Lawsuit

The post Ripple vs SEC Lawsuit Ends, XRP Price Surges 17% Following Favorable Court Ruling appeared first on Coinpedia Fintech News After nearly four years of fighting the United States Securities and Exchange Commission (SEC), Ripple Labs, a blockchain payment company, has received much-needed clarity from the court on XRP sales. On Wednesday, US District Judge Analisa Torres concluded that the SEC’s motion for remedies and the entry for final judgment has been granted and denied in part. As a…

In just one hour, the XRP price rallied 27% to a one-week high of $0.6406 on Wednesday after Judge Analisa Torres ordered Ripple Labs to pay only $125 million of the $2 billion fine sought by the US Securities and Exchange Commission (SEC) against the blockchain payments company after a four-year legal battle.  Ripple’s Legal Victory In the ruling, the court, applying a test derived from the Supreme Court, determined that Ripple’s Institutional Sales constituted offers or sales of investment…

The post Mt Gox Bitcoin Creditor Plans To File Lawsuit, Faces Criticism appeared first on Coinpedia Fintech News A recent post on the Mt. Gox insolvency subreddit has sparked significant controversy and backlash among community members. A Mt. Gox creditor’s Bitcoin claim was waived off by the defunct exchange. The move was taken due to no response on the creditor emails sent by the collapsed exchange. Hence, the creditor seeks to take legal action to claim their share in the…

The post XRP News: Lawyer Predicts July 31 Ruling in Ripple vs. SEC Lawsuit, Here’s What To Expect appeared first on Coinpedia Fintech News The Ripple vs. SEC case has concluded, with two outcomes scorching the market: “Settlement” or “Resolution.” What will happen to the XRP community? We will wait and see! However, Pro-XRP lawyer Fred Rispoli predicts a crucial ruling on July 31 in the Ripple vs. SEC lawsuit, specifically in the remedies phase. As the case nears its…

The post Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit appeared first on Coinpedia Fintech News Cryptocurrency companies face a regulatory roadblock, and Coinbase is taking a stand. It’s time for change.  Coinbase Challenges Pre-SEC Days Paul Grewal, Coinbase’s Chief Legal Officer, took to X to share a significant development in the ongoing legal battle between Coinbase and the SEC. Grewal announced that Coinbase formally requested the Court to order the SEC to produce critical documents as part of…

The post XRP Surges as Lawsuit Nears Conclusion; Vitalik Buterin Invests in New Blockchain; Lithium Finance Shocks Experts appeared first on Coinpedia Fintech News Ripple sees a slight surge as its lawsuit nears conclusion, Vitalik Buterin just invested in this little-known blockchain project while Lithium Finance shocks experts with its performance. Here’s what caught our DeFi eye recently: As the SEC-Ripple case nears an end, the SEC contests Ripple’s claims in its closing brief. Amid debates over XRP’s status MegaETH’s…

The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. SEC Accuses Consensys Of Violating Securities Laws Using Metamask According to the court document, the SEC claims that Consensys has acted “as an unregistered broker of crypto asset securities through its MetaMask Swaps service” since October 2020. The Commission also accused the crypto firm of engaging in the…

Ripple Labs has tapped a procedure win regarding a Class Action lawsuit it is facing in California. The case centers around the classification of XRP as a security, a suit that may form a crucial precedence. American technology company, Ripple Labs Inc. has been granted procedural victory in its ongoing case with the US Securities and Exchange Commission (SEC). The next phase of the case will be sorted at a jury trial, where clarity on XRP’s security status will be…

The SEC has closed its investigation into Ethereum, deciding not to pursue charges that ETH sales were securities transactions. The XRP community is outraged, accusing the SEC of double standards and biased treatment. The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum, marking a significant triumph for developers, technology providers, and industry participants within the cryptocurrency sector. This decision follows a series of regulatory challenges and a lawsuit filed by Ethereum developer Consensys. SEC Ends…