SEC Archives - Cryptolifedigital

Ripple To Celebrate Victory Against SEC; Date Announced

29Aug

By Daniel AbangNo Comments

Ripple News

Ripple To Celebrate Victory Against SEC; Date Announced

Ripple Labs, one of the prominent figures in the blockchain space has revealed plans to have a celebratory triumph gathering following its win against the Security and Exchange Commission (SEC). Following a tweet yesterday, Ripple said the expected occasion will happen on the 9th of September this year in New York City. more insight is expected to be provided regarding the event this week according to Ripple's team.. https://twitter.com/Ripple/status/1696251365213851742 Furthermore, the CEO of Ripple Garlinghouse expressed their readiness while announcing the coming event on his handle According to his statement; "As promised - it's time for that proper victory part" Similarly, he expressed the company's ordeal during the years of the legal battle. "I look forward to s...

Attorney John Deaton Reiterates XRP’s Non-Security Status, Draws Comparisons to GRAM Token

4Jul

By OLAJIDE SAMUELNo Comments

XRP News

Attorney John Deaton Reiterates XRP’s Non-Security Status, Draws Comparisons to GRAM Token

In a recent Twitter thread, Attorney John Deaton, Managing Partner at Deaton Law Firm, emphasized XRP's Non-Security Status. Deaton, a prominent crypto advocate, expressed confidence that Judge Analisa Torres would address the issue of XRP secondary sales and the token's classification in the ongoing SEC vs Ripple case. This assertion follows Deaton's earlier comment suggesting that the judge would discuss these aspects. Read Also: BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman https://twitter.com/JohnEDeaton1/status/1675913360469110792 Deaton fights continuously on XRP's Non-Security Status Deaton disagreed with other experienced lawyers who believed that Judge Torres would avoid commenting on the token itself. According to Deaton, ...

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...

Charles Hoskinson and David Schwartz Challenge SEC’s Classification of ADA as a Security in Binance and Coinbase Lawsuits

12Jun

By Cryptolifedigital1 Comment

Cryptocurrency

Charles Hoskinson and David Schwartz Challenge SEC’s Classification of ADA as a Security in Binance and Coinbase Lawsuits

The recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase have triggered a response from prominent figures in the cryptocurrency space. Charles Hoskinson, the founder of Cardano (ADA), and David Schwartz, Ripple's Chief Technology Officer (CTO), have expressed their concerns over the SEC's classification of ADA as a security in these cases. Their reactions came in response to tweets from Bill Morgan, a pro-XRP attorney, who questioned the validity of the SEC's argument. The SEC's lawsuits against Binance and Coinbase accuse the exchanges of facilitating unregistered securities transactions. Interestingly, the Commission includes ADA on the list of alleged securities in both cases, sparking a debate within the crypto community. Bill Morg...

XRP Community Unveils New Evidence For SEC Dishonest In Its Claims In The Ongoing Lawsuits

24Apr

By OLAJIDE SAMUELNo Comments

Uncategorized

XRP Community Unveils New Evidence For SEC Dishonest In Its Claims In The Ongoing Lawsuits

A member of the XRP community has shared new evidence that they believe shows the Securities and Exchange Commission (SEC) was dishonest in its claims in the ongoing Ripple lawsuit. The lawsuit centres on whether XRP, a cryptocurrency created by Ripple, is security and should have been registered with the SEC. The new evidence was shared by the XRP community member on social media and suggests that the SEC was aware of the legal status of XRP as far back as 2012, contradicting its claims that it was unclear whether XRP was security until much later. The evidence consists of emails between SEC officials and third-party individuals discussing XRP's legal status. Read Also: Concerning Terraport Hack, Terra Classic To Lock Up $2 Million Worth Of Funds Community of XRP Shows Evidence Tha...

11Apr

By CryptolifedigitalNo Comments

Crypto Guides

What To Know About Ripple and XRP

Ripple is a blockchain-based platform that was designed to facilitate faster, cheaper, and more secure cross-border payments. The platform was created by Ripple Labs Inc. in 2012 and is based on a decentralized ledger technology called the XRP Ledger. XRP is the native digital currency of the Ripple network. It was created as a means of facilitating faster and more cost-effective cross-border payments. Unlike traditional fiat currencies, XRP is a decentralized cryptocurrency that is not controlled by any central authority. It is designed to be used as a bridge currency for facilitating transactions between different currencies. In this article, we will explore the key features and benefits of Ripple and XRP, as well as the challenges and opportunities they present for the wider crypt...

