Ripple

The post Ripple vs SEC: SEC Accuses Ripple Over ODL Sales Mirror Past Violations appeared first on Coinpedia Fintech News The long-standing legal dispute between Ripple and the US Securities and Exchange Commission (SEC) has taken a new turn, intensifying the debate over Ripple’s On-Demand Liquidity (ODL) sales.  Recent developments and allegations by the SEC accuse Ripple of engaging in ODL sales practices similar to the conduct that previously resulted in violations. As the trial progresses, the legal experts have…

In a recent legal development, Ripple Labs has proposed lessening the $2 billion penalty that the SEC wants imposed on the enterprise to $10 million. This request comes after Terraform Labs agreed to a $4.47 billion settlement.  Ripple claimed that the demand by the SEC was excessive and unwarranted, especially since no allegations of fraud were made, as was the case for Terraform. We are witnessing Ripple’s cautious steps in the ongoing litigation with the SEC, which points to a…

Ripple Labs has cited the Terraform Labs settlement as a yardstick to lower its own penalty demand from the SEC. Ripple believes its fine should not exceed $10 million against the $2 billion the SEC is requesting. XRP saw its price plummet following a recent filing involving the ongoing case between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC). According to our data, XRP declined by 3% on Thursday to trade at $0.4773. Ripple’s Court Filing Defense…

Ripple argues the SEC’s penalty demands show bias, citing the Terraform case. Ripple President Monica Long criticizes the SEC’s crypto approach at Money20/20. As well-known XRP attorney Bill Morgan draws attention to the SEC’s “strange animus” against Ripple, the company’s continuous legal struggle with the agency has reached new heights. Morgan claims there may be bias because the penalties the SEC is pursuing against Ripple are excessively severe in comparison to other cryptocurrency-related cases. This supplemental authority draws attention to…

Ripple supports Terraform Labs, calling the SEC’s $4.47 billion penalty unreasonable. Terraform Labs argues its penalty should not exceed $10 million due to financial constraints. Ripple Labs Inc., which is urging the court to overturn the US Securities and Exchange Commission (SEC) settlement fine, is supporting Terraform Labs. The SEC asked on June 12 that Terraform and its creator, Do Kwon, pay $420 million in civil penalties and $3.58 billion in disgorgement. Based on claims that Kwon and his previous…

The post Ripple vs SEC Lawsuit: Can $2B Fine Be Reduced? Will Terraform Labs Settlement Influence Outcome? appeared first on Coinpedia Fintech News Ripple Labs has challenged the U.S. Securities and Exchange Commission (SEC) on their $2 billion fine in the ongoing lawsuit. On Thursday, the company’s attorney stated in a “notice of supplemental authority” that the penalty proposed by the SEC is excessively punitive. In addition, they brought the comparison with the recent Terraform Labs settlement, and persuaded the…

The recent settlement deal between the US SEC and Terraform Labs has sent shockwaves to the Ripple community ahead of the case verdict. Ripple has continued with its XRPL development plan outside the United States to ensure mass adoption of XRP ahead. The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs, a top-tier blockchain payment company, over the sales of XRP to fund its operations has continued to attract different opinions. The crypto regulatory…

The post Ripple Unveils RLUSD: A New Stablecoin on XRPL and Ethereum appeared first on Coinpedia Fintech News Ripple has officially introduced its upcoming stablecoin, which will be named Ripple USD (RLUSD), a significant milestone in its strategic expansion. This announcement comes following enthusiastic speculation and teases from the crypto community. RLUSD is supported 1:1 by U.S. dollars, and aims to provide its users a stable as well as a transparent store of value. This stablecoin shall be available on…

The post Ripple Unveils XRPL EVM Sidechain to Enhance Interoperability With Ethereum Ecosystem  appeared first on Coinpedia Fintech News Ripple Labs, a leading blockchain payments company using XRP as the native digital asset, has launched a new product dubbed XRPL EVM Sidechain. The XRPL EVM Sidechain will introduce Ethereum Virtual Machine (EVM) compatibility with the XRP Ledger (XRPL).  According to the announcement, the XRPL EVM Sidechain will enable decentralized financial (DeFi) developers to build next-generation Web3 applications. Notably, the XRPL…