SEC

In the ongoing legal battle, Ripple aims to protect sensitive operational details and customer privacy, awaiting a decision from the Judge. Additionally, XRP’s price action reflects a pattern of bullish and bearish fractals, with support at $0.48 and resistance at $0.56. Amid the Bitcoin price resurgence, Ripple’s native cryptocurrency XRP has given a strong bounceback in the last three days with its price trading at $0.52. The rise in XRP value mirrored a broader trend across most cryptocurrencies, driven by…

Stuart Alderoty of Ripple backs the Senate’s rejection of the SEC’s divisive cryptocurrency regulatory proposal. The bipartisan action shows the increasing popularity of reasonable cryptocurrency innovation and regulation. Chief Legal Officer (CLO) Stuart Alderoty of Ripple has become a strong advocate after the US Senate decisively rejected the controversial cryptocurrency regulatory plan of the Securities and Exchange Commission (SEC). The Staff Accounting Bulletin (SAB) 121 rule from the SEC has caused a great deal of worry in the banking and…

Trading volumes of XRP increased 40% in Q1 2024 in spite of the SEC action. Bullish trend in XRP is driven by whale activity and technical improvements. In its May 17, 2024, release of the Ripple Q1 2024 XRP Markets Report, Ripple outlined noteworthy advancements in the XRP markets and the larger cryptocurrency scene. An examination of trade volumes, market dynamics, and current regulatory issues is given in this extensive paper, which focuses especially on the case against the U.S.…

The post Ripple vs. SEC: Ripple’s Confidential Data at Stake, What To Expect on May 20th Hearing appeared first on Coinpedia Fintech News The ongoing legal battle between the SEC and Ripple is currently in its remedies phase, with both parties set to file their opposition to the omnibus sealing motions on the upcoming Monday. Upcoming Court Filing: May 20 The Court’s scheduling order has appointed May 20th as the date for both parties in the SEC vs. Ripple suit…

The Senate passed a bipartisan vote to overturn the SEC's restrictive rule on custodying digital assets, despite concerns raised by President Biden and the SEC regarding investor protection and market stability. Bipartisan Vote Overturns SEC’s Bulletin In a decisive move, the Senate, with bipartisan backing, has voted to overturn the SEC's Staff Accounting Bulletin (SAB) No. 121, a rule that placed strict limitations on financial institutions regarding custody of digital assets such as Bitcoin. H.J.Res. 109, the resolution aimed at…

The U.S. Senate has repealed SEC guidance that could have required banks to list customer cryptocurrency assets on their balance sheets. The move is seen as a win for both banks and the cryptocurrency sector, protecting custodial services and fostering innovation. In a pivotal decision, the U.S. Senate voted to repeal the Securities and Exchange Commission’s (SEC) guidance known as SAB 121. This guidance, which had been heavily critiqued, would have compelled banks to record their customers’ cryptocurrency holdings on…

Sealing records connected to the SEC’s Motion for Judgement and Remedies is part of Ripple’s appeal to Judge Torres. 280 million XRP tokens were transferred through Ripple and CEX. As per Whale Alert, unidentified addresses recently transferred 279.97 million XRP between Bitstamp and Ripple. After omnibus letter applications to seal important information about remedies-related documents were filed on May 13, the Ripple XRP v. U.S. SEC litigation took a new turn today. According to well-known attorney James K. Filan on…

Bybit is introducing a new community incentive campaign focused on Ethereum. The Bybit Ethereum campaign features rewards including USDT and Tesla Cybertruck. Bybit, one of the leading cryptocurrency exchanges globally, has rolled out a campaign titled “Ethereum Euphoria: The ETF Expedition.” The launch is coming as the crypto community eagerly awaits the U.S. Securities and Exchange Commission’s (SEC) decision on Ethereum Spot ETF applications. Engaging Activities and Lucrative Rewards for Participants The campaign aims to engage users while offering them…

The post Ripple and SEC Enter Final Clash, This New AI Altcoin Could Surge Despite Market Dip appeared first on Coinpedia Fintech News It’s like the season finale over here, with Ripple and the SEC throwing down one last time in this legal epic. Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are at the final stretch of their long-standing battle, and things are heating up! The SEC just dropped its final brief in the appellate phase, sticking…