“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 ...
day, even if all 100 billion XRP were available at adoption, there wouldn’t be enough to fill the need of the banks when it comes to using the digital currency to transfer from fiat to fiat. The plaintiffs also argue in their lawsuit that all signs point to XRP being a security and ...
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...
Given the net XRP sales have more than doubled during the last quarter, it is yet to be seen how the SEC responds to the fact. Disclosure: The author did not hold crypto mentioned in this article at the time of press.
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...
Update on the SEC Lawsuit Against Ripple On Tuesday, September 13, Ripple and the SEC filed their respective summary judgment motions under seal. Unsealed versions were filed and made public on Saturday, September 17. Ripple’s filings argue that the SEC is acting outside their legislative author...
End of the Line for XRP? 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 ...
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 ...