{"id":12808,"date":"2023-08-10T05:15:06","date_gmt":"2023-08-10T05:15:06","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=12808"},"modified":"2023-08-10T05:15:07","modified_gmt":"2023-08-10T05:15:07","slug":"jury-trial-in-sec-v-ripple-labs-to-be-set-for-q2-2024","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12808","title":{"rendered":"Jury trial in SEC v. Ripple Labs to be set for Q2 2024"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Two Ripple executives named in a federal securities case have been scheduled for a jury trial, according to a court filing dated Aug. 9.<\/p>\n<p>The upcoming proceedings concern Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen. The U.S. Securities and Exchange Commission (SEC) previously alleged that the two individuals engaged in unlawful securities offerings involving the XRP token and aided and abetted Ripple&#8217;s partially disproven regulatory violations.<\/p>\n<p>The latest filing indicates that the court will conduct a jury trial for Garlinghouse and Larsen in the second quarter of 2024.<\/p>\n<p>The involved parties must submit blackout dates by Aug. 23. They must also submit various other pretrial filings by Dec. 4, including motions <em>in limine<\/em> that attempt to exclude evidence from the trial. Plus, they must file any opposition to those motions <em>in limine<\/em> must by Dec. 18.<\/p>\n<p>Past filings from July 13 indicate that the defendants contested whether they &#8220;knew or recklessly disregarded facts &#8221; around securities regulations and whether they truly aided or abetted any violations on Ripple&#8217;s part. This is partly due to Ripple distancing itself from the XRP Ledger and Larsen&#8217;s changing role in the Ripple ecosystem.<\/p>\n<p>The court found that &#8220;reasonable jurors&#8221; could conclude that the two executives did not commit those actions, thus granting them a jury trial.<\/p>\n<h2>Ripple&#8217;s victories<\/h2>\n<p>The SEC alleged that Garlinghouse and Larsen sold unregistered securities as part of its broader case against Ripple, which began in December 2020.<\/p>\n<p>On July 13, Judge Analisa Torres granted a summary judgment on institutional sales to the SEC and a summary judgment on programmatic (or exchange) sales to Ripple, respectively. The latter ruling determined that the XRP token is not a security insofar as it was sold on exchanges in programmatic sales or distributed in other ways.<\/p>\n<p>Ripple announced its victory on July 19 but acknowledged that future court proceedings would concern contractual sales to institutional investors.<\/p>\n<p>It did not mention that further proceedings would concern two of its most notable executives, although the proceedings around Garlinghouse and Larsen were mentioned in Judge Torres&#8217; July 13 decision.<\/p>\n<p>The post Jury trial in SEC v. Ripple Labs to be set for Q2 2024 appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/jury-trial-in-sec-v-ripple-labs-to-be-set-for-q2-2024\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two Ripple executives named in a federal securities case have been scheduled for a jury trial, according to a court filing dated Aug. 9. The upcoming proceedings concern Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen. The U.S. Securities and Exchange Commission (SEC) previously alleged that the two individuals engaged in unlawful securities offerings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-12808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12808"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12808\/revisions"}],"predecessor-version":[{"id":12810,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12808\/revisions\/12810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12809"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}