SEC plans to appeal the Programmatic Sales of XRPrulingremained an XRP headwind. There were noSEC v Ripple case-related updates to influence investor sentiments. SEC v Ripple: It could be a pivotal week for XRP and the broader crypto market. A court ruling in the ongoingSEC v Coinbase(COIN...
There were noSEC v Ripple case-related updates for investors to consider. However, according to the court briefing schedule, the SEC had to file its remedy-related opening brief by Mar 22. The opening brief relates to the July 2023rulingon XRP sales to institutional investors. Judge Analisa T...
While there is still a hot debate about the XRP court case, which is still not completely closed, crypto analysts are optimistic, predicting that it is possible for XRP to reach $1 in 2024 and even get back to its previous all-time high of $3 in 2023. However, its price action has...
Ripple’s General Counsel also reminded Rep. Sherman that the United States has not yet classified XRP as a security and that the case is currently being challenged in court- and that only the court can determine whether XRP is a security. “When elected officials don’t understand that the ...
“The hypocrisy in arguing to the court, on the one hand, that the speech is not relevant to the market’s understanding of how or whether the SEC will regulate cryptocurrency, and on the other hand, that Hinman sought and obtained legal advice from SEC counsel in drafting his speech, sug...
In addition, after being ordered six times by the Court over 18 months, the SEC finally produced the documents related to drafts of Hinman’s infamous 2018 speech, which included remarks on why he did not consider offers and sales of BTC and ETH to be securities transactions. Since Hinman’...
reports opining on various aspects of the case. In response to an extension request by the SEC, the Court has ordered expert discovery to conclude by mid-January 2022. While the legal process may feel slow, Ripple has sought, and will continue to seek, toexpedite the case as quicklyas ...
There were noSEC vs. Ripple case-related updates to influence buyer demand for XRP on Thursday. Investors await the court ruling on Ripple’sMotion to Seal. Ripple filed the Motion to Seal, arguing to seal nonpublic information, including financial statements. ...
Ripple’s financial capacity to pay potential punitive penalties may be a factor to consider. However, a court order prohibiting Ripple from selling XRP to institutional investors would impact plans to grow the US business. US case lawcould allow Ripple to address allegations of breaching securiti...
Ripple’s reply brief in support of its motion for summary judgment where the company asked the court to grant judgment in the company’s favor was madepublic. After two years of fighting this lawsuit on behalf of the entire crypto industry and American innovation, the case is fully briefed ...