Lawsuit

TL;DR XRP saw increased discussion rate, spurred by the SEC’s criticism of its upcoming stablecoin. The asset has been quite popular in the past few years due to the ongoing lawsuit between Ripple and America’s securities regulator. The Top 10 Club The market intelligence platform – Santiment – presented the top 10 cryptocurrencies that have been involved in the most discussions lately. The first place belongs to the popular privacy token – Monero (XMR) – due to the disclosure that…

TL;DR BTC has been hovering between $59,000 and $65,000 in the past several days, settling around $61,700. Optimistic forecasts suggest a potential rise to $74,000 due to technical patterns and recent halving effects. The legal conflict between Ripple and the SEC continues, focusing on whether XRP is an unregistered security. Solana’s SOL has climbed by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the asset’s strong market performance. BTC’s Price Swings The primary…

The post Ripple vs SEC: Unpacking the SEC’s Strategy in the XRP Lawsuit appeared first on Coinpedia Fintech News Famous crypto influencer ‘MetaLawMan’ who was recently active on Twitter has shedded light on the SEC’s case against Ripple, especially concentrating on the SEC’s recent filing regarding damages and disgorgement. On X he posted hsi assertion that the SEC has not convincingly added anything to the discussion on victims or why disgorgement ought to be the favored remedy.  According to MetaLawMan,…

The post Ripple vs SEC : SEC Files Sealed Remedy Reply Brief in XRP Lawsuit appeared first on Coinpedia Fintech News The SEC tossed a new twist into their ongoing lawsuit with Ripple by sliding their remedies reply brief and its exhibits under a tight seal. The contents aren’t public yet, but come Wednesday, May 8, we’re all getting a peek at the redacted versions the bigwigs agree on. But that’s not all! There’s a whole lineup of filings related…

Investors from Florida and California have sued Coinbase for deceiving investors into buying unregistered securities and alleged that the exchange’s business model is illegal. The lawsuit singles out tokens such as Stellar’s XLM, Solana’s SOL, Algorand’s ALGO, Polygon’s MATIC and Uniswap’s UNI as securities. Coinbase just can’t seem to leave its legal trials behind. The exchange is facing yet another lawsuit alleging that it facilitates the sale of securities without proper licensing, not for the first time. The latest lawsuit…

Coinbase cryptocurrency exchange and its CEO, Brian Armstrong, are facing a new lawsuit from a group of plaintiffs from California and Florida alleging that they were deceived into purchasing unregistered securities. This is not the first of Coinbase’s legal hurdles following the United States Securities and Exchange Commission (SEC) lawsuit from mid-2023. Lawsuit Alleges Coinbase Sold Unregistered Securities The new class action lawsuit was filed in the United States District Court for the Northern District of California, San Francisco Division.…

TL;DR Ripple contests the SEC’s classification of the “Fox Declaration” as standard evidence, arguing it’s expert testimony, which affects the legal proceedings. Predictions suggest a possible $100 million settlement in case, potentially impacting XRP’s value and the broader crypto market. Ripple Strikes Back The legal battle between Ripple and the US Securities and Exchange Commission (SEC) escalated recently due to a disagreement on one key witness’ testimony. The two entities can not find common ground on a statement from Andrea…

The post Ripple vs SEC Lawsuit Update: Ripple Asks Court to Dismiss SEC Expert Evidence appeared first on Coinpedia Fintech News In the legal showdown, Ripple does not back off from brushing off the SEC’s highly controversial evidence to present in court.  Here’s the real story behind it:   Fox’s Role in the Case James K. Filan, a veteran defense lawyer, reported that Ripple filed a letter in support of its April 22, 2024, request to strike new expert materials and…

TL;DR The SEC contested Ripple’s request to dismiss new expert materials, claiming they are standard calculations from the firm’s own financial records. Speculation persists about the lawsuit’s resolution, with predictions of a possible $100 million settlement by this summer, far below the regulator’s initial demands. The SEC Strikes Again The trial between Ripple and the US Securities and Exchange Commission (SEC) has already started, with numerous industry participants expecting to see the end of the lengthy legal battle. Instead of…