Tag: Ripple News

Attorney Deaton of Ripple has stormed the internet as he says the SEC chairman, Gary Gensler, will not settle with Ripple. Recall that Deaton once stated earlier this year, saying that Gensler would not want to settle with Ripple because such a move would require him to publicly agree that XRP transactions, including secondary market sales, are non-securities.  Read Also: Terra Classic Community Stakes A Total Of 3.5 Billion LUNC Tokens In A Day, Summing The Total Staked To Almost 1T https://twitter.com/JohnEDeaton1/status/1625627765293678593 In the same vein, he said that Ripple will only consider settling with the United State commission only if the commission is ready to provide clarity for XRP and declare the crypto asset non-security, attorney Deaton added.  Would SE...

Attorney Deaton noted in the recent tweet that the Securities and Exchange Commission was forced to admit that XRP is a “software code” following the amici brief he filed on behalf of the community. The update on accepting the SEC was a big win for the Ripple community. The attorney that represents the over 75,000 XRP holders made this known following a Twitter user-backed self-acclaimed Bitcoin creator Craig Wright calling XRP a scam and security. After Wright described XRP as a scam, Deaton disclosed that he responded with a phrase: “the pot calling the kettle black.” Read Also: Some Community Members Doubt LUNC Hits $1. What Do You Think? Stripped down, XRP is software code. However, Deaton’s statement was not pleasing to Wright and for that reason, he blocked Deaton on Twi...

The recent update revealed that the good dead of the leading blockchain company, Ripple, has started paying as it was recently mentioned in the Bank of England (BoE) consultation paper on the digital pound, U.K.’s digital currency. It is worth noting that Ripple has been extraordinary in helping central banks in different parts of the world, including Bhutan. The Bank of England sought a method to get a digital version of the pound, which would eliminate the use of banknotes and coins in the United Kingdom. However, the BoE said it would decide whether to proceed with the plans highlighted in the consultation paper. Read Also: Rex Harrison Highlights Some Of The Benefits Of The Long-awaited Terraport. Bank Of England Says It Has Joint Project With Ripple In the qu...

John Deaton, the attorney that represents over 75,000 XRP holders as a friend of the court in the US Securities and Exchange Commission case against Ripple, is set to request to join the Zakinov v Ripple case to fight investors’ claims that XRP is a security. Attorney Deaton To Fight Claims Against XRP In Zakinov V Ripple Case According to the tweet shared by Ripple’s defence lawyer, James Filan K, saying; “Attorney Deaton will be filing a Motion to File an Amicus Brief in Zakinov v. Ripple in California. The plaintiffs claim that Ripple sold XRP as an unregistered security.” Read Also: LUNC's Total Gain Hits A Total Of 51% In The Past Eight Weeks, 995% Spikes Above Its Last May Price https://twitter.com/FilanLaw/status/1622719755097440274 Furthermore, the defence attorne...

It was a celebration gallon when the Coinbase exchange gained victory over the allegation laid against it for selling unregistered security to the customers and given this, the community of XRP got their hope alive, expecting the exchange to list XRP tokens again. According to reports, United States District Judge Paul Engelmayer dismissed a class action filed by Coinbase customers claiming the exchange sold unregistered securities to them. The customers also claimed that the prominent San Francisco-based exchange failed to register as a broker-dealer.  Read Also: London Lions Basketball Team Now Supports Shiba Inu The case, filed against Coinbase and its CEO Brian Armstrong, was dismissed yesterday by Judge Engelmayer. The United States District Judge tossed out the case because...

In the recent tweet shared by the XRP’s law expert, attorney John Deaton noted that the upcoming hearing between open-source content distribution company LBRY and the SEC is an  “incredibly important hearing for all crypto.” A Hearing For Crypto To Hold Soon Per the expert, the hearing was slated to take place on January 30 at 3 PM at the Warren B. Rudman United States Courthouse in New Hampshire. He reiterated that he filed an appearance and amicus curiae on behalf of tech journalist Naomi Brockwell in the upcoming hearing.  It bears mentioning that the Investors Choice Advocates Network also filed an amici curiae brief supporting LBRY in the lawsuit. According to attorney Deaton, LBRY and the amici are requesting that the Judge clarify that the company’s native token, LBC,...

The recent press release revealed the launching of an International Money Transfer Service in the United States. The launch implies that migrant workers and customers can leverage the service to move money to over 50 countries, including South Korea, China, the U.K., India, and France. According to the press release, the centre will help its users efficiently complete the transaction at a lower rate than existing money transfer services in the United States. Read Also: TerraCVita Launches Discounted Private Sale Of Its DEX Commenting on the development, Alex Seong-Ouk Choi, CEO of SentBe, said in a statement that migrant workers had widely adopted the company’s service across Asia. These migrant workers have recorded tremendous success using the service in Asia due to SentBe’s...