Ripple and SEC Archives - Page 6 of 6

Ripple’s In-Principle Approval in Singapore Sparks Discussion on XRP’s Price Reaction and SEC’s Claims

23Jun

By OLAJIDE SAMUELNo Comments

XRP News

Ripple’s In-Principle Approval in Singapore Sparks Discussion on XRP’s Price Reaction and SEC’s Claims

Ripple, a prominent blockchain company, recently secured In-Principle approval from the Monetary Authority of Singapore (MAS), a significant milestone for the firm. The news has generated various discussions among industry experts, including John E. Deaton, a pro-XRP lawyer, who shared his thoughts on the development. Deaton Says XRP's Price Reaction Follows Bitcoin's Attorney Deaton expressed that the approval from MAS is noteworthy since only a limited number of companies, fewer than 20, have obtained such a license in Singapore. He emphasized that while the utilization of XRP is expected with this license, the coin's price did not respond significantly to the news. Deaton pointed out that XRP has been following the price movements of Bitcoin and the overall market, instead of reacting...

Tony Edward Foresees XRP Rally upon Bitcoin’s Retracement Peak, Hinging on Ripple Lawsuit Outcome

23Jun

By OLAJIDE SAMUEL2 Comments

XRP News

Tony Edward Foresees XRP Rally upon Bitcoin’s Retracement Peak, Hinging on Ripple Lawsuit Outcome

In a recent tweet, Tony Edward, the founder of the Thinking Crypto Podcast, shared his excitement for a potential XRP rally in the wake of Bitcoin's retracement peak. Edward specifically identified XRP and Ethereum (ETH) as promising altcoins and expressed optimism regarding a favourable ruling by Judge Analisa Torres in the ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC). He believes that this ruling could catalyze XRP's upward trajectory. Read Also: SHIB Catapult To 14th Position In value With 29 Trillion Token Regaining Profit https://twitter.com/ThinkingCrypto1/status/1671933851466186757 Tony Edward Expects XRP Rally Edward's expectations for an XRP rally are closely tied to the outcome of the Ripple lawsuit. He predicts that as Bitcoin approa...

Binance.US and SEC Reach Agreement to Secure Customer Funds Amidst Lawsuit

17Jun

By CryptolifedigitalNo Comments

Blockchain

Binance.US and SEC Reach Agreement to Secure Customer Funds Amidst Lawsuit

Binance, Binance.US, and the Securities and Exchange Commission (SEC) announced on Friday a proposed agreement that seeks to ensure the security of customer funds held by Binance.US in the short term. The deal is still pending approval from a federal judge overseeing the case. The proposed deal aims to address SEC's concerns while the broader lawsuit unfolds As part of the proposed agreement, Binance.US will take significant measures to prevent officials from Binance Holdings (referring to the global exchange) from accessing private keys for its wallets, hardware wallets, or obtaining root access to Binance.US's Amazon Web Services tools. This step aims to provide enhanced security and prevent any unauthorized access to customer funds. Read Also: Shibarium Testnet V2 Launch: Claim You...

House Republicans Introduce Bill to Remove SEC Chairman and Restructure Commission

13Jun

By CryptolifedigitalNo Comments

Cryptocurrency

House Republicans Introduce Bill to Remove SEC Chairman and Restructure Commission

In a bold move aimed at reforming the Securities and Exchange Commission (SEC), two House Republicans, Rep. Warren Davidson of Ohio and House Majority Whip Tom Emmer of Minnesota have introduced the SEC Stabilization Act. The bill seeks to remove current SEC Chairman Gary Gensler from his post and restructure the commission to address what the lawmakers described as a "long series of abuses" under the current SEC structure. Two House Republicans Express Concerns Over Gary's Action Citing concerns over Gensler's actions and decision-making, Davidson and Emmer assert that the U.S. capital markets require protection from what they perceive as a "tyrannical Chairman." The lawmakers contend that the ongoing abuses of power necessitate real reform and the removal of Gensler to ensure the marke...

It is Illegal to Impersonate a Judge; Ripple CTO Warns Top XRP Community Member

26May

By Daniel AbangNo Comments

Ripple News

It is Illegal to Impersonate a Judge; Ripple CTO Warns Top XRP Community Member

The CTO of Ripple warns XRP community members that it is Illegal to impersonate the presiding judge over the CEC’s legal battle with them. A tweet by a Satirical tweeter account that aims at sharing jokes about the sixth-largest cryptocurrency according to Market cap was responded to by Ripple’s CTO David Schwartz, saying that it is a federal crime. The Ordeal came to play yesterday after XRPP tweeted that Judge Analisa Torres is on the verge of issuing a summary conclusion on the SEC vs. Ripple case. Read Also: SEC vs. Ripple Case to End Mid-July Say Hogan’s Attorney A screenshot was shared by the person behind the satiric Twitter account, claiming that Judge Torres started the conversation with XRPP and that she is ready to release the ruling. This was all done in a Parody ac...

