On August 16, Ripple Labs Inc submitted a filing opposing the US SEC’s expected interlocutory appeal related to the summary judgment granted by US District Court Judge Annalisa Torres on July 13. The financial regulator accused Ripple and two of its executives (Christian Larsen and Bradley Garlinghouse) in December 2020 of violating securities laws by […]
The United States Securities and Exchange Commission (SEC) has surprised many by announcing its intention to challenge a significant court ruling focused on Ripple Labs. This legal dispute revolves around the classification of XRP, the cryptocurrency in question, as security. The crypto industry is closely observing this latest development as regulatory dynamics continue to evolve. […]
Ripple (XRP) has finally issued a detailed response to its recent legal victory over the U.S. SEC, which occurred on July 13. While expressing initial satisfaction with the ruling, the company’s latest Q2 market report aims to address any issues related to the case. The report released by Ripple on July 31 later became publicly […]
The US court has made a ruling stating that Ripple’s token, XRP, should not be classified as a security. This decision contradicts the SEC’s perspective that most cryptocurrencies are securities and must comply with strict regulations. Judge Analisa Torres of the Southern District of New York has issued a ruling that is regarded as a […]
U.S. Congressman Brad Sherman recently made controversial remarks on the court decision involving Ripple (XRP), which sparked a contentious discussion among cryptocurrency enthusiasts. 🚨NEW: @BradSherman calls the @Ripple outcome “ridiculous”, criticizing the judge’s ruling that XRP is “sometimes a security and sometimes not.” Watch the markup live here👇🏼https://t.co/KqfDqR9LCM — Eleanor Terrett (@EleanorTerrett) July 26, 2023 […]
The US Securities and Exchange Commission (SEC) potentially appealing the court ruling in favor of Ripple and its XRP holders has sparked discussions within the crypto community. Pro-XRP lawyer John Deaton, John Deaton, provided a detailed explanation of the implications and complexities surrounding the enforcement of the summary judgment. This ruling specifically declared that XRP […]
After a recent win in its battle with the SEC, Ripple aims to get approval from regulators in the UK and the Republic of Ireland. Ripple applied for registration as a crypto asset firm with the UK’s Financial Conduct Authority. Sendi Young, the firm’s European Managing Director, revealed the latest submission to DL News. Moreover, […]
A new court ruling regarding XRP has urged the demand for clear rules in the ever-changing crypto world. US Senator Cynthia Lummis, a passionate advocate of BTC and blockchain technology, has called crypto for framework following Judge Analisa Torres’ decision. Torres ruled that Ripple’s XRP Token should not be deemed a security when sold on […]
Ripple has published a new report that showcases the immense potential of these technologies to revolutionize the global payments industry. This industry is projected to reach an astounding value of $250 trillion by 2027. The “2023 New Value Report” reveals a significant shift in the payments sector in recent years. More consumers now demand digital-first […]