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Podcast: Unchained
Episode: The SEC's Lawsuit Against Ripple and 2 Execs: What You Need to Know
Description: Stephen Palley, partner at Anderson Kill. and Gabriel Shapiro, partner at BSV Law, discuss the SEC's lawsuit against Ripple and two executives, Chris Larsen and Bard Garlinghouse. In this episode, they explain: what was so "egregious" that the SEC went after two executives, Chris Larsen and Brad Garlinghouse, were charged why their sales showed an information asymmetry, and why that matters why the complaint comes close to being a fraud case, but why the SEC didn't charge them with fraud why the idea that XRP is a currency and therefore cannot be a security will likely not fly w...