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The SEC Urges The Court To Pass Its Proposed Final Judgment in Latest Reply Brief

Published 05/08/2024, 05:55 PM
Updated 05/08/2024, 06:15 PM
The SEC Urges The Court To Pass Its Proposed Final Judgment in Latest Reply Brief
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  • The SEC has officially filed its redacted remedies reply brief in the case against Ripple.

  • According to the SEC, Ripple is likely to repeat the offense it is accused of.

  • The SEC pleaded that the court enter its Proposed Final Judgment as The Final Judgment.

The U.S. Securities and Exchange Commission (SEC) has officially filed its redacted remedies reply brief and supporting exhibits in the ongoing case against Ripple. The filing is now publicly available after initial reports that the SEC made it under seal on the deadline day, May 6, 2024.

In the filing, the SEC urged the court to enter the requested injunctions, citing the parties’ agreement that the question is whether there is a reasonable likelihood that Ripple will repeat the offense. The commission also noted that Ripple does not dispute two key factors, one of which is being liable for a violation, and the other is that the offense happened over many years.

According to the SEC, courts readily enter injunctions i…

The post The SEC Urges The Court To Pass Its Proposed Final Judgment in Latest Reply Brief appeared first on Coin Edition.

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