Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Judge Mark Mastroianni has sided with the SEC in a case where the regulator is alleging mobile wallet firm Rivetz sold unregistered securities.
A United States District Judge has sided with the U.S. Securities and Exchange Commission in a case where the regulator is alleging that the mobile crypto wallet Rivetz sold unregistered securities, a court document "The SEC shall confer with Sprague and file a proposed judgment for injunctive and monetary relief on or before October 22, 2024," Mastroianni said."Sprague shall file any objections to the proposed judgment on or before November 5, 2024."
"The undisputed facts here clearly establish that Sprague personally promoted the ICO in the United States and knew that no registration statement was filed prior to the ICO," the SEC filing said.Ripple should pay $125 million after finding that the company violated federal securities laws
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