“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...
For XRP, the SEC move against Uniswap reinforced investor expectations of the SEC appealing the Programmatic Sales of XRPruling. In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP do not satisfy the third prong of the Howey Test. The Wells notice was also a reality check...
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 ...
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...
Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before listing XRP, but didn’t face any objection. Author:PANews This content is only to provide market information and does not constitute investment advice...
“We’ve seen the lawyer’s tweet about a recently filed lawsuit but have not been served. Like any civil proceeding, we’ll assess the merit or lack of merit to the allegations at the appropriate time. Whether or not XRP is a security is for the SEC to decide. We continue to believe...
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 ...
XRP, the 6th biggest cryptocurrency by market capitalization, has recovered from the drop in value caused by the SEC lawsuit.
Since the SEC sued Ripple and its executives at the twilight of the Trump administration, there has been a legal tussle to resolve the dispute out of court. The SEC’s primary argument in theongoing lawsuitcenters around the allegation of Ripple, by and through its XRP token, violating the ...
Grayscale Investments is one of thelargest buyers of cryptocurrencieson the planet. The dissolution of its XRP Trust is likely a big blow to those hoping for a rebound in prices. However, the outcome of the SEC’s lawsuit doesn’t necessarily mean the end for XRP. As Ripple Labs explained...