US Securities and Exchange Commission (SEC) with Ripple (XRP) The waters are not settled in the case that has been going on for more than a year.
with the SEC Ripple Numerous lawsuits have been filed against the SEC since the litigation began. A new one has been added to these cases.
SEC’s Former Executives Sued!
Now the ex-chairman of the SEC Jay Clayton and former SEC executives Bill Hinman A lawsuit was filed against him.
one of the XRP investors Attorney Fred Rispoli, representing Shannon O’Leary, In his post on his Twitter account, he announced that they had filed a lawsuit against Clayton and Hinman.
On April 11, 2022, a class action lawsuit was filed against Mssrs. Clayton and Hinman for tortious interference in ALL XRPL Network Users’ valid business expectancy in the XRPL Network. The Lead Plaintiff and my client, Shannon O’Leary, decided to take a stand. 13/20
— Fred Rispoli (@freddyriz) April 13, 2022
Rispoli, the attorney who filed the lawsuit, stated that former executives of the SEC, Clayton and Hinman, violated federal regulations under the XRP case, with their actions. XRP He claimed they wanted to destroy it.
Rispoli said the claims under the lawsuit exceeded $5 million.
Arguing that there is serious corruption in the SEC, Rispoli made the following statements regarding the lawsuit filed against Clayton and Hinman:
“Those inside know about the corruption and bribes in a state institution that was established in the past to provide justice and protect personal rights.
We know that this scam system launched an attack against American and global innovation, namely digital assets and blockchain technology.
In this context, Clayton and Hinman, operating outside the SEC, wanted to destroy the XRP Ledger Network upon some customer requests, and took unreasonable and inappropriate actions.
As a result, we filed a class action lawsuit against Mr. Clayton and Mr. Hinman on April 11, 2022.”
The head of the SEC was Jay Clayton when the SEC filed a counterclaim against Ripple, alleging that XRP is a security.
However, Clayton resigned shortly after the lawsuit was filed, handing over his place to current president Gary Gensler. Clayton’s resignation was interpreted as deliberately trying to harm Ripple.
As it will be remembered, the judge who handled the case recently rejected the SEC’s request and decided in favor of Ripple.