“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...
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...
The executives have personally sold about $600 million in XRP, the SEC said. Ripple violated federal securities laws by not registering XRP as a security, which would require greater disclosure, giving investors a more complete background as they value it, the SEC said. "Here, we allege that...
XRP is ideally suited for global payments because it is faster, less costly and far more scalable than other digital assets. Here is a quick snapshot of XRP vs. bitcoin (as of 10/14): Speed: 3.80 seconds (XRP) vs. 9.2 minutes (BTC) TPS: 1500+ (XRP) vs. 7 (BTC) Fee: $0.0003 ...
investors in the new products should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators, such as the sec, finra, or other regulatory bodies may have regarding such products. as a result, shareholders of such products should...
Q4 (and part of Q1 2022) Update on the SEC Lawsuit against Ripple December 22 marked theone year “anniversary”of the SEC lawsuit against Ripple – and the company continues to seek clear regulatory guidance within the U.S. Notably, theWall Street Journalpublisheda Letter to the Editor from...
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...
Update on the SEC Lawsuit Against Ripple On July 12, Judge Netburndeniedthe SEC’s attorney-client privilege claims relating to drafts of a June 2018 speech by former SEC director William Hinman, which included remarks on why he did not consider offers and sales of bitcoin and ether to be ...