Judge Fines Ripple $125M, Bans Future Securities Law Violations

Post by yieldcrv » Thu, Aug 08, 2024, 2:35 PM UTC

trogdor wrote: post #40

yieldcrv wrote: post #27

Earlier quoted context omitted.

There is a whole world of securities law that’s hidden behind client attorney privilege that each client uses to protect themselves from the SEC (and DOJ), but basically nothing has been surprising about how the SEC has fumbled in the crypto cases or in what the courts have ruled and of people familiar with this dimension of yet unchallenged securities case law, this has been one of the criticisms of the SEC: Nothing…

> There is a whole world of securities law that’s hidden behind client attorney privilege that each client uses to protect themselves from the SEC (and DOJ) What, specifically, are you referring to?

Post by cryptica » Thu, Aug 08, 2024, 11:59 PM UTC

ur-whale wrote: post #35

cryptica wrote: post #22

It's just sad how the corporate-government complex wastes taxpayer money suing itself. Ripple and the government are two sides of the same scam. One scammer operating a monetary ponzi scheme is suing another scammer for taking advantage of the ponzi to scam other people... Using the tax money of the actual victims to pay for the legal proceedings and/or damages that one scammer did to the other scammer. Meanwhile, bo…

> One scammer operating a monetary ponzi scheme is suing another scammer for taking advantage of the ponzi to scam other people That's an old argument, best summarized as "when it comes to milking the masses, the government does not like competition"

Post by Gillies123 » Fri, Aug 09, 2024, 9:20 AM UTC

Post by nullc » Tue, Aug 13, 2024, 8:13 PM UTC

infamouscow wrote: post #8

nullc wrote: post #4

Earlier quoted context omitted.

A lot of these things don't have serious consequences attached to the rule, so by ordering the party to comply they get the penalties of contempt attached.

And the judge has sole discretion with how much jail time you get for contempt (within reason).