The tide may be turning in the highly watched legal battle between Ripple Labs and the US Securities and Exchange Commission. A recent decision by the Second Circuit Court of Appeals could significantly weaken the SEC’s case and bolster Ripple’s defense.
The case in question, SEC v. Govil, involved allegations of fraudulent securities offerings by Aron Govil through his company Cemtrex. The SEC sought disgorgement, a court order requiring the return of improperly obtained funds.
However, the Second Circuit ruled that the SEC could not pursue disgorgement unless investors could prove they suffered actual financial losses. This “no harm, no foul” approach throws a wrench into the SEC’s strategy and offers Ripple a potential lifeline.
Ripple Cheers Court Victory In Similar Case
Ripple’s Chief Legal Officer, Stuart Alderoty, wasted no time celebrating the Govil decision. He highlighted the SEC’s string of recent defeats and emphasized the ruling’s relevance to
We współpracy z: https://bitcoinist.com/knockout-for-the-sec-ripple-legal-wins-pile-up/
