SEC v. Ripple: Ripple Founders Argue SEC Cherry Picked Their Comments and Public Appearance

Defendants dispute the SEC’s factual narrative and argue that the SEC “cherry-picks excerpts from documents with many authors and from public statements of..'

SEC v. Ripple Court Filing, retrieved on July 13, 2023 is part of . You can jump to any part in this filing . This part is 4 of 18. HackerNoon’s Legal PDF Series here BACKGROUND I. Factual Background C. Defendants’ XRP Marketing Campaign The SEC alleges that “in 2013 Defendants began extensive, years-long marketing efforts representing they would search for purported ‘use’ and ‘value’ for XRP—and casting XRP as an opportunity to invest in those efforts.” SEC Opp. at 4, ECF No. 841.

¶ 178; and the “Deep Dive” was posted on Ripple’s website and sent to over one hundred people, id. ¶¶ 185–86. Later, starting at the end of 2016, Ripple began to publish on its website quarterly “XRP Market Reports,” which were intended to provide “clarity and visibility” about Ripple’s market activities. Id. ¶¶ 500–01.

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