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Ripple News

Ripple vs. SEC Lawsuit: Scheduling Order Issued for Expert Witness Rebuttal
26Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Lawsuit: Scheduling Order Issued for Expert Witness Rebuttal

The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) continues, with a recent scheduling order issued by Magistrate Judge Sarah Netburn. This order pertains to Ripple's motion to dismiss the SEC's latest expert submissions to bolster their case for penalties and a final judgment. Extension Granted for SEC Rebuttal Judge Netburn granted the SEC an extension until April 29, 2024, to file their response to Ripple's motion. Following the SEC's rebuttal, Ripple will have three business days to submit their counter-arguments. This update comes amidst Judge Netburn's recent nomination as District Judge within the Southern District of New York. Encouragingly for the crypto community, she will continue to preside over the Ripple vs. SEC case, known for her ...
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Ripple vs. SEC Heats Up: Judge Netburn’s Nomination Seen as Boon for Ripple
26Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Heats Up: Judge Netburn’s Nomination Seen as Boon for Ripple

The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has entered a potentially pivotal phase with the nomination of Magistrate Judge Sarah Netburn as a District Judge in the Southern District of New York (SDNY). Judge Netburn's Reputation Bodes Well for Ripple Judge Netburn's fair rulings and crypto-friendly stance are seen as a positive development for Ripple. This is particularly significant as Ripple contests the SEC's hefty proposed penalties, suggesting a maximum of $10 million instead. Read Also: Shiba Inu to the Moon? Analyst Predicts $0.001 by 2025 Three key arguments bolster Ripple's defense: Challenging the validity of the SEC's claims due to insufficient evidence. Highlighting significant changes made to XRP sales practices in rec...
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Exploring the Link between Global Events and the Recent Surge in Bitcoin and XRP Coin Prices
23Apr By Kayode Oke MichaelNo Comments
Ripple News

Exploring the Link between Global Events and the Recent Surge in Bitcoin and XRP Coin Prices

Why Is Bitcoin Rising? The price of BTC has been on the rise, with an increase of $1000 in just an hour after the US market opened. The recent PMI data showed a slower economic growth rate, which led to a positive impact on the risk markets. This positive sentiment is expected to continue with the upcoming quarterly earnings reports. Read Also: XRP Bull Run Predicted: Analyst Charts Path to $5 in 15 Months The economic environment has been quite vibrant, which is negatively impacting inflation. However, the PMI data coming in below expectations signals a slowdown. If Friday’s PCE data also falls below expectations, the macroeconomic pressure may start to ease. In an optimistic scenario, the Fed may start making more dovish statements, and the market could anticipate the first rate c...
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Ripple vs SEC Lawsuit Update: 129M XRP Transferred by Whale, What’s the Implication?
22Apr By Kayode Oke MichaelNo Comments
Ripple News

Ripple vs SEC Lawsuit Update: 129M XRP Transferred by Whale, What’s the Implication?

The ongoing Ripple Vs SEC lawsuit has sparked significant activity in the XRP market, with notable moves being made by XRP whales. One such move was the transfer of 129 million XRP by prominent holders, which has captured the attention of market participants. This has raised questions about potential implications for Ripple's legal battle. Whale Transactions Amid Lawsuit Speculation An unknown whale with wallet address "r4wf7….h4Rzn" transferred 28.8 million XRP to the Bitstamp exchange, which has led to debates among observers. Some interpret this move as a selloff strategy, while others speculate that it could be part of Ripple's liquidity management efforts, given its previous stake acquisition in Bitstamp. Read Also: Cardano’s Optimistic Start to the Week Sparks Investor Excitemen...
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XRP Price Slumps Despite Speculation of Ripple IPO
19Apr By OLAJIDE SAMUELNo Comments
Ripple News