Deaton Predicts Another Date For The Termination Of The Battle Between Ripple And SEC.

8Apr

By OLAJIDE SAMUELNo Comments

Ripple News

Deaton Predicts Another Date For The Termination Of The Battle Between Ripple And SEC.

According to recent reports, there is a possibility that the Ripple vs. SEC summary judgment could come before May 6, 2023. This information was shared by lawyer and XRP supporter, John Deaton, who analyzed the timeline of Judge Sarah Netburn's recent ruling in the case. Deaton Predicts Termination Date For Battle SEC And Ripple In an interview with Thinking Crypto, attorney Deaton, representing thousands of XRP holders in the lawsuit, speculates that Judge Torres’ ruling might come on or before May 6. Read Also: Terraport's First-ever LUNC Burn Accounts For 100M Terra classic “[…] There was a case where it [summary judgment] was two weeks between. And then there was a case when it was 30 days between, and then there was a case when it was 60 days, right? So what I’ve been telling...

Ripple CEO And Counsel Recently Slam SEC, No Hope Of Settlement

31Mar

By OLAJIDE SAMUELNo Comments

Ripple News

Ripple CEO And Counsel Recently Slam SEC, No Hope Of Settlement

In a recent development in the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), it has been reported that no settlement has been reached between the two parties. Ripple's CEO, Brad Garlinghouse, and General Counsel, Stuart Alderoty, have both taken to Twitter to criticize the SEC's actions in the case. Bill Morgan, Reacted To Recent Ripple CEO Comment Saying No Settlement An XRP community member has reacted to recent comments by Ripple CEO Brad Garlinghouse and General Counsel Stuart Alderoty criticizing the Securities and Exchange Commission. Bill Morgan, a pro-XRP lawyer, noted that the unending criticisms from the Ripple executives against the SEC show that the blockchain company is not planning to settle with the regulator. Morgan made ...

Ripple Announces New Job roles Amidst Of Ongoing Legal Battle With SEC

17Mar

By CryptolifedigitalNo Comments

Ripple News

Ripple Announces New Job roles Amidst Of Ongoing Legal Battle With SEC

Ripple, the blockchain-based payments platform, has announced the addition of several new job roles, including senior technical program managers, security engineers, and marketing managers. This comes amidst an ongoing legal battle with the United States Securities and Exchange Commission (SEC) over the sale of XRP, the native cryptocurrency of the Ripple network. The company is currently facing a lawsuit from the SEC, which alleges that Ripple conducted an unregistered security offering when it sold XRP. Ripple has denied the allegations and maintains that XRP is not a security but rather a cryptocurrency like Bitcoin and Ethereum. Read Also: Terraport Releases Its Launch Roadmap, Its Public Launch Edges Close https://twitter.com/Ripple/status/1636512420725239809 Ripple Unveils ...

XRP Is The Only Asset Among The Top 15 Cryptocurrencies That Turns Green With A Gain Of 8.59% Over The Past 24 Hours. What Do We Expect After Nov 30?

25Nov

By CryptolifedigitalNo Comments

Ripple News

XRP Is The Only Asset Among The Top 15 Cryptocurrencies That Turns Green With A Gain Of 8.59% Over The Past 24 Hours. What Do We Expect After Nov 30?

Ripple’s XRP has been reacting green in terms of price as the cotton is being drawn to a close on the ongoing lawsuit between the Ripple and United State commission. The ideology of the community of Ripple is getting the XRP back on its feet again which could only be possible by the settlement from the SEC. The expectation is a good one as it can provide ample support for XRP’s recent campaign to $0.45 following the conquest of the $0.40 price level. Read Also: American Air And Canada Air Is Now Available For Booking With Shiba Inu Via FCFPay. Court To Decide On The Ripple And SEC By Nov 30 As the broader cryptocurrency community anticipates the details of the reply briefs from Ripple Labs and the SEC on November 30, XRP has been making silent moves amidst a bearish market. Al...