The situation between Coinbase, Binance, and the United States Securities and Exchange Commission is likely to get ugly before a resolution is reached in one direction or another. However, Ripple has been at the forefront of the SEC’s legal actions as it received the first blow from the securities regulator during the winter of 2020....Read More
The US Securities and Exchange Commission made its way into the headlines in the past two days, by going after two of the largest cryptocurrency exchanges, alleging them of selling unregistered securities. While the SEC Chair claims these actions are for the greater good of investors, the CEO of Ripple – Brad Garlinghouse – believes...Read More
The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some...Read More
The U.S. Securities and Exchange Commission (SEC) has mysteriously removed former commissioner William Hinman’s biography from its website. This occurs only 8 days before the court requires the SEC to provide unredacted copies of all of Hinman’s emails – widely viewed as paramount to the agency’s lawsuit with crypto industry giant Ripple. Are Hinman’s Emails...Read More
The Ripple lawsuit is now rounding out its 29th month. Ripple Labs (XRP) has spent over $200M defending itself in court. Cardano and Ethereum founder Charles Hoskinson said it will probably be resolved in June. During a recent “Surprise AMA” interview on YouTube, a viewer asked Hoskinson: “Charles, do you think the Ripple case gets...Read More
Ramping up its CBDC game, Ripple announced the launch of a new platform for central banks, governments, and financial institutions to issue their own central bank digital currency. Dubbed ‘Ripple CBDC Platform,’ the offering will leverage the same blockchain technology used on the XRP Ledger (XRPL). The platform is developed to address multiple use cases,...Read More
Ripple (XRP) is this week’s frontrunner as the rest of the market continues to either consolidate or trade in a ruthless chop. The cryptocurrency has defied expectations and is trending upwards with little signs of slowing down. Here are a few possible reasons why and whether this rally could go any further. Case Against SEC...Read More
Ripple announced the acquisition of Swiss-based crypto custody provider Metaco, marking the blockchain firm’s expansion across the growing institutional crypto custody market. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple Acquires Metaco Ripple is expected to ramp up its enterprise...Read More
Brad Garlinghouse, the chief executive officer of blockchain company Ripple, believes more crypto firms and businesses will leave the United States due to confusing regulations in the country. During an interview with CNBC, the CEO said the confusion in the country would push crypto entrepreneurs and investments into other friendly regions like Europe, the United...Read More
In the latest development in a court case that’s been dragging on for years, Judge Analisa Torres denied the SEC’s request to seal documents pertaining to a speech by Bill Hinman, the director of the agency’s corporate finance division. First Attempts Blocked Last Year The speech in question, which outlines why Hinman does not consider...Read More
Ripple CEO Brad Garlinghouse revealed Monday that Ripple Labs will spend around $200 million on legal fees to fend off an aggressive SEC lawsuit. But one lawyer and crypto bull explains why the case doesn’t cut the mustard. John Deaton, the founder of Crypto Law and owner of the Deaton Law Firm, recently described the...Read More
A recent tweet by attorney Jeremy Hogan has sparked renewed optimism within the Ripple community. Hogan highlighted that Judge Analisa Torres, who is presiding over the ongoing Ripple v. SEC lawsuit, previously ruled against the U.S. Securities and Exchange Commission (SEC) in a case involving global mining group Rio Tinto. The Ruling Against the SEC...Read More
ripple vs sec Attorney John Deaton took to his Twitter handle on Tuesday and addressed the question of why and how Ripple would settle if they win their ongoing legal battle. Deaton has been a vocal advocate for XRP and has argued that the SEC’s actions have harmed XRP investors and the broader crypto industry....Read More
The ongoing legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple has taken another turn as the San Francisco-based blockchain company has countered the SEC’s argument regarding its fair notice defense strategy. According to a document filed on April 13, Ripple insisted that the case cited by the SEC did not...Read More
XRP is one of the handful of crypto-assets that has outperformed Bitcoin in the latest market-wide rally. Traders are placing their bets on a potential victory for the blockchain firm Ripple’s multi-year legal battle against the US Securities and Exchange Commission (SEC), with a ruling expected in April. In the past two weeks alone, XRP...Read More
