SEC

The post Terraform Labs to Settle SEC Dispute with $4.47 Billion Payment appeared first on Coinpedia Fintech News Terraform Labs has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to pay $4.47 billion, resolving a significant dispute. This comes from the $40 billion market loss in 2022 caused by the Terra ecosystem collapse. Terraform Labs to Pay Nearly $4.5 Billion in SEC Settlement The Securities and Exchange Commission has requested court approval for a final consent judgment…

Ripple continues to expand its global influence by launching the XRPL Japan and Korea Fund despite ongoing legal challenges with the SEC. The strategic initiative aims to bolster blockchain innovation and community engagement in key Asian markets. APAC, short for Asia-Pacific, represents a significant region for technological and economic growth, making it a key area for blockchain and cryptocurrency developments due to its dynamic markets and innovation potential. Following a recent update by CNF on Ripple’s expanding influence and amid…

Ripple faces a potential SEC injunction that could disrupt its expansion plans. A significant court decision on Ripple’s remedies is anticipated soon, impacting the entire cryptocurrency market. Ripple Labs is on the verge of a critical legal showdown with the United States Securities and Exchange Commission (SEC). A recent CNF update indicates that a court decision on the final penalty for Ripple’s institutional sales of XRP is expected in the third quarter of 2024. This decision could impose a severe…

Ripple argues SEC failed to prove Andrea Fox’s testimony as summary evidence, not expert opinion. Ripple’s request to seal and redact financial documents sparks further contention. Ever from its beginning in December 2020, the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) has been an emotional roller coaster. Courtroom drama and a slew of legal disputes followed Ripple’s accusation by the SEC that it had raised over $1.3 billion by selling XRP in an unregistered securities…

The lack of SEC vs Ripple news within the past few days is reported to have contributed to the marginal decline of the XRP price.  However, the pending ruling on the SEC vs. Ripple case and the SEC vs Coinbase legal battle as well as other factors could impact the price in the future.  XRP slips below $0.53, and trades at $0.52 after declining by 0.67% in the last 24 hours and 3.5% in the last 30 days.  According to…

The Ripple vs. SEC lawsuit advances to the Second Circuit Court of Appeals, marking a critical phase in the legal battle over XRP’s status. Recent court developments and the SEC’s enforcement strategies could set significant precedents for the cryptocurrency sector. The ongoing legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken a new turn with the SEC challenging Ripple’s bid for privacy. According to the latest updates from CNF and Coin Market Cap news,…

The post Ripple vs SEC Lawsuit Nears the End: Will XRP Price Crash? appeared first on Coinpedia Fintech News After more than three years of legal battles, the Ripple vs. SEC case is nearing its final stages. Presiding Judge Analisa Torres is carefully reviewing a series of motions, the latest being Ripple’s reply letter supporting its motion to seal documents related to the SEC’s judgment and remedies. Despite progress, Ripple’s substantial XRP holdings remain a significant obstacle. The US SEC…

Ripple’s CEO is convinced the firm is ready to go public through the IPO route. The Ripple boss is, however, convinced that SEC Chair Gary Gensler needs to be fired. The CEO of Ripple Labs Inc. Brad Garlinghouse says the company is now ready for an Initial Public Offering (IPO) launch. However, the company insists on removing Gary Gensler as Chairman of the Securities and Exchange Commission (SEC) for that to happen. Ripple CEO on IPO Prospects: Gensler’s Resignation Tops…

Ripple’s potential overseas IPO reflects skepticism towards U.S. regulatory approval. A blockchain researcher predicts that the XRP price will surge if Ripple goes public. With his statement that it makes no sense to go public in the United States, Ripple CEO Brad Garlinghouse has suggested that the business is looking at other jurisdictions for a possible IPO. Garlinghouse hinted at this during a CoinDesk-hosted interview at the 2024 Consensus conference. Directly questioned on Ripple’s IPO intentions, Garlinghouse voiced doubts about…