Name
United States District Court for the Southern District of New York
Description
A leading federal trial court based in New York City, it is renowned for handling complex and high-profile cases, particularly in finance, securities, and organized crime.
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Ripple CEO Brad Garlinghouse announces end of SEC case
Crypto news
News story
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.
Crypto news
Claim
In July 2023, U.S. District Court for the Southern District of New York Judge Analisa Torres ruled that some of Ripple’s sales, called programmatic, of XRP did not violate securities laws because of a blind bid process in place for them. Torres, however, ruled that other direct token sales to institutional investors were securities
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