CandleFocus XRP Lawsuit: Ripple CTO Reveals Legal Struggles and the Silence He Was Forced Into
2025-01-10
Author: Content Editor
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) is gaining attention and has significant implications for the cryptocurrency industry. The lawsuit accuses Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen of conducting an unregistered securities offering and raising over $1.3 billion through the sale of XRP. Ripple's CTO, David Schwartz, recently expressed frustrations about the lawsuit, as legal constraints prevent him from speaking certain truths about the situation. Schwartz finds solace in others expressing these truths on Ripple's behalf. Despite his willingness to be more open, Schwartz believes discussing the past in detail would not be productive due to legal and strategic constraints. In an update, a judge has allowed Garlinghouse to keep certain court documents sealed to protect sensitive information.
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