Yassin Mobarak, founder of the private equity firm Dizer Capital, believes that the United States Securities and Exchange Commission (SEC) could withdraw all accusations against Ripple and its CEO Brad Garlinghouse. Mobarak claims that the SEC is using litigation to maintain uncertainty in the crypto sector and that a trial could expose their corruption. The legal dispute between Ripple and the SEC began in December 2020, with Ripple recently winning an appeal request by the SEC that was dismissed. The SEC has been determined in previous cases, leading some to believe that they will not call it quits in favor of Ripple but try to delay the conclusion as long as possible.
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Information |
Details |
Geography |
North America |
Countries |
🇺🇸 |
Sentiment |
neutral |
Relevance Score |
8 |
People |
Judge Torres, Brad Garlinghouse, Yassin Mobarak |
Companies |
SEC, PrimeXBT, Binance, Ripple, Dizer Capital |
Currencies |
US Dollar, Ethereum, Sector, XRP, Bitcoin |
Securities |
None |