{"id":25235,"date":"2023-12-26T00:57:01","date_gmt":"2023-12-26T00:57:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/how-ripple-received-an-sec-settlement-proposal-even-before-court-battle-started\/"},"modified":"2023-12-26T00:57:01","modified_gmt":"2023-12-26T00:57:01","slug":"how-ripple-received-an-sec-settlement-proposal-even-before-court-battle-started","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/how-ripple-received-an-sec-settlement-proposal-even-before-court-battle-started\/","title":{"rendered":"How Ripple Received an SEC Settlement Proposal Even Before Court Battle Started"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Ripple\u2019s chief legal officer, Stuart Alderoty, recently discussed the U.S. Securities and Exchange Commission\u2019s (SEC) actions against the digital asset XRP on a social media platform. Alderoty on Saturday on social media platform X said that before suing Ripple, the SEC had proposed a settlement that would have labeled <a href=\"https:\/\/igaming.org\/cryptocurrencies\/ripple\/\">XRP<\/a> as a security, a move that could have significantly altered the digital asset industry.<\/p>\n<p>Alderoty shared, \u201cBefore the SEC sued Ripple, Chris and Brad (three years ago today), they offered us the following settlement: the SEC would announce to the market that XRP is a security and the market would be given a short window to \u2018come into compliance.\u2019\u201d<\/p>\n<p>However, Ripple declined this offer. According to Alderoty, the reasons were clear: \u201cWe said no because: (1) XRP is not a security, and (2) the SEC never built a framework for crypto compliance. No matter the spin that Clayton, Hinman, Gensler or anyone else puts on this case now, it was always about one thing \u2013 proving that XRP is not, in and of itself, a security.\u201d<\/p>\n<p>Ripple\u2019s stance was validated when <a href=\"https:\/\/igaming.org\/crypto\/ripple-returns-to-us-market-following-partial-win-in-sec-xrp-case-says-company-president\/\">Judge Analisa Torres ruled<\/a> in July that the automated, open-market sales of XRP were not security offerings, contradicting the SEC\u2019s claims. This decision marked a significant setback for SEC Chair Gary Gensler.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Alderoty commented on this outcome, saying, \u201cBiggest crypto story of 2023: Gary Gensler suffered his \u2018worst loss\u2019 when Judge Torres ruled that XRP is not a security\u2026 Tokens themselves are not securities. That\u2019s the law of the land.\u201d<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/how-ripple-received-an-sec-settlement-proposal-even-before-court-battle-started\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Ripple\u2019s chief legal officer, Stuart Alderoty, recently discussed the U.S. Securities and Exchange Commission\u2019s (SEC) actions against the digital asset XRP on a social media platform. Alderoty on Saturday on social media platform X said that before suing Ripple, the SEC had proposed a settlement that [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":25236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25235"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25235"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25236"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}