Ripple Labs has stepped up its legal battle with the U.S. Securities and Exchange Commission (SEC) after filing its Civil Appeal Pre-Argument Statement, also known as Form C. The filing comes only days after the SEC entered a last-minute appeal against several parts of a 2023 judgment which found that Ripple’s programmatic sales of its…
A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where…
The U.S. Securities and Exchange Commission (SEC) is ramping up its scrutiny of crypto assets in 2025, intensifying examinations of firms involved in offering, trading, and advising on these assets. The agency will focus on how these assets are handled as securities, ensuring compliance with standards and assessing technological risks tied to blockchain. SEC Increases…
Este artículo también está disponible en español. The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from CoinCodex shows. Despite this favorable projection, the prevailing market sentiment is pessimistic, reflecting apprehension among investors. Related Reading The Fear & Greed Index stands at 69, indicating…
Este artículo también está disponible en español. The recent increase in the appeal of spot Bitcoin exchange-traded funds (ETFs) in the United States has temporarily ceased. Related Reading On Tuesday, these funds underwent a reversal, resulting in net outflows of $79.01 million, following an extraordinary seven-day streak of positive inflows. Farside Investors are the source…
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has appeared to double down on the agency’s hardline stance on cryptocurrency regulation. In a recent Bloomberg interview, he reaffirmed that the SEC will continue its much-maligned enforcement-led approach rooted in existing securities laws despite mounting backlash from the crypto industry and lawmakers. Commission Holds Firm…
The United States Securities and Exchange Commission (SEC) has announced its examination priorities for 2025, highlighting spot crypto ETFs. The SEC’s Divisions of Examinations released its focus areas related to crypto assets, blockchain technology, and distributed ledger systems. This year, the regulator plans to look into Bitcoin (BTC) and Ethereum (ETH) exchange-traded products, a change…
The Ripple case took a new turn when former SEC lawyer Marc Fagel clarified confusion about a recent court filing. SEC Chairman Gary Gensler also stressed the agency’s enforcement-based regulatory stance. On October 22, the Second Circuit Court filed an “Acknowledgment and Notice of Appearance Default Notice.” Also Read: Jio Financial Targets ₹350 as Allianz…
The Commission is highly interested in the matter where products are recommended to investors without giving much information about the same. SEC has taken legal actions against various big companies running in the crypto world, commonly quoting the sale of unregistered securities. In the priorities report 2025 of SEC it is mentioned that investigations will…
Coinbase CEO Brian Armstrong and Tesla CEO Elon Musk have voiced their support for pro-crypto Senate candidate John Deaton in his race against Elizabeth Warren. Armstrong warned that Warren, a vocal crypto critic, has pushed harmful regulations and backed U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s efforts to curb the industry. Musk signaled…
The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary guidance. He…
October 22, 2024 at 12:15 PM GST updated: October 22, 2024 at 12:09 PM 2 mins read News Chris Larsen donates $10M in XRP to Kamala Harris, strengthening crypto’s influence in U.S. politics. Ripple’s Chris Larsen supports Kamala Harris with $10M XRP, focusing on tech innovation and crypto growth. Crypto’s role in U.S. elections grows…
Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid. The Ripple legal chief also reaffirmed XRP’s non-security status despite the appeal. 2 Outcomes: Ripple’s Stuart…
Tesla and Spacex CEO Elon Musk addressed XRP and cryptocurrency during a town hall in Pittsburgh, acknowledging crypto’s potential amid regulatory scrutiny. Musk emphasized that cryptocurrency plays a crucial role in promoting individual freedom and countering centralized control. His comments were well-received by XRP supporters, highlighting the growing importance of crypto in shaping future financial…
“This case has always felt like Moby Dick (with Gensler starring as Captain Ahab),” Alderoty said. Source link
October 21, 2024 at 01:45 PM GST updated: October 21, 2024 at 11:59 AM 2 mins read News Elon Musk mentions XRP publicly for the first time, highlighting crypto’s role in decentralization. The XRP community reacts with excitement as Musk’s comment fuels speculation about future integration. Despite speaking on XRP, Musk’s loyalty remains with Dogecoin,…
Ripple and SEC’s legal battle takes a new turn as the US regulator finally files its Form C two weeks after submitting its Notice of Appeal. Bitwise has also updated its S-1 registration with the SEC to get approval for its XRP ETF application. Ripple (XRP) was in the headlines in the past few days…
The United States Federal Bureau of Investigation (FBI) has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year. According to a press release by the United States Attorney’s Office for the District of Columbia, authorities have charged the…
Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal…
In recent developments, a notable instance occurred involving a tech titan, Marc Andreessen, and an AI bot named Truth Terminal. Andreessen’s decision to grant $50,000 in bitcoin to this semi-autonomous AI agent, to fund hardware upgrades and launch a cryptocurrency token named GOAT, illuminates potential regulatory challenges that lie ahead. This episode underscores the blurred…
The SEC approved multiple spot Bitcoin ETFs on major exchanges, marking a milestone for Bitcoin’s integration into traditional finance. SEC-approved Bitcoin ETFs enable direct Bitcoin exposure, boosting market liquidity and offering new options for managing volatility. The United States Securities and Exchange Commission (SEC) has taken a key step in the crypto sector by approving…
October 19, 2024 at 02:10 PM GST updated: October 19, 2024 at 02:06 PM 2 mins read News The SEC’s approval allows Bitcoin ETF options trading on NYSE and CBOE, enhancing market liquidity. Strict position and exercise limits are set for Bitcoin ETF options to maintain market stability and security. NYSE and CME will collaborate…
The U.S. Securities and Exchange Commission (SEC) has filed an appeal against Ripple just after its original deadline passed. This appeal, submitted 24 hours late, targets specific aspects of the ongoing lawsuit. The SEC’s appeal focuses on Ripple’s programmatic sales of XRP and actions by company executives Brad Garlinghouse and Chris Larsen. The legal battle…
The Securities and Exchange Commission (SEC) has approved New York Stock Exchange (NYSE) options trading on Spot Bitcoin ETFs. The Spot BTC ETF market has reignited in the past month, with bitcoin ETFs seeing net inflows of more than $2.1 billion in the last five trading days. The move, filed today, will allow more access…
The appeal of the SEC mentioned accusations by saying that the officials didn’t comply with the securities laws by providing and selling XRP. Ripple is also looking ahead to file its own Form C in the upcoming week keeping the SEC’s filing in mind. In July 2023, Judge Analisa Torres has passed the judgment by…
After much confusion and speculation, the Securities and Exchange Commission (SEC) has filed an appeal in its ongoing legal spat with Ripple Labs. The appeal is challenging parts of Judge Analisa Torres’ 2023 summary judgment, which found that Ripple’s sales of its XRP token to retail investors on crypto exchanges did not break U.S. securities…
October 18, 2024 at 03:10 PM GST updated: October 18, 2024 at 02:16 PM 2 mins read Crypto Live News SEC appeals XRP case ruling, challenging decisions on non-institutional and executive sales of Ripple’s token. Ripple to counter SEC’s appeal, aiming to defend court ruling that favored its digital asset transactions. Legal battle between SEC…
A hacker used a SIM swapping scheme to breach the SEC’s social media account, triggering a fake Bitcoin ETF post and a brief price surge. The FBI arrest signals a strong stance against financial market manipulation and cybersecurity breaches, emphasizing the severity of SIM swapping fraud. Following recent crypto news, including the FBI’s warning about…
XRP holders may see a price boost due to the SEC’s latest filing in the Ripple case. This regulatory news affects the entire cryptocurrency market. This statement applies even more, especially to Ripple’s coin legal status and future. Join us as we break down this information! Also Read: Top 3 Cryptocurrencies To Watch Before The…
Ripple said there are no surprises in the US Securities and Exchange Commission’s (SEC) last-minute Civil Appeal Pre-argument statement (Form C) filing in their ongoing legal battle. On Oct. 17, the SEC took further steps to appeal specific elements of Judge Analisa Torres’s ruling in its case against Ripple by submitting the long-awaited Form C…
The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared Ripple executives and non-cash XRP distributions. The outcome could have a…
Eric Council Jr. has been charged with conspiracy to commit aggravated identity theft and access device fraud In January, the SEC’s X account was hacked with a post claiming that the agency had approved the first Bitcoin ETF A day later, the SEC approved the first Bitcoin ETFs A 25-year-old man from Athens, Alabama has…
October 18, 2024 at 01:15 AM GST updated: October 18, 2024 at 12:39 AM 2 mins read News Eric Council Jr. was arrested for his role in a SIM swap attack to hack the SEC’s X account and manipulate Bitcoin prices. The hackers posted false information on the SEC’s X account, causing a temporary spike…
An Alabama man was arrested on Thursday morning after prosecutors claimed he hacked the U.S. Securities and Exchange Commission’s social media account, which posted a false announcement about the approval of spot bitcoin exchange-traded funds. Eric Council Jr. is accused of taking over the SEC’s X account in January and then transferring control to unnamed…
