Was not expected Ripple on the court will be to protect former members of the SEC
Source:
At the hearing in the case of Ripple startup will be protected by two former employees of the Commission on securities and stock exchanges of the United States reports . One of them was a former Chairwoman of the SEC Mary Jo white.
theSEC guard cryptocurrency
A lawsuit filed against Ripple investor Ryan Coffey in may. The basis of his claim against the company was a violation of the startup team of the Federal securities laws. Coffey is trying to figure out whether the XRP security, because Ripple insist that the coins are completely separate from the private company ownership.
The defense was made by General Manager brad Ripple, Harlingen and two former representative SEC – Andrew Zereski and Mary Jo white. First worked in the structures of the regulator's head of enforcement from April 2013 to December 2016. Mary Jo white was the Chairwoman of the Commission on securities and stock exchanges of the United States from 2013 to the end of the Obama administration in January 2017.
At the moment the proceedings in the lawsuit was moved from the California Supreme court to the regional court in Northern California. The lawsuit is called XRP II, business is entered in the registry of the Bureau of municipal services.
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