Court

Ripple celebrates a court victory while navigating ongoing legal challenges. The SEC’s potential appeal could significantly impact XRP’s market dynamics. Following the latest CNF update on Ripple’s legal victory, XRP’s value dipped slightly by 0.55% over the weekend, indicating market uncertainty amid Ripple’s ongoing legal battles. Ripple recently celebrated a significant win in California, where courts dismissed claims of securities law violations, diverging from a prior New York ruling against Ripple. As highlighted in Today’s CNF YouTube, this victory does…

On June 20, Ripple Labs Inc. secured a significant win in the federal class action with Judge Phyllis J. Hamilton granting summary judgment to dismiss both federal and state class claims that XRP was sold as an unregistered security. Despite the dismissal of the class action claims, the court left the question of whether XRP is a security to be decided by a jury, based on the Howey test’s criteria. On June 20, Ripple Labs Inc. achieved a significant victory…

A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation.  The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea.  Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the…

Ripple Labs has cited the Terraform Labs settlement as a yardstick to lower its own penalty demand from the SEC. Ripple believes its fine should not exceed $10 million against the $2 billion the SEC is requesting. XRP saw its price plummet following a recent filing involving the ongoing case between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC). According to our data, XRP declined by 3% on Thursday to trade at $0.4773. Ripple’s Court Filing Defense…

The Ripple vs. SEC lawsuit advances to the Second Circuit Court of Appeals, marking a critical phase in the legal battle over XRP’s status. Recent court developments and the SEC’s enforcement strategies could set significant precedents for the cryptocurrency sector. The ongoing legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken a new turn with the SEC challenging Ripple’s bid for privacy. According to the latest updates from CNF and Coin Market Cap news,…

Ripple has requested the court to seal sensitive financial documents in its ongoing legal battle with the SEC. The company argues that the disclosure of this information is unnecessary and could be detrimental. In a significant development in the legal showdown between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), Ripple has initiated a motion to seal certain critical documents. This motion underlines the importance of keeping financial information confidential, which the SEC aims to disclose. As…

The post SEC vs Terraform Labs: Montenegro Appeals Court Halts Do Kwon’s Extradition for Retrial appeared first on Coinpedia Fintech News The Montenegro Appeals Court has halted Do Kwon’s extradition to South Korea, calling for a retrial in the initial court. This move contradicts the previous High Court ruling. Interestingly, this decision follows a meeting between Montenegro’s Justice Minister and the SEC’s Director of Enforcement, raising questions about potential influences on the legal proceedings. Do Kwon’s case is now due…

The post Delaware Court Revives BitGo’s $100M Lawsuit Against Galaxy Digital appeared first on Coinpedia Fintech News Delaware’s Supreme Court reversed the dismissal by a lower court of BitGo’s $100 million lawsuit against Galaxy Digital over a failed $1.2 billion merger. The May 22 ruling found the language of the merger agreement to be “ambiguous,” allowing BitGo to pursue the case. BitGo alleges that Galaxy intentionally breached the acquisition agreement by terminating it in August 2022, citing BitGo’s failure to…

The post Where is Binance Exec Tigran Gambaryan? Absence in Nigerian Court Raises Alarms appeared first on Coinpedia Fintech News The tax evasion trial of Binance executive Tigran Gambaryan, being held in Nigeria, took an unexpected turn when he failed to show up in court. This time, it raised concerns about his physical safety, given the notorious conditions of Kuje prison, where he is being held. Charges and Allegations Nigerian Federal Inland Revenue Service has charged Binance and its executives,…