XRP Ledger, created by Ripple Labs Inc., is an open-sourceblockchaintechnology and digital asset. This means that developers can contribute to its development and enhance its functionality.XRPserves as the native cryptocurrency of the XRP Ledger and is the commonly recognized name for it. TheXRP...
The XRP (CRYPTO: XRP) cryptocurrency, commonly known as Ripple, saw a sharp price drop on Thursday. The coin, which serves essential functions in the RippleNet international payments system, dropped as much as 11.9% in 24 hours. The price drop is the res
The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it’s a security, Bitnomial said in a lawsuit. 7206Total views 15Total shares Listen to article 0:00 News Crypto exchange Bitnomial sued the United States Securities and...
The cryptocurrency did not skyrocket when this legal matter got its final verdict. The coin price fell more than 50% when the SEC filed its lawsuit in December 2020, and XRP's chart has looked like a cross between Ethereum and Bitcoin since then. From a pure market mechanics perspective, ...
Then the SEC started suing US companies that tried this so the trend dried up, it wasn't proven illegal mind you, the SEC just created enough regulatory uncertainty and threat so no one wanted to try it just to be the standard bearer in a 4 year lawsuit (thanks Ripple!). Naturally all...
However, this is a bold claim given the market turbulence and the possibility of another lawsuit against XRP’s Ripple Labs. While most people won’t get that kind of payday with an XRP runup, most analysts agree that it is about to break out big time. ...
However, with the XRP lawsuit stretching into 2022, it appears that the SEC wields more influence over Ripple’s legal status than any other American regulator. Time to end this rodeo FTX co-founder and CEO Sam Bankman-Fried alsodelivered his testimonybefore the U.S Senate Committee. The exe...
The crux of the lawsuit involves whether Ripple's token – XRP – is itself a security under the federal securities laws or if the underlying transactions involving XRP were securities transactions. This analysis turned on the court's application of the multipart test established by the U...
2024 could be a pivotal year for Ripple. With the legal hurdles of the SEC lawsuit lifted, institutional adoption seems like a big XRP driver.
“But you know, we certainly are at a point in scale, where that is a possibility. And we’ll look at that once we’re past this lawsuit with the SEC.” Garlinghouse’s comments come as cryptocurrency prices have taken a beating in recent weeks. XRP is down 42% in the last 30 days...