Ripple

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…

Ondo, one of the top coins linked with RWA has been listed on the South Korean exchange Upbit. This will help in expanding the usage of the token particularly among the users in the South Korean market. At the same time, analysts have identified Ripple and Angry Pepe Fork as the best altcoins to invest in at the moment. It is said that the price of both coins could rise greatly in the next several weeks. So, investors are advised…

David Hirsch, SEC’s head of crypto enforcement, resigns after nearly a decade. His departure marks a significant shift in the SEC’s approach to crypto regulation. David Hirsch, who led the United States Securities and Exchange Commission’s (SEC) Crypto Asset and Cyber Unit within the Division of Enforcement, has resigned after nearly nine years of service. As shared by CNF, his departure marks a significant change within the regulatory agency. Hirsch played a crucial role in overseeing and regulating the rapidly…

XRP price is struggling to gain bullish momentum above $0.50. The price must settle above $0.50 and $0.520 to start a steady increase in the near term. XRP price extended losses before it found support near the $0.4765 zone. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start…

XRP surged over 5% in the last 24 hours, with trading volume up by 171%. Legal battles with the SEC and the launch of Ripple’s stablecoin are driving market speculation. XRP, the cryptocurrency affiliated with Ripple, has experienced a notable surge against Bitcoin (BTC), underscoring a significant decoupling from Bitcoin’s relatively stagnant performance. Over the past 24 hours, the XRP/BTC trading pair on Binance has risen by over 5%, marking its strongest daily performance against Bitcoin since March 11th, when…

Ripple’s ongoing legal battle with the SEC sees a significant reduction in penalties. The SEC’s original demand of $2 billion has been lowered to $102 million. Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has highlighted a significant shift in the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC). The SEC has dropped its initial $2 billion demand to $102 million. Alderoty criticized the SEC for its excessive fines and emphasized that Judge Torres had ruled…

The post US 2024 Elections: Pro-Crypto Candidates for the WIN? Ripple CEO Comments appeared first on Coinpedia Fintech News The new political power player is here, and it’s digital. Since 2023, the cryptocurrency industry has poured $150 million into political campaigns, aiming to influence regulations favoring digital currencies. Ripple CEO Brad Garlinghouse recently ignited debate by suggesting that candidates supportive of crypto could see significant financial backing soon. Understanding the Political Impact Garlinghouse’s comments highlight the increasing sway of crypto…

The post US SEC’s Crypto Enforcement Head David Hirsch Quits; Does This Signal an End for the Ripple Case? appeared first on Coinpedia Fintech News David Hirsch, the SEC’s enforcement lead, has stepped down. His departure was announced through a post that indicated last Friday was his final day after nine years at the agency. As the Chief of the Crypto Asset and Cyber Unit within the Division of Enforcement, Hirsch was involved in every major project targeted by the…

Last week, Ripple invoked the Terraform ruling to cut down on the penalty demands from the SEC, with the agency proposing a new fine of $102 million, which Ripple wants reduced to $10 million. The XRP price has rebounded in the past week and, with a 5% gain in the past day, was the only top ten crypto in the green as most coins get off to a bad start to the new week. XRP has kicked off the week…