Players/Report #82

SEC v. Ripple Labs — Judge Torres + Bifurcated Howey

The Bureaucratic-Friction Litigation, Not Choreographed Clearing

Filed Dec 22 2020. The Securities and Exchange Commission (SEC) complaint alleging Ripple, Garlinghouse, Larsen sold $1.3 billion+ XRP as unregistered securities (1933 Securities Act §5).

Also in Report #82

GENIUS Act + FinCEN/OFAC Implementing NPRMAll PlayersAtkins SEC + Project Crypto + March 17 2026 Interpretive Release