Five Major Wins For Ripples This Weekend

20May

By Daniel AbangNo Comments

Ripple News

Five Major Wins For Ripples This Weekend

Ripples has ended the week with five major wins ranging from scoring a victory in the ongoing SEC’s lawsuit to the acquisition of Metaco a Swiss-based company focused on digital asset custody and Tokenization. The technology firm witnessed a week of pleasant and favorable development. Hinman Docs Will be Released Recall that SEC and Ripple were in an intense legal battle claiming that XRP is an unregistered security. The ruling judge Analisa Torres rule to reject SEC’s request to seal Hinman’s Documents According to the judge, the document is important for the court’s forthcoming decision on the case. The landmark ruling has given Ripple authorization to make the document accessible to the public. This ruling came after several months of attempts by the SEC to seal the document....

“I Am Incredibly Bullish about Ripple’s Interjectory” says Ripple’s CEO.

19May

By Daniel Abang1 Comment

Ripple News

“I Am Incredibly Bullish about Ripple’s Interjectory” says Ripple’s CEO.

The CEO of Ripples said that he is incredibly bullish about Ripple's Interjectory. The CEO Brad Garlington, believes that the company is in a good position to take on the Bearish atmosphere that surrounds the crypto industry. This was disclosed in a tweet by Garlinghouse, according to him, “Coming out of the coldest crypto winters yet, I am Incredibly Bullish About Ripple’s Trajectory” He went further to communicate the company’s commitment to providing long-term opportunities for crypto utility by partnering with individuals that share the same mindset. Adding that their vision as Ripple will be achieved with these concepts. https://twitter.com/bgarlinghouse/status/1658807935638843393?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1658807935638843393%7Ctwgr%5E8b0b575a963...

XRP Community Celebrates As They Receive Major Support Against SEC

25Apr

By CryptolifedigitalNo Comments

Ripple News

XRP Community Celebrates As They Receive Major Support Against SEC

The XRP community is celebrating after receiving major support in its legal battle against the US Securities and Exchange Commission (SEC). The community has been eagerly awaiting a resolution to the ongoing lawsuit, which alleges that XRP is a security and that the company behind it, Ripple Labs, conducted an unregistered securities offering. The latest update came in the form of a tweet from Paul Grewal, the Chief Legal Officer at Coinbase, who shared a document filed by the SEC in which it appears to be backtracking on its previous claims about XRP. The document, which was filed in response to a motion to dismiss the case by Ripple, suggests that the SEC is now admitting that it did not previously have clear guidance on whether XRP is a security. Read Also: TerraCvita To Relaunch ...

BitBoy Expresses His Bullish Sentiment Regarding XRP. Here’s Why

13Apr

By CryptolifedigitalNo Comments

XRP News

BitBoy Expresses His Bullish Sentiment Regarding XRP. Here’s Why

BitBoy, a well-known cryptocurrency analyst and commentator, has expressed his bullish sentiment regarding XRP, the cryptocurrency issued by Ripple Labs. In a recent tweet, BitBoy stated that he expects a victory for Ripple in its ongoing legal battle against the United States Securities and Exchange Commission (SEC). BitBoy took to Twitter on Wednesday to express his views, invoking a well-known quote attributed to various individuals, including philosopher Seneca. He stated that the conclusion of the Ripple v SEC case would mark the end of one chapter and the beginning of another. Read Also: Relationship Between Ethereum And NFTs https://twitter.com/Bitboy_Crypto/status/1646274801223213057 BitBoy Is bullish Regarding XRP According to him, the next chapter to begin is the gener...

Ripple And SEC File A Joint Proposal TO Govern All Sealing Cases Regarding The Summary Judgement Motions, Sept 19th Is Slated For Major Revealing

9Sep

By Cryptolifedigital2 Comments

Ripple News

Ripple And SEC File A Joint Proposal TO Govern All Sealing Cases Regarding The Summary Judgement Motions, Sept 19th Is Slated For Major Revealing

Another joint proposal has recently been filed by both SEC and Ripple to govern all sealing cases regarding the upcoming summary judgement motions. Recently, SEC and Ripple jointly filed a reply to the responses to the motions to exclude the expert testimony. As stated in the letter, they will be filed under seal until the sealing issues are briefed. Read Also: Almost 155 Million LUNC Has Been Burned By MEXC Global In The Space Of Five Days The development was shared by Attorney James K. Filan, he said:“The parties have filed a joint proposal to governing sealing issues relating to the upcoming summary judgment motions to be filed in this case.” https://twitter.com/FilanLaw/status/1568001294870417412 Per the motion, the proposal will permit fast public access to both part...