Ripple

The post Ripple: The New Federal Reserve? Wall Street Analyst Linda Jones Weighs In appeared first on Coinpedia Fintech News Wall Street Analyst Linda Jones has indicated that Ripple could perform a similar role to the Federal Reserve in the emerging financial system. Jones expressed This in a recent edition of the Good Morning Podcast. The discussion focused on the BRICS coalition’s efforts to break from the dollar standard and its potential impact on the US economy.  The Single Currency…

Virtune’s XRP ETP Launch on Nasdaq Stockholm Boosts Investment Opportunities for Nordic Investors. Secure, Physically-Backed XRP ETP Now Available with Virtune, Partnered with Coinbase. Following the update on XRP holdings surge, when 19 banks reported $10.27 billion investment positions as previously reported by CNF, Virtune (AB) is now available for institutional investors interested in exploring the potential of the current and upcoming ETPs for discretionary asset management. Specifically, in a tweet from Collin Brown today, Nasdaq Stockholm welcomes the Virtune…

The post Ripple vs. SEC: Ripple Fights Back with a Filing Of Notice of Supplemental Authority appeared first on Coinpedia Fintech News The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been ongoing for over three and a half years. In the latest development, the SEC has significantly reduced its penalty demand from $2 billion to $102 million.  Despite this, Ripple has rejected the SEC’s offer and instead filed a Notice of Supplemental Authority, as…

The post Binance’s Epic Win Over SEC: Ripple Case Now in the Spotlight appeared first on Coinpedia Fintech News In a significant ruling for Binance, the US District Court for the District of Columbia dismissed huge claims made by the SEC against Binance. Headed by the chairperson Gary Gensler, the SEC filed a legal lawsuit against Binance in June 2023, alleging the exchange sold unregistered securities and operated illegally in the U.S.  Judge’s Ruling Echoes Ripple’s Long-Awaited Victory The decision…

XRP’s price heavily relies on the upcoming ruling in the SEC vs. Ripple case, as investors remain cautious about a decision that could prohibit its sales to US institutional investors.  According to analysts, XRP could rally to $0.55 or decline to $0.45 as it currently hovers below the 50-day and 200-day EMAs.  The price of XRP failed to record a substantial gain on Monday (July 1), as it only managed a 0.23% surge following a 0.70% gain on Sunday (June…

Ripple’s victory in the XRP vs. SEC case solidifies XRP’s non-security status. The court’s decision, now recognized as “Law of the Land,” positively impacts XRP’s market position. In a turn of events after the countdown began, as reported in a previous CNF report Ripple vs. SEC Faces Crucial 14-Day Deadline as XRP Case Battle Heats Up, Ripple finally comes out as a big winner in the XRP vs. SEC case, with non-security status becoming ‘Law of the Land’. Via his…

The outcome of SEC v Binance, where Judge Amy Berman Jackson rejected SEC’s claims on Binance’s BNB token, could set a precedent affecting XRP and broader crypto regulations. John E. Deaton’s involvement with 75,000 XRP holders highlights the significance of court decisions in shaping future SEC rulings. Amid the current developments in the SEC vs Ripple case, the native cryptocurrency XRP has shown some momentum, gaining 1.67% in the last 24 hours and moving past $0.48 as of press time.…

Ripple’s approval for global transfers in Dubai signals international growth. The SEC’s initial $2 billion penalty against Ripple may be reduced to under $25 million, with potential operational restrictions pending. Ripple received approval for global transfers in Dubai. The move is significant for Ripple’s international expansion efforts despite ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). The approval underscores Ripple’s potential for growth and influence in the global financial system. The outcome of this high-profile case could…

Ripple President Monica Long highlights XRP’s regulatory clarity and substantial trading volumes as pivotal factors supporting the probability of XRP ETF in the future. District Judge Amy Berman Jackson’s recent alignment with Judge Torres’ ruling on XRP and her dismissal of the SEC’s arguments in the Binance versus SEC case mark significant legal victories for the cryptocurrency industry. ETFs have become the central topic in the crypto space in 2024 as crypto asset holders speculate on the potential price impact…