The Central Bank of Montenegro (CBCG) has partnered with real-time payment protocol Ripple to develop a strategy to launch the country’s Central Bank Digital Currency (CBDC) pilot. According to a press release, the collaboration aligns with the central bank’s objectives, aimed at further digitizing the financial services sector in Montenegro and granting its citizens access...Read More
Scott Chamberlain – a former US lawyer and co-founder of EvernodeXRPL – thinks the main obstacle that stops XRP’s price from surging is the SEC’s claim that the token classifies as security. On the other hand, Ripple – the entity which issues the coin – has maintained that XRP should be treated as a commodity....Read More
Brad Garlinghouse, the chief executive officer of Ripple Labs, has called on lawmakers in the United States to look into assertive statements made by Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), about the American crypto industry. Garlinghouse’s comments come as Gensler told a House Appropriations Committee in a recent hearing that...Read More
Due to its legal battle with the SEC, XRP has been in the news frequently over the past few months. Once again, it has made news, but this time, XRP supporters and investors can rejoice. Trading volume for XRP increased to billions of dollars in South Korea as the token increased by 26% in the...Read More
XRP has been defying the market-wide decline as it continued its impressive recovery for the month. The asset – that is at the center of the Ripple lawsuit brought by the US Securities and Exchange Commission (SEC) – has surged by nearly 13% over the past day alone. XRP Surges to 10-Month High According to...Read More
Silicon Valley Bank and the crypto-friendly – Signature Bank – disclosed operational difficulties and were closed down by regulators. While some expect the collapse to prompt a domino effect, numerous cryptocurrency-related companies have already suffered losses because of their exposure to the aforementioned institutions. Let’s have a closer look. SVB’s Impact As CryptoPotato reported last week,...Read More
A joint study conducted by Ripple and the Faster Payments Council (FPC) estimated that more than half of the surveyed leaders of payment firms think most merchants will accept cryptocurrencies as a settlement method within one to three years. Almost every participant suggests that blockchain technology will enable faster financial transactions in the near future....Read More
Crypto attorney John Deaton has responded to a Twitter user’s skepticism about the Securities and Exchange Commission’s (SEC) Howey Test theory in the ongoing lawsuit against Ripple Labs. Top Lawyer Debates Howey Test Theory Deaton, who represents XRP investors, stated that the SEC’s theory could be summarized as follows: “Defendants do not dispute that they...Read More
A federal court has chastised the SEC’s attorneys’ behavior in the case, labeling them self-serving, in a shocking move in the continuing legal conflict between Ripple Labs and the US Securities and Exchange Commission (SEC), as was shared by the top crypto lawyer John Deaton. Latest on the Ripple-SEC Lawsuit The comments by Judge Sarah...Read More
Crypto attorney John E. Deaton has predicted that the U.S. Securities and Exchange Commission (SEC) will only succeed in establishing that the blockchain payments firm Ripple sold XRP as a security from 2013 to 2017 in the ongoing legal battle between the two parties. Deaton Says Ripple Will Not Be Ordered to Pay Disgorgement in...Read More
John Deaton, a prominent member of the cryptocurrency legal community and an advocate for XRP, has identified the primary risk that Ripple faces as a result of the SEC lawsuit. This observation comes as the whole cryptocurrency world continues to follow the development of the Ripple-SEC case. Deaton’s remarks were made in response to a...Read More
Brad Garlinghouse, the CEO of the blockchain payment company that fights the US SEC in court over the status of XRP, believes there’s a lot of positive news in terms of crypto adoption worldwide. He made these comments following the recent crackdown from the Securities and Exchange Commission against Kraken and its crypto staking services....Read More
Should the United States consider making XRP the reserve currency of the world and buy its entire holding from the market? Well, this speculative idea floated by Jimmy Vallee, Managing Director of Valhill Capital, in 2021 is once again doing rounds after he talked about it in a recent interview. But Ripple Lab’s CTO David...Read More
Eleanor Terrett, a Fox Business correspondent, has stated that if the judge rules that secondary market transactions of LBC by people unaffiliated with or without investment intent in LBRY are legal, it may set a precedent that is favorable to XRP users. After this update, it appears as if the scales have shifted in favor...Read More
A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized content-sharing and publishing platform LBRY applied only to direct sales of the project’s tokens. The ruling came during an appeal hearing on January 30, 2023, settling...Read More