Pro-XRP lawyer Fed Rispoli has outlined what to expect in the US Securities and Exchange Commission’s (SEC) Form C filing. The form is expected to provide insight into the regulator’s appeal plans in its ongoing case with Ripple Labs. While many community members speculate about the SEC filing its pre-argument statement, Rispoli is certain the…
The United States Securities and Exchange Commission’s (SEC) case against Ripple faces new uncertainty, with the community questioning the deadline for the federal agency to file Form C for its appeal. Form C is typically filed in federal appellate courts to notify the court and involved parties of a petition for review of an administrative…
TL;DR Ripple and SEC are entering a new phase in their lawsuit, with filings and appeals extending the case. Bitcoin briefly surged past $68,000, fueling optimism about a potential bull run with some analysts predicting new all-time highs. Dogecoin soared to almost $0.13, attracting attention with some bold but unlikely forecasts for further gains. What…
The legal battle between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) has intensified, with new developments shaping the case. Ripple-supported Bitnomial Exchange faces more courtroom time after being named in a new lawsuit against the SEC, asserting that XRP futures were ‘security futures.’ The SEC is coming down hard on XRP and…
Market News Coinbase has filed for partial summary judgment against the SEC over its three-year delay in cryptocurrency classification requests. The motion seeks to compel the SEC to disclose documents on its stance regarding cryptocurrencies like Ether. The leading crypto exchangeCoinbase is taking a bold step against the U.S. Securities and Exchange Commission (SEC) by…
Coinbase has filed a motion in a Washington, D.C. court asking for partial summary judgment to obtain internal SEC documents. The lawsuit calls for the SEC to hand over records about its approach to enforcing against cryptocurrency. Coinbase argued the records are crucial to understanding regulatory expectations. In response to the request, the SEC claimed…
Nate Geraci, President of the ETF Store, recently stated that he believed Donald Trump winning the U.S. elections could help XRP ETFs move forward. On the Thinking Crypto podcast, Geraci said Trump’s promise to create a more crypto-friendly regulatory climate may result in the U.S. Securities and Exchange Commission taking a favorable view of XRP…
TL;DR The SEC must clarify its appeal in the Ripple case by October 17, with the full briefing process potentially extending to July 2025. Despite the ongoing legal battle, analysts remain hopeful about XRP’s future, especially if Bitcoin’s price rallies. What’s Next? The lengthy legal battle between Ripple and the US Securities and Exchange Commission…
October 16, 2024 at 11:10 AM GST updated: October 16, 2024 at 11:05 AM 2 mins read News Canary Capital plans to launch the first-ever Litecoin ETF, offering institutional investors easier access. The proposed ETF will track Litecoin’s price, reducing risks for investors while simplifying crypto exposure. Litecoin’s proven stability and uptime make it a…
October 16, 2024 at 06:30 AM GST updated: October 15, 2024 at 08:39 PM 2 mins read News Institutional interest in XRP surged 266%, driven by Ripple’s legal progress. XRP investments rose from $0.3M to $1.1M, showing growing confidence. Ripple’s legal victories and bullish technicals support optimism for XRP’s future growth. Institutional interest in Ripple…
Price movement of XRP has been slow recently; it stays about $0.53 and shows a 7% drop over the previous month. Many investors are becoming frustrated as they see the altcoin stagnating after a bit of an increase recently. Despite the weak performance, technical analysts are starting to see possible signals of a major change…
TL;DR Ripple’s legal battle with the SEC continues, with key rulings in August and ongoing appeals. Speculation surrounds Ripple’s Swell event in Miami, with potential major announcements that could impact XRP’s price. Recent Updates and Possible Developments Despite the numerous court rulings in the past several months, the legal battle between Ripple and the US…
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to…
FTX and its sister firm Alameda faced the largest crypto-related enforcement by US regulators, with a staggering $12.7 billion in combined settlement charges. According to CoinGecko’s findings, this amount tops the list of penalties imposed on cryptocurrency companies, highlighting the regulatory focus on the now-bankrupt exchange. Meanwhile, Binance’s $4 billion settlement is notable as the…
Three crypto companies and 15 individuals have been charged with extensive fraud and market manipulation. This follows an unprecedented investigation by the US Federal Bureau of Investigation (FBI), which involved creating a new digital token to help expose criminal activity in the sector. Federal prosecutors in Boston announced charges against Gotbit, ZM Quant, and CLS…
October 13, 2024 at 05:48 PM GST updated: October 13, 2024 at 04:16 PM 2 mins read News John E. Deaton’s fight for XRP holders highlights ongoing tensions between the SEC and digital asset regulation. Bitnomial’s lawsuit aims to protect XRP futures contracts from SEC overreach, challenging their jurisdiction. Recent rulings reinforce that XRP is…