Ripple SEC Settlement: 500M XRP Unlocked as Remedies Ruling Looms
Ripple's release of 500M XRP triggers an 8% price drop and renewed settlement speculation. Legal experts predict appeals and a potential August ruling.
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Ripple's release of 500M XRP triggers an 8% price drop and renewed settlement speculation. Legal experts predict appeals and a potential August ruling.
Ripple anticipates resolving its long-standing legal battle with the SEC, highlighting the broader need for clear crypto regulations in the U.S.
The hacking incident targeting tvN Drama and TVING disrupted the viewing experience for millions of K-Drama fans but was swiftly addressed by the channels in collaboration with YouTube. The incident underscores the vulnerability of popular online platforms to cyber attacks and the importance of swift response mechanisms to minimize disruption and potential damage.
With the SEC poised to withdraw demands, Ripple (XRP) may soon shed its legal uncertainties, opening the door for renewed market confidence and potential growth.
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.
The United States House of Representatives Financial Services Committee has set the date for the hearing on cryptocurrency, aiming to its future and bring clarity to the digital assets ecosystem.
The next CPI release is on January 12, while the following FOMC meeting is on February 1.
Cardano founder Charles Hoskinson has made an explosive claim about the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
The sale hearing will be held on Nov. 1., and many are expected to attend.
One of the significant discussions surrounding the Ethereum Merge launch is the hard fork of the Proof-of-Work.
The EthereumPoW team faces scrutiny over delays in a proposed chainID change, and a last minute release of code.
Creditors have until September 15 to make or transfer a claim.
Ethereum’s transition to Proof-of-Stake is inching ever closer after developers agreed to a tentative date for the mainnet merge.