“The SEC picked fights with the industry and is losing badly in the Courts. They’re now fighting fellow regulators like the CFTC and falling behind international counterparts. At what point will the SEC realize they will lose the war against ETH just as they lost against XRP?” Notably, G...
Uncover the newest developments in the XRP lawsuit. Our latest report delves into the potential implications of a newly-discovered footnote in Ripple's legal document. Get the full scoop here!
That case, of course, is the lawsuit brought in December 2020 by the SEC against the blockchain-based payments network. The Commission alleges that Ripple violated federal securities laws by selling more than $1.3 billion worth of XRP to investors without registering them as securities. Ripple ...
Finally, the US Presidential Election may become relevant. Former President and Republican front-runner Donald Trump recentlypluggedcryptos. Investors view a Republican Party victory as the end of the road for SEC Chair Gensler, a boon for the US digital asset space. The SEC may end its plans ...
Q1 (and part of Q2 2022) Update on the SEC Lawsuit against Ripple On March 11, the Courtdeniedthe SEC’s request to strike Ripple’s fair notice defense recognizing that there is a serious question whether Ripple had fair notice that its distributions of XRP could be perceived to violate ...
Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before
Reiterating the old argument that the SEC’s lawsuit is “unfounded” and “misguided,” Alderoty claimed that “the case is a haphazard attempt to regulate the cryptocurrency and blockchain industry as a whole.” He went on to add, ...
Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind the XRP token (XRP-USD), alleging that Ripple and its current and former chief executives had been conducting a $1.3 billion, unregistered securities offering by selling XRP, which Ripple’s founders...
Read Also: Ripple Faces SEC’s $770 Million Settlement Demand in XRP LawsuitGlobal ExpansionWhile navigating these legal challenges in the United States, Ripple has made substantial progress on the global stage. The company recently achieved a significant milestone by securing a payment institution ...
Ripple said thesnapshotfor Flare Spark token airdrop was likely the reason behind the massive surge in volume. Despite the growing volume, a large portion of the volume was impacted due to the SEC’s enforcement action, Ripple wrote.In December 2020, SEC’s enforcement action against Ripple ...