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Will Ripple rectify the missed court filing deadline by November 7, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records and filings related to the Ripple case
Story
Ripple Faces SEC Heat After Missing Court Deadline, Invests $50M
Oct 24, 2024, 03:47 AM
Ripple Labs is facing significant challenges in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company recently missed a critical court filing deadline, giving them 14 days to rectify the situation or risk their legal team being disqualified from the case. The SEC filed their Form C. Ripple CEO Brad Garlinghouse has admitted that the company erred by not engaging with U.S. regulators earlier, which has now placed them under intense scrutiny from the SEC. To mitigate the situation, Ripple is investing $50 million into political donations and other efforts to improve their regulatory standing.
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Full compliance • 25%
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