XRP price suddenly surges, is Ripple v. SEC ruling coming soon?
XRP rises amid speculations of imminent SEC case resolution against Ripple.
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XRP rises amid speculations of imminent SEC case resolution against Ripple.
The SEC has countered Ripple’s use of the Binance case in their legal battle, arguing that Ripple's selective interpretation is irrelevant. Disputes continue over fair notice and penalties, with Ripple suggesting a maximum of $10 million and the SEC advocating for $2 billion.
Ripple Labs strengthens its defence against the SEC by referencing a recent Binance ruling, criticising the SEC’s litigation approach, and seeking judicial clarity on XRP sales. They argue for reduced penalties due to the lack of prior regulatory clarity.
Ripple questioned the SEC's fine, arguing that it should be based on the Terraform Labs settlement and that the fine should not exceed $10 million. The SEC responded by demanding a settlement of $102.6 million.
Ripple announced yesterday (12th) the upcoming launch of the XRPL EVM Sidechain, using Axelar as the sole bridge for the sidechain. Additionally, they introduced a new stablecoin, RLUSD.
Ripple sells 150 million XRP from reserves, impacting market dynamics. Historical trends show correlation between sales and XRP price downturns. Investors urged to monitor Ripple's sell-offs for potential market impact.
Binance witnesses a mysterious withdrawal of 50 million XRP, part of a surge in whale activity. Unknown destination wallets hint at potential institutional involvement. Coincides with XRP's recent price rebound, suggesting strategic moves by large holders amid market changes.
Ripple CEO questions Dogecoin's value, advocating for utility-driven cryptocurrencies at Consensus 2024.
Schwartz dispels Satoshi Nakamoto rumors at Consensus2024. Asserts "absolute proof" in social media photos. Announces Ripple's institutional DeFi vision at X account. Refutes claims, cites lack of Qt familiarity.
Whales move over 320 million XRP amid Ripple's SEC response. Despite this, XRP price falls 1.33% to $0.5189, reflecting broader market trends. On-chain data shows reduced futures market enthusiasm. Analysts remain bullish, expecting XRP to surpass $1 soon.
Montenegro's Appellate Court overturned Do Kwon's extradition approval, citing legal procedural issues.
Double blessings! SEC’s motion to file an interlocutory appeal against Ripple has been denied and the latter has achieved a significant milestone by obtaining a major payments institution license from the MAS.
In the seemingly never-ending Ripple vs. the SEC’s development, Judge Analisa Torres has responded affirmatively to the latter’s entreaty to embark on a motion to request an interlocutory appeal.
The SEC has taken a pivotal step by finally pursuing an appeal in response to a consequential XRP ruling made by Judge Analisa Torres last month.
The U.S Securities and Exchange Commission (SEC) is reportedly asking a federal judge to pay...
SEC lawyers previewed a likely appeal to overturn portions of last week’s Ripple Labs in a separate enforcement case against TerraUSD and Luna creators Do Kwon and Terraform Labs.
Analysts saw a federal judge’s split decision in the Securities and Exchange Commission’s case against Ripple as a ‘wake-up call’ for the SEC, though the decision could be reversed on appeal. The extent of the decision’s impact beyond Ripple’s case remains to be seen, as the judge declined to rule that some of Ripple’s sales of XRP violated securities law, though sales to institutional investors did.
Kwon’s attorneys will seek to reduce the 30-day detention extention period ruled by the Montenegrin authorities.
The U.S. Department of Justice (DOJ) is appealing a recent court decision that approved Binance.US’ acquisition of embattled crypto lender Voyager Digital.
The U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.