XRP Price Slumps Despite Speculation of Ripple IPO

Discussions surrounding a potential Ripple IPO have faded as the crypto community grapples with XRP's underperformance during the recent market bull run. While the broader market is experiencing a correction, XRP has been hit particularly hard, dropping over 8% in the past 24 hours and falling below the crucial $0.50 support level. Read Also: K9 Finance Community Backs Key Proposals, Boosting Shibarium Integration Ripple IPO: A Distant Hope? The prospect of a Ripple IPO has been a source of speculation for some time. While Ripple itself hasn't confirmed a timeline, CEO Brad Garlinghouse hasn't ruled it out. Industry experts have weighed in, with some predicting a high likelihood of Ripple going public. Analyst Linda Jones, for example, believes there's a 98% chance based on research b...
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Ripple’s Brad Garlinghouse Expects Crypto Market to Double by 2024: Here’s Why It Matters
19Apr By Kayode Oke MichaelNo Comments
Ripple News

Ripple’s Brad Garlinghouse Expects Crypto Market to Double by 2024: Here’s Why It Matters

In an interview with Fox on 18th April, Ripple CEO Brad Garlinghouse shared valuable insights into the current cryptocurrency market. Despite the recent dip in the market, Garlinghouse remained optimistic and talked about the potential for the market to double by the end of 2024. He attributed this growth to several factors, including the approval of Exchange-Traded Funds (ETFs) and the upcoming Bitcoin halving. https://youtu.be/RsEN-zhINpE Read Also: XRP Weathers Market Storm, Analyst Maintains Bullish Outlook However, Garlinghouse also expressed concern over the lack of regulatory clarity in the United States, which he believes is hindering the industry's growth. He noted that other countries, such as Dubai and Singapore, have adopted cryptocurrencies more constructively by impl...
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Crypto Lawsuits: Ripple and Coinbase Cases Headed for Supreme Court Showdown?
18Apr By Raliat IdrisNo Comments
Ripple News

Crypto Lawsuits: Ripple and Coinbase Cases Headed for Supreme Court Showdown?

The legal battles between the SEC and cryptocurrency companies like Ripple and potentially Coinbase could culminate in a landmark showdown at the U.S. Supreme Court, according to a former SEC litigator. The Heart of the Matter The core issue revolves around defining what constitutes security in the context of digital assets. Linda Steward, speaking at Columbia Business School, argued that the SEC's classification of token sales and offerings (like Ripple's XRP) as securities doesn't automatically categorize the tokens themselves as securities. Read Also: XRP Weathers Market Storm, Analyst Maintains Bullish Outlook https://twitter.com/CollinBrownXRP/status/1780563050937942232 Ripple's Ongoing Fight Ripple has been embroiled in a legal battle with the SEC for years, incurring hefty...
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Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up
17Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up

Confusion swirled around the Ripple vs. SEC lawsuit this week after rumours of a final pretrial conference were debunked by Ripple's Chief Legal Officer, Stuart Alderoty. The SEC originally filed suit against Ripple Labs, along with executives Brad Garlinghouse and Chris Larsen, in December 2020. The charges alleged Ripple sold XRP as an unregistered security, with the executives aiding and abetting the sales. However, the legal landscape shifted dramatically in July 2023. The court ruled that non-institutional sales of XRP did not constitute securities offerings, and an attempt by the SEC to appeal this decision was denied. Read Also: Terra Classic Network Targeted by Spam Transaction Attack https://twitter.com/s_alderoty/status/1780284889385902160 This recent court victory fo...
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Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches
16Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to be a hot topic, with recent events sparking speculation about a possible settlement. Settlement Theories and a Crucial Pre-Trial Conference A March 29th court filing revealed a settlement conference between the parties, fueling discussions. This came after the SEC requested nearly $2 billion in penalties from Ripple for alleged violations of securities laws. Ripple executives, in turn, have vehemently denied the charges. Read Also: Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes The upcoming week of April 15th marks a significant development: a "Final Pre-Trial Conference" between Ripple and the SEC is scheduled for April 16th. While details remain unclear, this conf...
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