The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024. His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple. Grewal Leaving as SEC Appeals Ripple Decision The departure was announced in […]
On Oct. 2, the US Securities and Exchange Commission filed a notice of appeal in the Ripple lawsuit seeking to overturn an earlier ruling. The agency has appealed a 2023 verdict set by Judge Torres, which ruled that secondary sales of Ripple’s XRP token did not constitute securities sales. The judge ruled that XRP failed […]
TL;DR Ripple cautioned users to beware of fake claims that its stablecoin is live. The SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with the company. XRP Army Beware Earlier this year, Ripple announced it will launch a stablecoin pegged 1:1 to the American dollar. It will be called […]
TL;DR A popular analyst expects an Uptober for XRP, driven by the potential resolution of the Ripple v. SEC lawsuit and increased adoption. EGRAG CRYPTO predicts XRP could reach a new all-time high of $13 in the following months, though this is considered unlikely. The XRP Army is Waiting for Uptober October is a typically […]
TL;DR The XRP Ledger (XRPL) will implement a major amendment in two weeks to enhance its Automated Market Maker (AMM) feature. Ripple’s XRP has seen a slight price decline, with a 1% drop over the past 24 hours and a 7% decrease over two weeks, despite recent updates. Activation in Two Weeks The team behind […]
Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in […]
TL;DR Ripple whales have been quite active lately, purchasing XRP worth millions of dollars in a matter of a single day. One analyst thinks the asset could be on the verge of a rally due to the emergence of a historic price pattern signal. Turning the Accumulation Mode on The popular X user Ali Martinez […]
TL;DR Ripple was fined $125 million for violating certain securities laws, and while the company sees it as a victory, the SEC might appeal. SHIB’s valuation has dropped over 25%, with signs of declining investor interest and reduced whale activity. Despite a 12% price decrease, analysts suggest Bitcoin (BTC) may soon break out and reach […]
TL;DR Ripple was fined $125 million by the SEC, significantly less than the initial $2 billion demand. The company sees this as a victory, confident even if the regulator appeals. What Could be Next? The legal battle between Ripple and the US Securities and Exchange Commission (SEC), which dates back to late 2020, recently witnessed […]
TL;DR Ripple was ordered to pay a $125 million fine, much less than the SEC’s initial $2 billion demand, marking a significant victory for the company. The watchdog might appeal the decision within 60 days, but Ripple is likely to comply with the ruling. Was This the End? The legal battle between Ripple and the […]