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. ...
The SEC has acknowledged that not all cryptocurrencies will meet the definition of securities. It has also stated that an asset with autility functionis less likely to be considered a security, as utility tokens are designed to be used within a blockchain's ecosystem to grant rights or access...
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 ...
2023, but was subsequentlyconvictedby a jury on Nov. 2 at the end of a month-long trial that began Oct. 2.His associates had pled guilty and testified at trial that he played an active role in the alleged crimes. Bankman-Fried will attend a second trial on March 24, ...