U.S Securities and Exchange Commission (SEC)
Name
U.S Securities and Exchange Commission (SEC)
Description
An independent federal agency established in 1934 to enforce laws against market manipulation and restore investor confidence following the 1929 stock market crash. Its primary mission is to protect investors, maintain fair, orderly, and efficient markets and facilitate capital formation.
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Ripple CEO Brad Garlinghouse announces end of SEC case
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The end of a long-running legal battle between Ripple and the SEC comes four years after the US securities regulator sued the company over an alleged $1.3-billion unregistered securities offering in December 2020
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The SEC has yet to officially confirm its decision to drop the appeal against Ripple. While Ripple CEO Brad Garlinghouse announced the end of the four-year lawsuit, reports from The Block and Bankless indicate that the agency must still vote on the matter, leaving room for further regulatory action.
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