideration your financial goals, needs or circumstances. The value from investments may go down as well as up and you may not get back the amount invested. Information provided in our articles is neither TAX nor financial advice and investors should consult with their own financial advisers before making investment decisions. Past performance is not indicative of current of future results. Reliance upon information posted in our materials is at the sole discretion of the reader. There is no guarantee that any forecast made will come to pass. Our Materials may contain forward-looking information that is not purely historical in its nature. The information and opinions contained in our materials are derived from proprietary and non-proprietary sources deemed by mosttraded group to be reliable and are not guaranteed as to accuracy or completeness. The opinions expressed are as of the date of publication and are subject to change. It`s not intended to be relied on as a forecast, research or investment advice and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Risk Disclosure:Materials on this page are for information purposes only and is prepared by mosttraded group. By bringing a massive enforcement case, the SEC acknowledges they didn’t “determine” anything, but the crypto markets – under pressure – interpreted the filing as such, causing massive damage to retail holders and now the SEC affirms that no determination has been made about XRP and it didn’t order or ask anyone to halt trading / delist, so retail holders shouldn’t blame the SEC but instead – wait for it – blame the exchanges! So who are they protecting?! This is why regulation by enforcement wreaks such havoc. ![]() The Tetragon ruling, coupled with the SEC’s filing in case, should put to rest the FUD that the SEC unilaterally determined that XRP is a “security.” Glad that’s settled!īrad Garlinghouse, CEO of Ripple Labs, also voiced his opinion on both cases via Twitter, denouncing the SEC: The Court hearing the SEC’s case against Ripple is “the exclusive method for testing the validity” of the SEC’s claims against Ripple.Īlderoty commented on the success against Tetragon in combination with Deaton’s filing: ![]() The SEC admitted that it has not yet made a decision on the status of XRP. The SEC stated: In addition, Alderoty also referred to a current lawsuit that XRP holders – specifically, attorney John E. And when it is made, it will be made by the District Court. ![]() The question is not yet resolved, so a determination has not yet been made. The enforcement action, by contrast, asks that question. A determination …resolves the question of whether XRP is a security. The Delaware judge stated:īut XRP is no more a security after the SEC filed the enforcement action than it was before it. Thus, the asset manager had not demonstrated the requisite likelihood of success on the merits of its claim. The reasoning states that Tetragon cannot show that the Wells notice or enforcement action is a securities default. Zurn has thus denied Tetragon’s request for a preliminary injunction, and lifted the previously imposed injunction. 7.Īs Stuart Alderoty, General Counsel at Ripple Labs, now revealed a few hours ago, the Delaware court has ruled that Tetragon’s claim of a “securities default” is false, as there is no official ruling on the status of XRP. To enforce its right as quickly as possible, Tetragon filed a preliminary injunction on Jan. The asset management firm was the largest contributor to a Series C funding round with $175 million and sued Ripple to force stock redemption after the SEC lawsuit was filed. Ripple Labs scored a victory yesterday in its legal battle with Tetragon Financial Group Ltd. SEC, the agency confirmed that only the court can decide on the classification of XRP as a security. The court declined to issue a preliminary injunction and lifted the injunction imposed against Ripple Labs.
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