“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...
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 ...
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...
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.
Update on the SEC Lawsuit Against Ripple On March 6, the Court issued a 57 page opinion deciding which opinions of the SEC’s and Ripple’s experts can be considered on summary judgment (and, if needed, at trial) and which opinions need to be “stricken.” Specifically, the SEC’s expe...
Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before
However, this will depend heavily on the final outcome of the SEC vs Ripple lawsuit. You can view an XRP price prediction at on our dedicated price prediction page. The exchange predicts that the price for the crypto will increase gradually over time as more people adopt the new technology....
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...
“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...
Though Ripple CEO Brad Garlinghouse is prepared to challenge the SEC over its lawsuit, the knock may be hard to come back from.