XRP Community Slams SEC’s $1.95 Billion Demand as Abuse of Power in Legal Battle with Ripple

San Francisco, CA – Ripple Labs, a blockchain payments company, is facing a new challenge in its ongoing legal battle with the United States Securities and Exchange Commission (SEC). XRP enthusiasts are criticizing the commission’s recent request for remedies, calling it an abuse of power. The SEC filed its remedy request against Ripple on March 22, seeking a staggering $1.95 billion in fines and penalties. This demand stems from Ripple’s alleged unregistered securities offering through XRP institutional sales. Interestingly, the requested fine exceeds the amount Ripple gained from the securities violation. The company raised $728.9 … Read more

Prominent XRP Lawyer Exposes SEC’s Bias in Ongoing Ripple Lawsuit

San Francisco, CA – The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn as a prominent XRP lawyer criticizes the SEC’s handling of the case. In a scathing social media post, Bill Morgan, a lawyer specializing in XRP, accused the SEC of unfair treatment and an abuse of power, sparking discussions among crypto market enthusiasts. Morgan raised serious concerns regarding the SEC’s approach to the Ripple lawsuit, suggesting bias against the company. The regulatory body’s ongoing legal battle against Ripple has been a topic of … Read more

Potential Ripple Case Settlement and SEC v Coinbase Ruling Could Shape XRP’s Future as Investors Await OIG Findings

San Francisco, CA – The Securities and Exchange Commission (SEC) might settle the Ripple case if the Office of the Inspector General (OIG) finds that the SEC acted improperly. This settlement would also put an end to the SEC’s plan to appeal the ruling on the Programmatic Sales of XRP, which caused a significant drop in XRP value. Last July, Judge Torres ruled that the programmatic sales of XRP did not meet the third prong of the Howey Test. In response to this ruling, the value of XRP soared to a high of $0.9327. However, … Read more

The SEC v Ripple Case Enters Crucial Phase as Remedy Reply Briefs Awaited

San Francisco, CA – XRP, a popular cryptocurrency, experienced a decline of 2.69% on Saturday, putting an end to its three-day winning streak. The digital currency closed the session at $0.5497, after a slight gain of 0.44% the previous day. Despite this setback, there were no updates related to the ongoing SEC v Ripple case that had a major impact on the appetite for XRP among buyers. The case, which has garnered significant interest, has reached a critical juncture, with the discovery phase of the remedies-related proceedings set to end on Monday. In these proceedings, … Read more