SEC Lawsuit

Ripple – the blockchain technology company behind XRP – is seeking dismissal of the Security and Exchange Commission (SEC)’s 2020 lawsuit against the firm. It claims that XRP does not constitute an “investment contract”, and thus cannot be called unregistered security.  Can Ripple End the Lawsuit? As reported by BNN Bloomberg, Ripple’s weekend filing claims XRP investors do not have rights, and that Ripple is not required to act in their interests. It cited a lack of documents imposing such…

Ripple’s price has taken huge strides in the past week. Meanwhile, it bested Solana and Cardano in a fit to reclaim its spot among the top-five biggest cryptocurrencies. A notable increase in daily active addresses and positives from its ongoing case with SEC could be contributing to its pump. On Tuesday, February the 8th, 2022, XRP’s price did a significant jump of 20% within 24 hours. This move took the crypto's trading price to $0.91 at 6:29 UTC – a…

Ripple is in the spotlight again for its lengthy, ongoing cryptocurrency lawsuit with the Securities and Exchange Commission (SEC). This time, the court has ruled against a defendant claiming that the term "dealer" had no fair notice. Therefore, it would have less binding authority than the “investment contract” term. Nevertheless, attorney Hogan quickly explained that it is the Commission's fault and the burden is on them. Meanwhile, SEC has filed a letter of supplemental authority. This document should support its…

Cryptocurrency exchange Coinbase said it decided to halt its plans to launch an interest-earning product. On its blog website, the platform stated it would not launch Coinbase Lend. The development comes a few weeks after the SEC threatened to sue Coinbase if it proceeded with its program. As a result, it stops the exchange from allowing users to earn interest by lending digital assets.  CEO Brian Armstrong had taken the U.S. regulators to task on Twitter for its lack of guidance on the…

Crypto data aggregator and research platform, Messari said that BTC & XRP are South Korea's most famous holdings.  The research derives its data from Bithumb, Coinone, and Corbit from the financial year 2019.  Ripple, the San Francisco-based blockchain service provider, has had a record-breaking 2020 with significant RippleNet transactions growth. The technology firm also reported the signing of 15 new RippleNet customers to close out 2020 despite the SEC's lawsuit. Ripple's CEO, Brad Garlinghouse, recently said  RippleX has now reached…

According to data from Whale Alert, the blockchain decacorn Ripple, along with several Binance branches transacted more than 51 million XRP. XRP's downfall started when the SEC filed a lawsuit against Ripple. Meanwhile, Ripple called the allegations unfounded and vowed to respond to them in court in the coming weeks. The San Francisco-based company has repeatedly referred to the US SEC's claim as an attack on crypto. Ripple CEO Garlinghouse claimed the agency's actions directly benefited China. $13 million in…