Lawsuit

TL;DR Bitcoin (BTC) rose significantly post-halving, hitting $67K, but recently dropped to $64,000. Future projections suggest a potential rise to $150,000 by end of 2024. Ripple is currently in a trial phase with the SEC over XRP’s security classification, resisting a $2 billion fine and arguing for a maximum of $10 million. One popular attorney envisioned a potential settlement around $100 million to be reached this summer. Despite a recent 8% price drop, SHIB’s market indicators, like low exchange reserves…

The post Unfazed by SEC Lawsuit, Ripple Prepares for IPO with Strong Investor Interest appeared first on Coinpedia Fintech News Ripple, the company behind XRP, is locked in a fierce battle with the Securities and Exchange Commission (SEC), disputing the penalties imposed by the regulatory body. Ripple asserts its compliance with the law while contesting the SEC’s hefty demands. Legal experts offer varied timelines for resolution, with some anticipating a quick end while others brace for a prolonged legal showdown.…

The post XRP Lawsuit: Hogan Predicts Summer Verdict, $100M Fine for Ripple appeared first on Coinpedia Fintech News Diving deep into the complex world of cryptocurrency legal battles, the ongoing saga between XRP and the SEC takes center stage. In the latest Crypto Law episode, Jeremy Hogan provides a comprehensive analysis, shedding light on the twists and turns of this high-stakes courtroom drama. Jeremy Hogan on Ripple's Reply Brief https://t.co/XKFsVuItep— CryptoLaw (@CryptoLawUS) April 23, 2024 Here’s what he had to…

The post Ripple Rejects SEC’s Harsh Demands, Challenges Unfair Tactics in XRP Lawsuit appeared first on Coinpedia Fintech News XRP’s journey has been nothing short of a rollercoaster, thanks to the ongoing Ripple vs. SEC drama. Priced around $0.55, XRP’s recent surge in trading volume amidst legal turmoil is catching eyes. The case’s outcome isn’t just pivotal for Ripple but for the wider crypto world. In the latest twist, Ripple has made moves to strike down expert witness Andrea Fox’s…

The post XRP Leads Altcoin Surge as Ripple Prepares for Potential SEC Lawsuit Victory appeared first on Coinpedia Fintech News Ripple Labs-backed XRP price led the top altcoins in bullish recovery in the past 24 hours on Tuesday, following the brief Bitcoin (BTC) pump above $67k. According to the latest market data as of this report, XRP price traded around 55 cents, up approximately 2.2 percent in the last 24 hours.  The large-cap altcoin, with a fully diluted valuation of…

The legal battle between Ripple and the Securities and Exchange Commission (SEC) is getting heated and, following recent developments, looks far from over. This is due to the disagreement between both parties on the appropriate remedy for Ripple’s violation of securities laws.  Ripple Proposes $10 Million Fine Instead In opposition to the SEC’s motion for remedies and entry of final judgment, Ripple has proposed that the court should not impose a civil penalty of not more than $10 million. This…

TL;DR Ripple has contested the SEC’s request for a $2 billion fine related to XRP sales, asserting that most transactions were lawful and informed, proposing a maximum penalty of $10 million instead. The case is progressing to a critical trial that could impact XRP’s price and the wider cryptocurrency market. Ripple Opposes the SEC’s Multi-Billion Request The legal spat between Ripple and the United States Securities and Exchange Commission (SEC) is heating up, with numerous actions coming from both parties.…

TL;DR The legal battle between Ripple and the US SEC, centered on allegations of illegal XRP sales, is set to continue with a trial on April 23. Contrary to settlement speculations, Ripple’s Chief Legal Officer confirmed that the two parties are not about to shake hands before the trial. What’s Coming Next? The legal spat between Ripple and the United States Securities and Exchange Commission (SEC) is about to enter its final phase more than three years after its start.…

The post SEC Claims Justin Sun’s Extensive US Travels, Swinging Lawsuit in Their Favor appeared first on Coinpedia Fintech News The United States Securities and Exchange Commission (SEC) has strengthened its lawsuit against Tron founder Justin Sun, alleging that his extensive travel to the U.S. gives the regulator jurisdiction over him despite his attempts to dismiss the case.  The SEC claims that Sun’s extensive travel to the United States provides grounds for jurisdiction, intensifying the legal battle between the regulatory…