The Securities and Exchange Commission (SEC) and Ripple Labs are engaged in a legal battle over the regulatory status of XRP. Last week, the SEC attempted to appeal a court decision allowing Ripple to use a “fair notice” defense. However, prominent lawyers have predicted the appeal’s inevitable rejection. Ripple’s chief counsel, James K. Filan, and […]
FTX, a collapsed crypto exchange, has moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons. The tokens include LINK, SUSHI, LUNA, and YFI, and the transfers were conducted through Wormhole Bridge. It is unclear if the transfers are connected to the exchange’s bankruptcy proceedings or its recent request […]
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the approval of spot-based Bitcoin (BTC) exchange-traded funds (ETFs) until October. This includes bids from financial firms Invesco, WisdomTree and Valkyrie. A Bitcoin ETF would give investors exposure to the crypto asset through brokerages, much like precious metals such as gold and silver. […]
Ripple Labs and the US Securities and Exchange Commission (SEC) are preparing for the second round of their legal battle. The case has been ongoing for three years and revolves around the status of the XRP token. The SEC requested an interlocutory appeal, which was granted by Judge Analisa Torres. Ripple argued that the appeal […]
Amidst a series of rapid developments, the XRP cryptocurrency market has experienced heightened activity. Whale Alert reported a significant transfer of 66,666,659 XRP (approximately $33,065,809) from Binance to an undisclosed wallet, sparking speculation about its potential impact and its proximity to the $1 price point. Ripple has also placed substantial XRP amounts into secure escrow […]
Ripple executives have recently applauded the US court for proving that the SEC is out of control and consistently wrong on the facts and the law regarding the cryptocurrency market. The SEC has lost three crypto-related battles in two consecutive months; against Grayscale, Uniswap, and Ripple. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted that the […]
Institutional investors have long sought access to assets in a familiar environment, and exchange-traded funds (ETFs) provide just that. For years, various product providers have been attempting to launch the first spot-based US Bitcoin ETF, but the Securities and Exchange Commission (SEC) has been steadfast in its refusal to approve such a product, despite approving […]
Jay Clayton, the former US Securities and Exchange Commission (SEC) Chair, has expressed his confidence that the approval of a Bitcoin (BTC) spot Exchange-Traded Fund (ETF) is inevitable. In a recent interview with CNBC, Clayton highlighted the demand from retail investors and the willingness of trusted providers to offer this investment product to the public. […]
Coinbase customers can now buy and sell PayPal’s new US dollar-pegged stablecoin, PayPal USD (PYUSD), on the exchange’s website and mobile apps. The top US crypto exchange officially rolled out trading support for the asset, which aims to maintain a 1:1 peg with the US dollar, last week. PayPal unveiled PYUSD earlier this month and […]
Ripple’s legal team has suggested that the United States Securities and Exchange Commission (SEC) has not met the requirements to request an appeal in the ongoing lawsuit between the two parties. In a filing with the U.S. District Court for the Southern District of New York, Ripple’s lawyers argued that the SEC’s grounds for an […]
