Ripple and SEC Archives - Cryptolifedigital

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 ...

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...

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...

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...

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...

Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains

15Apr

By Raliat IdrisNo Comments

XRP News

Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains

The cryptocurrency market has experienced a significant downturn in the past few days, with Bitcoin (BTC) and Ethereum (ETH) leading the decline with double-digit losses. XRP, a major player in the top ten cryptocurrencies, has been particularly hard hit. As of press time, XRP is trading around $0.51, reflecting a 33.3% drop from its recent peak of $0.72 on March 11th. This decline mirrors the broader market correction attributed to rising geopolitical tensions and macroeconomic factors like inflation. Read Also: XRP Performance Against Bitcoin Raises Concerns Among Investors Despite the current slump, popular crypto analyst EGRAG CRYPTO remains bullish on XRP's future. EGRAG predicts significant gains for XRP, ranging from a staggering 1000% to a phenomenal 3000% increase. Chart An...

Expert Insights: Analyzing April’s Potential Market Shifts Amidst Ripple vs SEC Lawsuit

4Apr

By Kayode Oke MichaelNo Comments

Ripple News

Expert Insights: Analyzing April’s Potential Market Shifts Amidst Ripple vs SEC Lawsuit

The ongoing battle between Ripple and the US Securities and Exchange Commission (SEC) regarding the regulatory status of XRP has been a significant event in the cryptocurrency industry since 2020. The SEC has accused Ripple of raising $1.3 billion through unregistered XRP sales, leading to a legal dispute that is causing uncertainty in the market. Read Also: XRP Community Buzzes About Possible FedNow Network Integration https://twitter.com/egragcrypto/status/1774555141946912955 Recent market data shows that XRP's price has fallen to a two-week low of $0.56 on April 3, as traders are unsure of the SEC's position. April is a crucial month as looming deadlines increase the tension. On April 16, a pretrial conference will set the stage for a legal showdown that could redefine crypto r...

How Will Ripple vs SEC’s Case End, Expert Gives Trails Of Possible Outcome

8Feb

By Daniel AbangNo Comments

XRP News

How Will Ripple vs SEC’s Case End, Expert Gives Trails Of Possible Outcome

How will the Ripple vs SEC case end is the question in the mind of any crypto enthusiast that has been following up with the turn of events in the lawsuit. In the most recent turn of events, XRP lover Ashley Prosper, who recently filed a FOIA demand with the SEC in regards to its communication with JPMorgan about Ripple and XRP, has shared seven potential ways the SEC v. Ripple case could end. What Will Be The Outcome OF the Duo's Lawsuit As per Prosper, the Duo in the case could consent to a settlement, consequently putting an end to the long-term fight in court. He stated that a settlement could occur out of the blue. It is worth focusing on that there are no discussions in regard to a settlement. While Ripple is available to putting an end to the case through a settlement, the S...

Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst

15Jan

By Daniel AbangNo Comments

Ripple News

Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst

The Ripple vs. SEC lawsuit, a saga that has gripped the cryptocurrency community for years, took a dramatic turn with a potential multi-billion dollar fine hanging over Ripple's head. Renowned crypto expert Zach Rector, in a recent YouTube analysis, laid out a worst-case scenario that could see the payments giant cough up a staggering $3 billion to the U.S. Securities and Exchange Commission (SEC). Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Disgorgement on the Horizon? At the heart of the potential penalty lies the regulatory question of whether XRP, Ripple's native token, constitutes an unregistered security. Rector argues that if Judge Analisa Torres rules in favour of the SEC on XRP's On-Demand Liquidity (ODL) sales being investment contract...

SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims

12Jan

By CryptolifedigitalNo Comments

Ripple News

SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims

The ongoing saga between the Securities and Exchange Commission (SEC) and Ripple Labs took a sharp turn this week as the SEC filed a motion in federal court demanding access to Ripple's financial statements for 2022-2023 and post-complaint contracts governing institutional XRP sales. This escalation suggests a new phase in the legal battle, potentially focusing on transactions after the initial lawsuit was filed in December 2020. Read Also: Terraform Labs Founder Do Kwon Fights Extradition, Delays US Trial https://twitter.com/FilanLaw/status/1745512272313606586 Key Points of the SEC's Motion Financial Statements: The SEC seeks Ripple's financial statements for the past two years, potentially aiming to assess the impact of post-complaint XRP sales on the company's finances. I...