SEC

US Senators Threaten SEC Scrutiny and Ongoing Investigation Could Influence XRP Price Trends

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Wyoming Senator Cynthia Lummis was one of five US Senators who expressed their concerns to SEC Chair Gary Gensler regarding the agency’s practices. In a letter co-signed by the Senators, they warned the SEC of potential scrutiny from lawmakers. This action was taken in response to the SEC filing a Motion to Dismiss charges against Debt Box. The SEC’s decision to file the Motion to Dismiss came after the court urged the agency to justify why it should not face sanctions for providing false and misleading information. The scrutiny of the SEC’s activities has extended … Read more

Crucial Factors at Play: SEC Awaits Ruling on Coinbase Motion and OIG Investigation Amidst XRP’s Programmatic Sales Case

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NEW YORK CITY, NY – The Securities and Exchange Commission’s (SEC) plans to appeal the Programmatic Sales of XRP ruling may face challenges from external factors. One of these factors is a pending ruling on the Coinbase Motion to Dismiss, where Coinbase argues that the SEC lacks the authority to regulate US crypto exchanges. Another potential influence is an ongoing investigation by the Office of Inspector General into conflicts of interest within the SEC relating to cryptocurrencies. Coinbase, a leading US crypto exchange, filed a Motion to Dismiss in August, which was heard by Judge … Read more

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

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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

Lawyer James Murphy Predicts Settlement in SEC v. Ripple Lawsuit, Leading to XRP Price Climb

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Tokyo, Japan – XRP, the cryptocurrency associated with Ripple, experienced a 5% increase in value over the past week, reaching a high of $0.5380. This upward trend can be attributed to two factors. Firstly, Ripple successfully obtained an extension to the remedies-related discovery deadline, which has been granted by the Court. This positive development has contributed to the overall optimism surrounding XRP. Secondly, crypto lawyer James Murphy has predicted a potential settlement in the ongoing SEC v. Ripple lawsuit. In a recent appearance on a podcast called “Thinking Crypto,” James Murphy shared his thoughts on … Read more