SEC

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…

A United States district court judge has signed off on a $4.5 billion settlement between Terraform Labs, Do Kwon and the United States Securities and Exchange Commission.  The settlement effectively bans Terraform Labs and Do Kwon from participating in the crypto industry and also requires the parties to pay $4.5 billion in prejudgment interest, disgorgement, and civil penalties.  US Judge Signs Off On Settlement The settlement, approved by New York District Court Judge Jed Rakoff, carries substantial legal implications. It…

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…

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 SEC Chairman Gensler Predicts Approval of ETH Spot ETF S-1 by End of Summer appeared first on Coinpedia Fintech News Prospective spot Ethereum ETF issuers are awaiting the SEC’s comments on their S-1 filings, submitted on May 31. However, their wait might soon end. Reports suggest that SEC Chair Gary Gensler confirmed a potential approval of the S-1 filings for spot Ethereum by the end of summer, likely between June and August. SEC Chair Teases S-1 Approval In…

The post Terra Luna Classic (LUNC) Price Faces a Steep Uphill Ahead Following Historical US SEC Settlement  appeared first on Coinpedia Fintech News The Terra Luna Classic (LUNC) community has undergone a challenging period since the 2022 market capitulation, which wiped out over $30 billion in a single week. The historical fall of UST logarithmic stablecoins has haunted the Terra LUNC ecosystem despite rebranding to refreshed products in the recent past.  Moreover, the leadership of Do Kwon has largely been…

The post Terra Tokens Make A Move! LUNC And LUNA Tokens To Surge Amid SEC Settlement? appeared first on Coinpedia Fintech News Following the positive outcome of the 5th U.S. CPI data release yesterday, the crypto market experienced a strong bullish reversal with the market leader, Bitcoin price, adding approximately 5% to its portfolio. On the other hand, following the settlement news of Terra Labs and Do Kwon with the SEC, Terra tokens experienced strong bullish price action. However, during…