And when it is made, it will be made by the District Court.” The question is not yet resolved, so a determination has not yet been made. The enforcement action, by contrast, asks that question. A determination …resolves the question of whether XRP is a security. ‘But XRP is no more security after the SEC filed the enforcement action than it was before it. This ruling, coupled with a separate filing the SEC made today, should put to rest any confusion the SEC has NOT determined that XRP is a security.” “Today, the Court in Delaware rejected Tetragon’s claim that the SEC had officially determined XRP’s status. The latter has now stated that Tetragon’s current lawsuit is of no value as the court has not officially ruled that XRP is confidential. Under the terms, an agreement was made between both companies that if XRP was deemed secure, Tetragon would be allowed to request a share buyback and a refund from Ripple. Under the terms, an agreement was made between both companies that if XRP was deemed secure, Tetragon would be allowed to request a share buyback and a refund from Ripple. or any other liquid asset until the payment is made. As the Delaware Judge stated: But XRP is no more. This ruling, coupled with a separate filing the SEC made today, should put to rest any confusion the SEC has NOT determined that XRP is a security.
#Tetragon xrp series#
In public filings, the investment firm says it seeks to exercise a contractual right to require Ripple to buy back the Series C round preference shares held by Tetragon and to block Ripple from using any cash. Today, the Court in Delaware rejected Tetragon’s claim that the SEC had officially determined XRP’s status. UK-based Tetragon Financial Group, with total assets of $ 2.32 billion, has filed a lawsuit against Ripple with the Delaware Chancery Court. Ripple is denying Tetragon’s request for a preliminary injunction And today, Ripple has officially announced this lawsuit, disproving Tetragon’s accusations. Not so long ago, Ripple Labs itself sued by their major investor after the US Securities and Exchange Commission announced that the company had sold unregistered XRP securities for 7 years.
0 kommentar(er)
