Another Big Win for XRP: SEC Makes Fresh Order In Favor of Ripple
Main Idea
The SEC has issued an order waiving the 'Bad Actor' disqualification for Ripple, marking another legal victory for the company in its ongoing dispute with the regulator.
Key Points
1. The SEC's order waives the 'Bad Actor' disqualification under Rule 506(d) of Regulation D, which previously restricted Ripple from certain exempt securities offerings.
2. This waiver is seen as a significant relief for Ripple, even though Judge Torres denied the motion to lift the permanent injunction against the company.
3. The move could aid Ripple's broader business plans, including the formation of the Ripple National Trust Bank (RNTB).
4. For XRP holders, the waiver removes a source of regulatory friction, though its long-term impact depends on Ripple's financing choices and regulatory responses.
5. The decision is described as the 'next best thing' after the court's refusal to dissolve the permanent injunction.
Description
The U.S. Securities and Exchange Commission has issued an order waiving the “bad actor” disqualification that arose from the permanent injunction against Ripple, a procedural change that eases regulatory constraint. The decision comes shortly after both parties filed to dismiss their appeals , marking another step in winding down the long-running dispute. Bill Morgan, a prominent attorney who has followed the case, weighed in on this development, describing the SEC order as another win for Rippl...
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