SEC vs. crypto case-related updates, SEC-related news, and crypto-spot ETF chatter warrant investor attention. Conversely, a drop below the 50-day EMA could give the bears a run at the 200-day EMA and the $0.5740 support level. Buying pressure may intensify at the $0.5740 support level....
Ripple(CCC:XRP-USD) is seeing its price increase on Monday following an update for the ongoing lawsuit against it from the U.S. Securities and Exchange Commission (SEC). Source: Shutterstock The SEC lawsuit against Ripple Labs was responsible for a drop in the price of the cryptocurrency. Th...
Donald Trump’s election victory, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge. 14873 News XRP returns to 3rd-largest crypto after 4-year battle with SEC Dec 02, 2024 by Helen Partz XRP has made a historic ...
MoneyGram Drops Ripple Citing SEC Lawsuit-[briefly] 05:48 PM EST - Feb,22 2021 -post a comment Wire transfer service MoneyGram has suspended its partnership with Ripple Labs in the wake of the SEC's lawsuit against the crypto payments firm. That suit, filed in December, alleged that Ripple...
There were noSEC vs. Ripple case-related updates on Sunday for investors to consider. The lack of case-related news left XRP on the back foot, with investors facing a likely summer of uncertainty. After the remedy-related brief filings between March and May, the court must rule on the pena...
The lawsuit stated that the way Ripple did things amounted to “a never-ending initial coin offering” after the coins were created “out of thin air.” The US Securities and Exchange Commission (SEC) took an interest after deciding that XRP amounted to unregistered securities. In 2020, they...
Update on the SEC Lawsuit Against Ripple On March 6, the Court issued a 57 page opinion deciding which opinions of the SEC’s and Ripple’s experts can be considered on summary judgment (and, if needed, at trial) and which opinions need to be “stricken.” Specifically, the SEC’s expe...
A class action lawsuit was filed on May 3rd against Ripple Labs Inc.—a fintech startup that controls the third-largest cryptocurrency in the world—and its CEO Brad Garlinghouse, alleging that Ripple sold unregistered, non-exempt securities in violation of federal and California state securities ...
In her order, Hamilton noted Ripple had argued the “misleading statement” claim should be thrown out, as XRP is not a security under the Howey test— citing a landmark ruling in July 2023 by Judge Analisa Torres in the lawsuit between the U.S. Securities and Exchange Commission and Ripp...
The SEC’s primary argument in theongoing lawsuitcenters around the allegation of Ripple, by and through its XRP token, violating the Securities Act of 1933. Ripple’s defense is that XRP serves purposes that invalidate its classification as a security. The filing cites the token’s function as...