Congratulations To Ripple and ALL XRP Hodlers 🥳
The SEC (Securities and Exchange Commission) has granted Ripple Labs, Inc. a waiver from a Regulation D Rule 506(d) disqualification that resulted from a past court injunction in the SEC’s lawsuit against Ripple.
Background: In 2020, the SEC sued Ripple for alleged violations of the Securities Act. In August 2024, a final judgment permanently barred Ripple from certain activities, triggering a restriction that would normally prevent them from using certain private investment exemptions.
Appeals & Settlement: Ripple and the SEC had agreed to remove the injunction, but the court refused. The appeals have since been dropped, leaving the injunction in place.
Waiver: Despite the injunction, the SEC determined there was "good cause" to allow Ripple to retain access to the Regulation D Rule 506 exemption for private offerings.
Outcome: Ripple can now legally participate in certain private securities offerings without being blocked by the previous disqualification.
In short: The SEC is letting Ripple access private fundraising channels again ✅💼, despite the ongoing injunction from the earlier legal case.
https://docs.publicnow.com/viewDoc.aspx?filename=37280%5CEXT%5C611E2969C98EFF9B5E3C292BFF61C4EE6F7C1B39_34F90CF50AF6EED0517CD9EE15C7D608484BCB22.PDF