Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n
The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
AGL, co-founded by seasoned banker Peter Gleysteen and the late Thomas Lee, has traditionally focused on bank loans and collateralized loan obligations (CLOs). However, their recent hiring of Taylor Boswell, a former executive from Carlyle Group, signals the firm\u2019s move into direct lending, Bloomberg<\/em> reported.<\/p>\n\n\n\n Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to sources who shared information with Bloomberg, the Abu Dhabi Investment Authority (ADIA) is in advanced discussions<\/a> to act as the partner\u2019s inaugural fund anchor investor. The fund is expected to have an equity commitment of at least $1 billion at launch.<\/p>\n\n\n\n AGL, co-founded by seasoned banker Peter Gleysteen and the late Thomas Lee, has traditionally focused on bank loans and collateralized loan obligations (CLOs). However, their recent hiring of Taylor Boswell, a former executive from Carlyle Group, signals the firm\u2019s move into direct lending, Bloomberg<\/em> reported.<\/p>\n\n\n\n Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Barclays is on the verge of a significant partnership with AGL Credit Management in the rapidly expanding $1.5 trillion private credit market. The collaboration aims to bring together Barclay\u2019s loan origination capabilities and AGL\u2019s expertise in credit investments.<\/p>\n\n\n\n According to sources who shared information with Bloomberg, the Abu Dhabi Investment Authority (ADIA) is in advanced discussions<\/a> to act as the partner\u2019s inaugural fund anchor investor. The fund is expected to have an equity commitment of at least $1 billion at launch.<\/p>\n\n\n\n AGL, co-founded by seasoned banker Peter Gleysteen and the late Thomas Lee, has traditionally focused on bank loans and collateralized loan obligations (CLOs). However, their recent hiring of Taylor Boswell, a former executive from Carlyle Group, signals the firm\u2019s move into direct lending, Bloomberg<\/em> reported.<\/p>\n\n\n\n Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Barclays is on the verge of a significant partnership with AGL Credit Management in the rapidly expanding $1.5 trillion private credit market. The collaboration aims to bring together Barclay\u2019s loan origination capabilities and AGL\u2019s expertise in credit investments.<\/p>\n\n\n\n According to sources who shared information with Bloomberg, the Abu Dhabi Investment Authority (ADIA) is in advanced discussions<\/a> to act as the partner\u2019s inaugural fund anchor investor. The fund is expected to have an equity commitment of at least $1 billion at launch.<\/p>\n\n\n\n AGL, co-founded by seasoned banker Peter Gleysteen and the late Thomas Lee, has traditionally focused on bank loans and collateralized loan obligations (CLOs). However, their recent hiring of Taylor Boswell, a former executive from Carlyle Group, signals the firm\u2019s move into direct lending, Bloomberg<\/em> reported.<\/p>\n\n\n\n Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Barclays is on the verge of a significant partnership with AGL Credit Management in the rapidly expanding $1.5 trillion private credit market. The collaboration aims to bring together Barclay\u2019s loan origination capabilities and AGL\u2019s expertise in credit investments.<\/p>\n\n\n\n According to sources who shared information with Bloomberg, the Abu Dhabi Investment Authority (ADIA) is in advanced discussions<\/a> to act as the partner\u2019s inaugural fund anchor investor. The fund is expected to have an equity commitment of at least $1 billion at launch.<\/p>\n\n\n\n AGL, co-founded by seasoned banker Peter Gleysteen and the late Thomas Lee, has traditionally focused on bank loans and collateralized loan obligations (CLOs). However, their recent hiring of Taylor Boswell, a former executive from Carlyle Group, signals the firm\u2019s move into direct lending, Bloomberg<\/em> reported.<\/p>\n\n\n\n Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Barclays is on the verge of a significant partnership with AGL Credit Management in the rapidly expanding $1.5 trillion private credit market. The collaboration aims to bring together Barclay\u2019s loan origination capabilities and AGL\u2019s expertise in credit investments.<\/p>\n\n\n\n According to sources who shared information with Bloomberg, the Abu Dhabi Investment Authority (ADIA) is in advanced discussions<\/a> to act as the partner\u2019s inaugural fund anchor investor. The fund is expected to have an equity commitment of at least $1 billion at launch.<\/p>\n\n\n\n AGL, co-founded by seasoned banker Peter Gleysteen and the late Thomas Lee, has traditionally focused on bank loans and collateralized loan obligations (CLOs). However, their recent hiring of Taylor Boswell, a former executive from Carlyle Group, signals the firm\u2019s move into direct lending, Bloomberg<\/em> reported.<\/p>\n\n\n\n Barclays and AGL have been actively seeking opportunities to establish operations in the private credit sector. Barclays, in particular, has reportedly allocated significant resources on its balance sheet to support the partnership between the duo.<\/p>\n\n\n\n Conversely, Barclays is in the process of implementing significant job cuts<\/a> across its trading and investment banking divisions, according to reports from Bloomberg News<\/em>. This decision comes as the British lending group seeks to reduce costs amid a slow market.<\/p>\n\n\n\n The bank reportedly plans to reduce its workforce by dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, there are reportedly plans to restructure teams within Barclay\u2019s UK consumer banking unit.<\/p>\n\n\n\n While Barclays and its industry peers have experienced a slowdown in trading revenue compared to the previous year, the bank has made several notable hires in its markets division. These include the appointments of Scott McDavid as Global Head of Equities, Igor Cashyn as the Head of US inflation trading, and Torsten Schoeneborn as Co-Head of Group of 10 Forex Trading.<\/p>\n","post_title":"Barclays Eyes Private Credit Market With $1B AGL Credit Management Partnership","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"barclays-eyes-private-credit-market-with-1b-agl-credit-management-partnership","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:17","post_modified_gmt":"2023-09-13 03:07:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13337","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13226,"post_author":"1","post_date":"2023-09-03 12:11:54","post_date_gmt":"2023-09-03 02:11:54","post_content":"\n Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported. <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n
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