“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...
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 ...
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...
XRP, the 6th biggest cryptocurrency by market capitalization, has recovered from the drop in value caused by the SEC lawsuit.
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...
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 ...
“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 ...
The SEC Lawsuit Against Ripple On March 22, the SEC submitted to the Court their request for remedies against Ripple for its historic Institutional Sales of XRP. The SEC has asked the court for ~$2B which comprises: (1) ~$900M in disgorgement; ~$200M in prejudgment interest on the disg...