SEC

TL;DR The legal spat between Ripple and the SEC has progressed to trial, with analysts predicting a win for the company due to previous positive court developments. Some expect an XRP bull run if the firm emerges victorious, though a final resolution may be delayed in the following years. An Eventful Week After firing shots at each other for over three years, the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) finally entered its trial phase.…

The post Ripple Vs SEC Lawsuit Update: Here’s What To Expect Next Week appeared first on Coinpedia Fintech News Last week, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) progressed to trial, with many expecting a soon resolution. Attorney James K. Filan announced a new schedule from Magistrate Judge Sarah Netburn, targeting the motion for remedies and final judgment. The SEC must respond by April 29, and Ripple has three business days afterward to reply.…

The post Franklin Templeton’s Ethereum ETF Listed Despite SEC Rejection Rumors appeared first on Coinpedia Fintech News Whispers in financial circles suggest that the SEC might reject Ethereum ETFs by the looming May 23rd deadline. However, Franklin Templeton’s recent move has caught everyone off guard. In a bold move, Franklin Templeton has listed its “Franklin Ethereum TR Ethereum ETF,” bearing the code EZET, on the Depository Trust and Clearing Corporation (DTCC). This unexpected move comes at a time when rumors…

In response to the impending conduct injunction expected from the ongoing legal battle with the SEC, Terraform Labs announced measures to comply with regulatory requirements. These measures include barring U.S. users from accessing certain products and features starting April 28. Despite expressing frustration, the company acknowledges the necessity to adapt to the evolving regulatory landscape. Amid the growing U.S. regulatory scrutiny, Terraform Labs has recently introduced some bold measures in place. Earlier this week on Thursday, April 25, Terraform Labs…

The post Ripple vs. SEC Nears Key Deadline: Settlement or Showdown? appeared first on Coinpedia Fintech News In the cryptocurrency world, all eyes are on XRP as whales—holders of large amounts of the digital asset—transfer a whopping 180 million coins. This move has added a new layer of intrigue to the ongoing legal clash between Ripple and the U.S. Securities and Exchange Commission (SEC). With the courtroom showdown reaching a critical stage, April 29 is a date everyone’s watching, as…

The FUD surrounding Ethereum remains incessant.  While on the one side, the XRP army has been accusing the US Securities and Exchange Commission of displaying favouritism towards ETH. On the other hand, the SEC appears poised to not only publicly claim that Ethereum is a security, but also reject spot Ether ETFs in May.  The Ethereum price has impressed the bulls with its resilience as it continues to trade above $3100. However, analysts are cautioning investors regarding the possibility of…

The market continues to chop, clearly unable to pick a definitive direction throughout the past seven days. The total capitalization currently stands at around $2.5 trillion, more or less where it was during the same time last week. However, there’s been substantial volatility, sending many leveraged traders into liquidations. Let’s have a look. Starting with Bitcoin, it has failed to make any progress during the past seven days, but this wasn’t due to a lack of effort. On Monday, April…

Magistrate Judge Sarah Netburn has set a new course for the Ripple vs. SEC case with a scheduling order. Ripple Labs challenges the SEC’s heavy penalties, advocating for a $10 million settlement. In recent developments, Magistrate Judge Sarah Netburn, following her appointment as District Judge, issued a new scheduling order in the ongoing lawsuit between Ripple Labs and the SEC. According to a report by CNF, this order outlines deadlines for the SEC to respond to Ripple’s motion to dismiss…

ConsenSys has initiated legal action against the SEC to challenge the classification of Ethereum as a security. Ethereum’s price could potentially explode to $5,000 amidst legal and regulatory developments. In a significant move within the cryptocurrency realm, Ethereum developer ConsenSys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC). Filed in the District Court for the Northern District of Texas, this legal challenge seeks to prevent the SEC from classifying Ethereum as a security. The case specifically…