![]() Per the blog post, the firm wants to be able to serve its community of customers and partners, which is growing at an exponential rate. The investment will be used to expand Ripple’s team worldwide in order to meet market demands. And, they will provide the distributed ledger startup with industry insights and expertise allowing it to grow on a global scale. SBI Holdings and Route 66 Ventures also participated in the Series C. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.” “We are in a strong financial position to execute against our vision. ![]() According to Brad Garlinghouse, the CEO of Ripple, this proves that institutional investors understand the value and utility that XRP and the XRP ledger have in improving cross-border payments. ![]() In a blog post, Ripple, a San-Francisco based technology company, revealed that it scored a $200 million investment in Series C funding, led by global investment firm Tetragon. Following the announcement, XRP surged over 5 percent, and multiple technical indicators are signaling a further advance. ![]() “We look forward to bringing the SEC’s case to a just and speedy resolution and remove the cloud that the SEC’s misguided actions have cast over the XRP market,” Ripple claimed.Ripple announced a massive funding round that is set to push the development and adoption of its decentralized cryptographic ledger technology. In fact, Ripple’s lawyers have repeatedly and publicly claimed that the SEC is “dead wrong,” calling the regulator’s actions misguided.įinally, Ripple’s legal counsel Stuart Alderoty was quick to highlight that today’s actions would put to rest the FUD that the SEC unilaterally determined that XRP is a security. Here, it’s worth noting that soon after the ruling came out, Ripple went on to call the Tetragon lawsuit an opportunistic move to take advantage of the SEC’s allegations. 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. “… XRP is no more a security after the SEC filed the enforcement action than it was before it. According to Ripple’s legal counsel Stuart Alderoty, the SEC found that the complaints made by the plaintiffs were mere allegations and the court presiding over the SEC’s case is “the exclusive method for testing the validity” of those allegations.Īccording to the ruling of the judge in the aforementioned case, Deaton’s allegations on behalf of XRP holders. The separate filing made by the SEC was in reference to John E. The Court presiding over the SEC’s case is “the exclusive method for testing the validity” of those allegations. The SEC also responded to case on behalf of XRP holders and confirmed what we said on Day 1: their complaint against Ripple is just allegations. The SEC has NOT determined that XRP is a security,” said Ripple in an announcement made earlier today, soon after the ruling. “This ruling, coupled with a separate filing the SEC made today, should put to rest any confusion. A court in the U.S State of Delaware has rejected Tetragon Financial Group Ltd’s request for an order requiring Ripple to redeem the Series C preferred stock held by Tetragon.
0 Comments
Leave a Reply. |