On May 30, a significant development unfolds in the ongoing class action lawsuit against Ripple Labs. A public hearing is set to address various motions, including those to exclude witness testimonies and a motion for summary judgment. This hearing, accessible to all counsel, the public, and the media via Zoom, marks a crucial juncture in the legal battle.
The case, formally known as In re Ripple Labs Inc, Zakinov vs Ripple, takes center stage in the legal arena. The judge's decision during this hearing holds potential implications not only for the immediate lawsuit but also for the broader legal landscape, including the high-profile SEC v. Ripple case. Allegations of violating securities laws by selling XRP as unregistered securities and engaging in unfair business practices form the crux of the matter.
Attendees can observe proceedings regarding motions to exclude testimonies from notable figures like Alan Schwartz, executive chairman of Guggenheim Partners, and other experts. Additionally, the court will deliberate on a motion for summary judgment, a pivotal aspect of the legal process.
Bill Morgan, representing XRP interests, offers insights into the case, particularly regarding the exclusion of Alan Schwartz's testimony. The outcome of this hearing holds significance not only for the immediate lawsuit but also for its potential ramifications on other legal battles, including those involving the SEC, Binance, and Coinbase.
Ripple CEO Brad Garlinghouse's recent comments have stirred speculation within the crypto market. Despite legal challenges, Garlinghouse remains optimistic about XRP's future, anticipating victory in the long run. However, market performance reflects uncertainty, with XRP trading at $0.51, showing slight declines in the past 24 hours and a week.
As legal proceedings unfold, the future of Ripple Labs remains uncertain amidst regulatory scrutiny. Market fluctuations reflect ongoing uncertainty, emphasizing the need for clarity and resolution in the legal arena.
Trump’s trade war spurred a market downturn, wiping out billions in a day. Bitcoin fell below $85,000, Ethereum dropped 11%, and crypto lost $500 billion, erasing gains from his US Crypto Reserve announcement. Is this a brief dip or a deeper decline?
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WeatherlyRipple’s RLUSD stablecoin has received regulatory approval from the NYDFS, enabling its launch. The approval positions RLUSD to compete with major stablecoins like USDT and USDC, with Ripple planning partnerships and expansion into the DeFi space.
WeatherlyAmazon just recently launched App Studio, a service that uses GenAI to open app development to an entirely new set of builders – technical professionals without software development skills, like IT project managers and enterprise architects.
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Huang BoToday's digital collection market has long passed the period of contention among a hundred schools of thought. It is now an era when at least thousands or even hundreds of thousands of flowers are blooming. Through a simple combing, we have concluded that there are mainly the following types of digital collection products on the market.
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cryptopotatoUnder this agreement, Tether will actively engage in BTU's education programs, focusing on blockchain, cryptocurrency, and peer-to-peer technologies.
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BitcoinistThe Fed vice-chairman told the U.S. House of Representatives Financial Services Committee that a CBDC would provide stability and interoperability in an increasingly complex economic system.
CointelegraphV2B Labs had an amazing time being part of Ideathon Pitch Day, a blockchain event organized by the Algorand in ...
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