Bearish scenario: Ripple loses the case, and the token gets banned worldwide – In this case, Ripple will need to find a different business model, and the price of XRP can crash to the lows of around $0.15. It will be interesting to see what happens with the lawsuit, moving forward. ...
Lawsuit Filed Against FTX and Celebrity Promoters On Nov. 16, aclass-action lawsuitwas filed in a Florida federal court, alleging FTX was a fraudulent cryptocurrency scheme designed to take advantage of unsophisticated investors across the U.S. High-profile celebrities and professional athletes such ...
if a trader opened a BULL/USD - 3x long bitcoin token and bitcoinrallied10% from the time of purchase, the leveraged token would gain 30%. FTX's leveraged tokens had no margin requirement.
An SEC enforcement action isn’t always a lawsuit pursuing civil charges, which are usually filed in federal court in New York or the District of Columbia. If the SEC determines that a crypto business has violated securities laws, it can alternatively issue a cease-and-desist order. Acease-...