Charles Hoskinson, the American entrepreneur and the co-founder of the blockchain company Input Output Global and Cardano, released his new Surprise AMA video on his YouTube channel. While answering many questions, he mentioned the rumor that the case charged by SEC on Ripple would be settled.
Previously, in December 2020, the US Securities and Exchange Commission(SEC) alleged Ripple for raising funds, “beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering to investors in the U.S. and worldwide”.
After the last month’s court hearing, there had been rumors emerging that the case would come to an end soon with a positive result for Ripple Labs. At the end of November, the court ordered SEC to hand over the “Hinman documents”, which were submitted to the SEC on October 20.
The Ripple General Counsel, Stu Alderoty commented that SEC is “acting outside their legal limits”:
Source: Cryptocurrency - investing.com
