🚨 Why does the SEC want $770M worth of flesh from Ripple? By the way, should the SEC commissioner Hester Peirce condemn the SEC enforcement action against LBRY? Moreover, will Ripple announce its IPO at the upcoming Ripple swell in Dubai? Endeavor to stay till the end as I will be asking a vital question regarding the future price of XRP! 🔥
🎉 We have exclusive giveaways and XRP daily news ! 😊
⚠ DISCLAIMER: WE ARE NOT FINANCIAL ADVISORS. Disclaimer: Any investment you make is your own responsibility. We are not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what we say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice, and we are not liable for any losses incurred.
BEWARE of Scammers we will never ask you for money on Whatsapp or any other platform.DO NOT CLICK ON ANYTHING, COMMENTS or EMAIL that claim to be our channel. Please report all Scammers and IMPOSTERS to Youtube.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👇 Give me more information about today's video👇
As a result, the court recently ordered the parties to propose a briefing schedule for the remedies stage. Per the order, the parties have until November 9, 2023, to propose the briefing schedule.
However, if the parties do not come to an agreement on a suitable schedule, they shall jointly ask the court to schedule the briefing. With the remedies stage around the corner, Attorney Deaton noted that the SEC wants the entire $770 million from Ripple for selling unregistered securities to institutional investors.
Interestingly, he speculated that Ripple will make significant moves to drastically reduce the $770 million the SEC wants as a fine. According to Deaton, the blockchain company will attempt to exclude On-Demand Liquidity sales of XRP, salaries, and other legitimate business expenses.
The legal expert speculated that Ripple could spend millions of dollars in an attempt to reduce the $770M the SEC seeks. “I believe Ripple will be successful in cutting the $770M figure down drastically,” Attorney Deaton added. The pro-XRP lawyer recalled how LBRY cut down the SEC’s demand during the remedies phase of its lawsuit.
Per Deaton, the SEC requested $23 million from LBRY for selling unregistered securities to investors. However, after eight months of remedies proceedings, the LBRY judge finalized that the blockchain company should pay a fine of $130,000. Furthermore, Deaton also commented on other aspects of the legal battle, including the prospect of a settlement in the case.
