The SEC lawyers’ latest approach, according to Jeremy Hogan, a partner at the American law firm Hogan & Hogan, who has been closely watching and commenting on the SEC’s action against Ripple, appears to be a tremendous mistake.
The SEC “filed a case against Ripple Labs Inc. and two of its executives, who are also significant security holders, charging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering,” as you may recall, on December 22, 2020.
The most recent development in this case occurred on February 17, when Ladan Stewart, Senior Trial Counsel at the SEC’s Division of Enforcement, sent a letter to U.S. Magistrate Judge Hon. Sarah Netburn of the United States District Court for the Southern District of New York, requesting “partial reconsideration and clarification of the Court’s January 13, 2022 order.”
It’s a wrap for this story.