XRPs

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

by

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

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

by

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