SEC

Defense attorney James Filan shares an attachment on X, disclosing that the US Securities and Exchange Commission (SEC) has filed its remedies, reply brief, and supporting documents. The post’s attachment shows that both parties are demanded to file an Omnibus letter motion to seal all materials related to the remedies-related briefing.  The SEC vs Ripple Labs legal battle takes a new twist, sparkling interest as investors, with bated breath, await a conclusive outcome to guide their investment decisions. Updating the…

The post Robinhood Will Win Against US SEC in the Ongoing Case: Says KBW Broker appeared first on Coinpedia Fintech News In a research report on Monday, KBW broker indicated that Robinhood Markets Inc. (NASDAQ: HOOD) will likely fight the United States Securities and Exchange Commission (SEC) in court and win. KBW analysts noted that Robinhood only offers trading for 15 crypto assets and will most likely continue with its services.  Meanwhile, KBW indicated that the US SEC will sue…

The post Ripple vs SEC : SEC Files Sealed Remedy Reply Brief in XRP Lawsuit appeared first on Coinpedia Fintech News The SEC tossed a new twist into their ongoing lawsuit with Ripple by sliding their remedies reply brief and its exhibits under a tight seal. The contents aren’t public yet, but come Wednesday, May 8, we’re all getting a peek at the redacted versions the bigwigs agree on. But that’s not all! There’s a whole lineup of filings related…

Ripple fired back at the SEC this week, deconstructing the agency’s attempt to retain the expert testimony of Andrea Fox, its Enforcement Division’s accountant. Ripple says that Fox did a poor job summarizing its financial situation and that if she’s the agency’s summary witness, the SEC was required to disclose her in advance and not ambush the company. Ripple vs. the SEC is getting ever closer to a conclusion. The latest battle revolves around Andrea Fox, an accountant from the…

Ripple and the XRP ecosystem are uptight with a potential judgment in SEC lawsuit looming. Ripple has argued its case for a $10 million settlement, XRP price shows an uptick. As the week begins, investors await judgment on Ripple’s XRP in its ongoing legal battle with the US Securities and Exchange Commission (SEC). Notably, the SEC is expected to file a remedy-related reply brief today, May 6, and a redacted version by Wednesday, May 8. Investors Brace for SEC Reply…

The post Robinhood Crypto Faces Potential SEC Enforcement Action, Maintain Firm Stance appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has send a Wells Notice to the cryptocurrency arm of the popular trading platform Robinhood, signaling a potential enforcement action by the regulatory body.  This investigation follows a series of investigative subpoenas probing various aspects of RHC’s operations, including cryptocurrency listings, custody practices, and overall platform operations. Details of SEC Alligation  On May 4th, 2024,…

Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. In a Form 8-K filed on Saturday, the company said it received a Wells Notice from the SEC on May 4. Allegations Against Robinhood Specifically, SEC staff disclosed that they’d reached a “preliminary determination” to recommend the agency to file a lawsuit “alleging…

TL;DR Analysts predict targets ranging from $1.88 to $2.50, with some presenting models forecasting XRP’s next 300 days, suggesting significant price shifts. The ongoing Ripple v. SEC lawsuit holds potential to further impact the asset’s valuation, with expectations for a favorable outcome for the company. The Latest Forecasts The last several days have been quite positive for Ripple’s XRP, whose price soared by 6% weekly and is currently trading at around $0.53 (per CoinGecko’s data). The resurgence captured the attention…

Ripple disputes the admissibility of the SEC’s expert testimony ahead of the crucial May 6 deadline. The outcome could significantly impact Ripple’s operations and the broader cryptocurrency market regulation. As the May 6 deadline approaches, Ripple is aggressively challenging the Securities and Exchange Commission (SEC) over its use of expert testimony in an ongoing legal battle. Recent updates from Crypto News Flash reveal Ripple’s objection to the classification and timing of expert materials provided by Andrea Fox, the SEC’s Assistant…