SEC

The post Rep. McHenry Alleges SEC Chair Gensler Misled Congress on Ethereum Status appeared first on Coinpedia Fintech News Rep. Patrick McHenry (R-NC), Chair of the House Financial Services Committee, accused SEC Chair Gary Gensler of misleading Congress about Ethereum’s status. Consensys’s unsealed document from a lawsuit reveal Ethereum’s year-long internal consideration by the SEC as an unregistered security. Also, McHenry has criticized the SEC’s contradictory public stance and private actions, and called it a “regulation by enforcement.” Next week’s…

The SEC opposed Ripple’s motion to strike expert witness Andrea Fox, claiming it’s within the law and doesn’t constitute undisclosed expert testimony. The market continues to wait on the court ruling in the legal battle, with analysts pointing out that XRP will gain close to 20% in the short term. One of the longest-running legal feuds in crypto is edging ever closer to completion, as Crypto News Flash reported. Ripple and the SEC have been fighting in court since former…

While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an unregistered security for a long period of time. SEC and Gensler’s Beliefs Exposed According to the latest FOX report, court documents filed by Consensys on…

After experiencing a significant plummet, Ripple broke below its multi-month ascending trendline and retraced toward the breached level, completing a pullback. This price action suggests a bearish sentiment in the market, potentially leading to a continuation of the downward retracement. XRP Analysis By Shayan The Daily Chart Upon thoroughly examining the daily chart, it’s apparent that XRP underwent a substantial decline below the multi-month ascending trendline, subsequently moving toward the $0.45 threshold. However, buyers stepped in, initiating a bullish rebound…

The post Ripple vs. SEC Update: Legal Analysts Predict Outcome of Expert Witness Motion appeared first on Coinpedia Fintech News After more than three years of exchanging legal blows, the showdown between Ripple and the U.S. Securities and Exchange Commission (SEC) has finally reached the trial stage. In the latest update, Ripple Labs and the SEC, both parties have presented heavy arguments regarding Ripple’s motion to strike the Andrea Fox (Fox Declaration) declaration and its supporting exhibits. The SEC argues…

TL;DR The SEC contested Ripple’s request to dismiss new expert materials, claiming they are standard calculations from the firm’s own financial records. Speculation persists about the lawsuit’s resolution, with predictions of a possible $100 million settlement by this summer, far below the regulator’s initial demands. The SEC Strikes Again The trial between Ripple and the US Securities and Exchange Commission (SEC) has already started, with numerous industry participants expecting to see the end of the lengthy legal battle. Instead of…

The post Ripple vs SEC Lawsuit Update: SEC Strikes Back at Ripple’s Attempt to Exclude Evidence appeared first on Coinpedia Fintech News In the ongoing legal tussle between Ripple Labs Inc. and the Securities and Exchange Commission, a new focal point has emerged concerning the nature of evidence presented in court.  The SEC has opposed Ripple’s motion to exclude certain materials, which Ripple claims qualify as undisclosed expert testimony. The SEC argues the Fox declaration is summary not expert evidence…

Magistrate Judge Sarah Netburn has established a timeline for the ongoing lawsuit between Ripple Labs and the SEC.  Ripple has challenged the SEC’s request for substantial civil penalties, arguing that the SEC’s allegations lack adequate evidence.  The legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has recently progressed to trial, attracting attention from the cryptocurrency community.  Magistrate Judge Sarah Netburn has established a timeline for the ongoing lawsuit between Ripple Labs and the SEC…

The post Why This Whale Moved 53M XRP Just Before SEC Deadline Of 29th April appeared first on Coinpedia Fintech News In the midst of a turbulent day for major cryptocurrencies, XRP faces a 2.3% dip alongside a broader market selloff. However, the spotlight is on significant whale movements of 53 million XRP just ahead of the SEC filing deadline on April 29, raising questions about the motives behind these transactions amid the ongoing legal battle with Ripple Labs. Whales…