Lawsuit

With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question of whether it qualifies as a security looms over the token like a dark cloud. Hope is mixed with skepticism, as some analysts are nearly…

The post Ripple vs. SEC Lawsuit Update: What’s Next as Appeal Deadline Nears? appeared first on Coinpedia Fintech News Ripple and the XRP community are enjoying a partial win in their clash with the SEC, but the drama might not be over! As the deadline for the SEC to appeal looms, tensions could rise again. Will things heat up?  Keep reading to find out!  In a recent X post, attorney Jeremy Hogan speculated that the SEC might still be undecided…

A federal court dismissed the lawsuit against Elon Musk and Tesla, which accused them of using social media influence and insider trading to manipulate Dogecoin's price. Musk Evades Lawsuit Elon Musk and Tesla have successfully secured the dismissal of a federal lawsuit that accused them of manipulating the cryptocurrency Dogecoin, resulting in significant financial losses for investors. The lawsuit, filed in 2022 in the Southern District of New York, claimed that Musk and his electric vehicle company engaged in fraudulent…

The post Ripple’s CLO Stuart Alderoty Advises OpenSea on Strategy to Navigate Potential SEC NFT Lawsuit appeared first on Coinpedia Fintech News The United States Securities and Exchange Commission (SEC) has continued to go after crypto projects even after losing several battles against top web3 firms including Ripple Labs, on Thursday, the US SEC sent a Wells notice to the leading NFT marketplace, OpenSea, regarding its business operations against the set securities laws.  The US SEC highlighted that NFTs traded…

The post XRP Lawsuit Update: Is the SEC Planning to Appeal in Ripple vs SEC Case After the Rate Cut? appeared first on Coinpedia Fintech News The buzz is electric as the SEC’s potential appeal of Ripple’s landmark victory hangs in the balance! Weeks after Ripple Labs triumphed over the SEC, crypto analyst Mr. Huber suggests the SEC might hold off on an appeal until the September rate cut. Meanwhile, Bill Morgan isn’t too sure, giving only a 60% chance…

The post XRP News Today: Is Ripple vs SEC Lawsuit Truly Over? Could a Surprising Appeal Turn the Tides? appeared first on Coinpedia Fintech News Is the SEC vs Ripple Case “REALLY” Over? Pro-XRP lawyer Bill Morgan has in his series of X posts voiced increasing doubts about the U.S. SEC’s likelihood of appealing the recent Ripple summary judgment. Morgan hints that an appeal might be off the table if the decision is strictly about legal matters. He’s spotlighting the…

The post Kraken Under the SEC Lawsuit Fire! appeared first on Coinpedia Fintech News Kraken, one of the major cryptocurrency exchanges, was sued by the SEC last November in the Northern District of California. The ongoing legal battle between cryptocurrency exchange Kraken and the SEC has taken a significant turn. On August 23, U.S. District Court Judge William H. Orrick of the Northern District of California ruled that the SEC’s lawsuit against Kraken will proceed to trial, rejecting its motion…

The post Kraken Suffers Setback: Judge Denies Dismissal in SEC Lawsuit appeared first on Coinpedia Fintech News In a legal battle between SEC vs Kraken, the U.S. SEC has won a crucial battle in its ongoing lawsuit against Kraken, a major U.S.-based cryptocurrency exchange. On Friday, Judge William Orrick of the Northern District of California ruled that the SEC vs Kraken case could proceed, denying the exchange’s motion to dismiss the lawsuit. Let’s understand the ruling! Eleanor Terrett Highlights “Double…

The post Binance Described As ‘Crypto-Wash Empire’ In A Lawsuit Over Money Laundering Activities appeared first on Coinpedia Fintech News Binance and its former CEO Changpeng Zhao are facing a new class-action lawsuit alleging consumer harm due to the exchange’s money laundering activities in a Seattle Federal court. The lawsuit accuses the defendants of putting profits before the law as they allegedly generated substantial amounts of proceeds by allowing notorious actors to make their funds untraceable.  Plaintiff Highlights Binance’s Willful…