SEC

XRP traders and investors remain unsure of the next steps in the SEC versus Ripple lawsuit. While a verdict on remedies payment is likely soon, the coming election might change narratives. XRP, the digital asset associated with Ripple Labs Inc., recently saw its price plummet as a court ruling in the ongoing case with the SEC came into view. Specifically, XRP ended its Wednesday session, decreasing by 1.2% to $0.4697, according to data our data. XRP Struggles Amid Ongoing SEC…

The post Will Ripple Settle? Lawyer’s Weighs in on Ripple vs SEC Settlement, Appeal, and Much More appeared first on Coinpedia Fintech News The crypto community is eagerly waiting for the final judgment in the high-profile lawsuit between Ripple and the US SEC. The case, which involves potential fines totaling $2 billion, is crucial for the future of crypto regulation. Possibility of Settlement Weighing on the matter, prominent lawyers, including former SEC attorneys Marc Fagel and James Farrell, believe that…

The post Coinbase Sues SEC and FDIC, Demands Transparency in Crypto Regulations  appeared first on Coinpedia Fintech News In a move that could shake everything up, Coinbase has launched lawsuits against two powerful federal agencies—the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). Coinbase’s Chief Legal Officer, Paul Grewal, took to social media to announce the filings, which aim to pry loose crucial information held by these agencies. What secrets could the SEC and FDIC…

XRP price continues its bearish run as analysts predict a potential fall below the $0.45 support level.  The ongoing trend is reportedly triggered by the uncertainties surrounding the Ripple vs SEC court case and a recent statement by SEC’s chair Gary Gensler.  XRP reversed a 1.19% loss on Tuesday (June 26) after making a mini move of 0.44% surge to end the day at $0.4761. However, the asset continues a bearish trend as it hovers below the 50-day and 200-day…

The post XRP ETF Potential: Monica Long’s Take Amid Ripple vs. SEC Case appeared first on Coinpedia Fintech News Monica Long, Ripple’s president, chimed into Ripple’s situation and future during its legal battle with the SEC. A key court ruling said XRP is not a security, allowing Ripple to expand its ecosystem. This decision helped Ripple focus on improving its payment systems, using the XRP Ledger, and developing new custody solutions with partners like Metaco. Here’s what she has to…

The SEC and Ripple have been given until July 8 to submit to the court their updated motions on the contested sealing of portions of their briefs in the XRP lawsuit. Legal experts say that the SEC is now just as interested in a quick conclusion to the case, which has increasingly turned against the agency; a win for Ripple would push XRP to new heights. The Ripple vs. SEC lawsuit has heated up over the past year after nearly…

The post Terraform Labs’ $4.5 Billion SEC Settlement Spurs LFG’s Crypto Transfer appeared first on Coinpedia Fintech News The Luna Foundation Guard (LFG), associated with Terraform Labs (TFL), recently transferred its crypto holdings to a direct custody solution following a significant settlement with the U.S. SEC.  This move has raised questions about the foundation’s financial strategies. Background and Settlement with the SEC Notably, this activity comes shortly after Terraform Labs and its co-founder Do Kwon settled a civil fraud case…

Ripple celebrates a court victory while navigating ongoing legal challenges. The SEC’s potential appeal could significantly impact XRP’s market dynamics. Following the latest CNF update on Ripple’s legal victory, XRP’s value dipped slightly by 0.55% over the weekend, indicating market uncertainty amid Ripple’s ongoing legal battles. Ripple recently celebrated a significant win in California, where courts dismissed claims of securities law violations, diverging from a prior New York ruling against Ripple. As highlighted in Today’s CNF YouTube, this victory does…

This week's major news is that the SEC is bowing out of its investigation into Ethereum. The regulatory agency has, for now, dropped its attempts to categorize ETH as a security thanks to the pressure put on it by Ethereum developer Consensys. Despite the SEC’s dropping of the investigation, Consensys has decided to proceed with the lawsuit against the regulatory agency. Let’s find out more.  Bitcoin UK-based Standard Chartered is officially establishing a spot Bitcoin and Spot Ethereum trading desk.…