Ripple

Former SEC Lawyer Anticipates Agency Appeal Against Landmark Ripple Ruling

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Washington, D.C. — A recent court ruling declaring that secondary sales of XRP are not securities has the cryptocurrency community and regulators buzzing with speculation that the Securities and Exchange Commission (SEC) may seek to appeal the decision. This comes after a controversial decision by U.S. District Judge Analisa Torres, which has sparked varied reactions across the financial and legal sectors. The ruling was particularly noteworthy because it diverged from the SEC’s long-standing approach to digital assets, which often treats such assets as securities under U.S. law. This interpretation has significant implications for the cryptocurrency … Read more

Pro-XRP Lawyer Critiques SEC Secrecy and Advocates for Transparency Amid Ripple Lawsuit Victory

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Washington, D.C. — As Ripple marks its litigious journey with a victory, lawyer John Deaton, an advocate for XRP, has voiced significant concerns about transparency within U.S. regulatory bodies. His comments are prompted by the lack of public disclosure on meetings between SEC Chair Gary Gensler and former FTX CEO Sam Bankman-Fried, sparking a debate on governmental secrecy. Deaton, speaking on a recent episode of the Good Morning Crypto Show, criticized what he perceives as opacity in the governance of the cryptocurrency sector. He highlighted the scant details available on the interactions between Gensler and … Read more

Ripple Legal Battle Intensifies: SEC’s Appeal Chances Under Debate Amid Crypto Community Clash

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As the legal confrontation between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, XRP, the digital currency at the heart of the dispute, is encountering volatility amid speculation about the outcome. The indecision regarding whether the SEC will challenge the recent Programmatic Sales ruling has introduced a period of apprehensive waiting for investors and industry observers. The controversy escalated when Dennis Kelleher, CEO of Better Markets, expressed a strong opinion via social media, estimating a 90% chance of an SEC victory if they appeal the decision. Kelleher criticized the lower court’s ruling for … Read more

Ripple Reaches $125M Settlement After Lengthy Battle with the SEC: A New Chapter Begins

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San Francisco, USA – In a landmark ruling that caps off a closely watched four-year legal battle, the U.S. Securities and Exchange Commission (SEC) has imposed a $125 million penalty on Ripple Labs Inc., the cryptocurrency giant, for violating investor protection laws. This case marks one of the most significant regulatory actions against a blockchain entity, spotlighting the increasingly intense scrutiny facing the cryptocurrency sector. The SEC’s enforcement actions originated from allegations that Ripple engaged in the sale of unregistered securities. Central to the conflict was the status of XRP, Ripple’s native digital currency, which … Read more