XRP, the cryptocurrency of Ripple, has seen a 3.7% increase in its price in the past 24 hours, outperforming most other cryptocurrencies which were trading in the red. This surge in XRP price was driven by the dismissal of the United States Securities and Exchange Commission’s (SEC) appeal in the lawsuit against Ripple.The lawsuit has […]
Ripple scored another win in its legal battle against the U.S. Securities and Exchange Commission (SEC) in July when a judge dismissed the SEC’s appeal. The SEC had argued that there were substantial grounds for differences of opinion on the matter, but the judge ruled that the agency had failed to meet its burden of […]
The ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs has taken a new turn with District Judge Analisa Torres denying the SEC’s motion to appeal its previous loss against Ripple Labs. The SEC had failed to demonstrate controlling questions of law or substantial grounds for differences of opinion.Ripple […]
Kevin O’Leary, the millionaire investor and “Shark Tank” television personality, was reportedly paid $15.7 million for promoting the now-defunct cryptocurrency exchange FTX. O’Leary allegedly received the payment in exchange for “twenty service hours, 20 social media posts, one virtual lunch, and five autographs”. The exact timeline and details of the agreement remain undisclosed, but it […]
The United States Securities and Exchange Commission (SEC) has asked a federal judge to deny Coinbase’s motion to dismiss a lawsuit by the regulator. The SEC believes that some of the cryptocurrencies listed on Coinbase’s platform are investment contracts under the Howey Test and should be subject to SEC registration. The SEC argued that Coinbase […]
US District Judge Analisa Torres has denied the Securities and Exchange Commission’s (SEC) request to appeal part of her recent decision in its lawsuit against Ripple Labs over its sales of the digital token XRP. In July, Judge Torres found that some of Ripple’s institutional sales of XRP were unregistered securities offerings in violation of […]
Bitcoin has been relatively steady in September, posting one of its strongest performances since 2012 and 2016. Trading at around the $27,300 zone on October 3, Bitcoin is up roughly 10% from September lows, and traders are confident that the next leg of higher highs has just begun. Despite attractive interest rates in the United […]
Ripple, the blockchain payment company, has won another legal battle against the Securities and Exchange Commission (SEC). Judge Analisa Torres has rejected the SEC’s motion to appeal the Ripple ruling, which was a partial victory for Ripple on July 13. The court ruled that the SEC failed to provide sufficient evidence to demonstrate that the […]
The SEC and Ripple Labs are gearing up for a courtroom showdown in April 2024, after Judge Analisa Torres denied the SEC’s request for an interlocutory appeal on October 3. The verdict of the trial could have a major impact on the crypto landscape. Ripple’s native cryptocurrency XRP spiked 5% following the ruling. In July, […]
Judge Analisa Torres has rejected the United States Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal against the recent Ripple ruling. In an Oct. 3 court order, Judge Torres denied the SEC’s motion as the SEC failed to meet its burden to show there were controlling questions of law or that there […]
