“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...
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 to appeal if the Republican Party wins the US Presidential Election. As the SEC vs. Ripple case nears its conclusion, XRP remains in...
Not entirely. In the SEC vs. Ripple lawsuit, both parties achieved partial victories. Judge Torres ruled that the $728.9 million in XRP sales to hedge funds and institutional customers constituted unregistered sales of securities, giving the SEC a win on that front. The judge also pointed out ...
Since late 2021, Ripple (XRP) coin has been suffering from a bullish and sometimes consolidating pressure due to the effects of SEC’s Lawsuit which is still yet to be settled. Despite the recent price stagnation of Ripple coin, the ne...
The SEC’s latest comments on the Ripple Labs lawsuitwere made in a separate lawsuitagainst Terraform Labs and its founder, Do Kwon, over allegedly “orchestrating a multi-billion dollar crypto asset securities fraud.” As per the SEC’s July 21 response to a motion to dismiss from Terraform...
Update on the SEC Lawsuit against Ripple Last quarter, Ripple hit a milestone with the conclusion of the fact discovery phase on August 31 – the formal process of exchanging information, including exchanging documents and taking testimony, relevant to the case. The case is currently in the exper...
Though Ripple CEO Brad Garlinghouse is prepared to challenge the SEC over its lawsuit, the knock may be hard to come back from.
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...
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.
XRP, the 6th biggest cryptocurrency by market capitalization, has recovered from the drop in value caused by the SEC lawsuit.