Ripple vs. SEC Lawsuit Documentary to Launch within the Metaverse.
According to a Variety report, MContent, a Dubai-based content material platform, has disclosed that it has partnered with PricewaterhouseCoopers (PwC), to launch a digital actuality documentary about Ripple’s ongoing battle with the Securities and Exchange Commission (SEC).
The documentary, dubbed Ripple vs. SEC Saga, was produced by MContent and Amsterdam-based Insight TV, alongside Villain Studios, and can air in a digital theater within the metaverse.
Per the report, the Ripple vs SEC Saga will launch in MContent’s Cineverse, a digital actuality theater created throughout the metaverse mission developed in partnership with PwC.
People keen on viewing the documentary shall be required to make use of Oculus VR headsets or different augmented actuality glasses, Variety experiences.
Aside from the digital actuality theater, the documentary can be obtainable on MContent’s tokenized streaming platform.
Speaking concerning the growth, Umair Masoom, founder and CEO of MContent, stated in a press release:
“The immersive cinema expertise, designed in collaboration with PwC, has world scalability and mass adoption functionality,”
Masoom added that the thought of bringing the MContent Cineverse to a world viewers is to “enhance funding and screening alternatives for hundreds of impartial filmmakers,” who wish to additionally launch their media content material on the platform.
The plot of the documentary borders round Ripple’s ongoing authorized battle with the SEC.
Recall that in late 2020, the Securities and Exchange Commission charged the favored blockchain firm and two of its executives, Brad Garlinghouse and Chris Larsen, for conducting an unregistered securities providing within the United States.
While the SEC is satisfied Ripple breached its legal guidelines by the sale of XRP, the fintech firm has maintained that its digital token shouldn’t be a safety however a forex.
The argument has led to a long-term battle that has lasted for greater than a 12 months, with each events not keen to succeed in a settlement settlement.
At the second, Ripple’s response to SEC’s request to redact some parts of assembly’ minutes with the federal company and different third events is due on April 4, 2022.