SEC

TL;DR Bitcoin (BTC) rose significantly post-halving, hitting $67K, but recently dropped to $64,000. Future projections suggest a potential rise to $150,000 by end of 2024. Ripple is currently in a trial phase with the SEC over XRP’s security classification, resisting a $2 billion fine and arguing for a maximum of $10 million. One popular attorney envisioned a potential settlement around $100 million to be reached this summer. Despite a recent 8% price drop, SHIB’s market indicators, like low exchange reserves…

The US SEC is delaying its decision on Ethereum ETFs filed by BlackRock, Grayscale and Franklin Templeton. The decision is now expected in June. Market experts have been sounding the warning about the SEC’s lack of interest and engagement with prospective issuers, which indicated the agency had no interest in approving the ETFs. Grayscale and BlackRock will have to wait an extra 60 days for the decision on their Ethereum exchange-traded fund (ETF) application with the US Securities and Exchange…

The post Unfazed by SEC Lawsuit, Ripple Prepares for IPO with Strong Investor Interest appeared first on Coinpedia Fintech News Ripple, the company behind XRP, is locked in a fierce battle with the Securities and Exchange Commission (SEC), disputing the penalties imposed by the regulatory body. Ripple asserts its compliance with the law while contesting the SEC’s hefty demands. Legal experts offer varied timelines for resolution, with some anticipating a quick end while others brace for a prolonged legal showdown.…

As cryptocurrencies like Tron (TRX) face regulatory scrutiny, others like Cardano (ADA) and innovative projects such as ETFSwap (ETFS) are doubling down on their commitment to transparency and accountability.  The importance of transparency within a blockchain network cannot be stressed enough, as this feature is important for both the security and experience of users. In the cryptocurrency industry, seasoned investors majorly opt for investment projects that provide complete transparency, allowing them to verify their transactions within the blockchain network.   Although…

TL;DR Ripple is disputing a $2 billion SEC penalty over XRP sales, advocating for a reduction to $10 million, with predictions suggesting a possible $100 million settlement. The company has gained partial court victories that bolster its position in the lawsuit. $100 Million Instead of $2 Billion? The lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), which has been ongoing since December 2020, recently heated up with actions coming from both parties. Last month, the regulator sought a…

The post SEC Delays Decision on Ethereum ETFs: What’s Next for Grayscale? appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) is still delaying its definitive ruling on the proposals for Ethereum-based Exchange Traded Funds (ETFs) even after a month of extension.  As the SEC’s deadline to decide on Ethereum ETFs looms on May 23rd, the atmosphere is filled with anxiety and speculations, particularly concerning major player Grayscale Investments’ efforts to transition its Ethereum Trust into…

The post Blockchain Association And Texas Crypto Alliance Sue SEC Over ‘Dealer Rule’ Expansion appeared first on Coinpedia Fintech News The Blockchain Association and the Crypto Freedom Alliance of Texas have filed a lawsuit against the U.S. Securities and Exchange Commission, alleging that its expanded definition of “dealer” unfairly to include ordinary digital asset trading. The suit, submitted to the District Court for the Northern District of Texas, argues that the rule’s broad scope unjustly targets individuals just trading in…

TL;DR XRP’s value has risen by 3% daily, outpacing other major cryptocurrencies, with multiple analysts setting ambitious price targets. The final phase of Ripple’s legal battle with the SEC, which could significantly influence the asset’s price, begins today. XRP Ready to Take Off? Most leading cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have experienced little-to-no substantial price movements in the past 24 hours. However, this is not the case with Ripple’s XRP, whose value has risen by 3% for the same period, briefly…

XRP’s drop from $0.62 to $0.41 this week appears to have caught the attention of whales. Amid the downturn, these big players in the crypto market have seized the opportunity to accumulate the cryptocurrency that currently stands in seventh position by market cap. XRP’s Whale Activity Intensifies According to the latest findings by popular analyst Ali Martinez, over 31 million XRP was bought in just the past week alone. This sudden surge in whale activity suggests a bullish sentiment towards…