SEC

Ripple is gearing up to challenge a significant SEC lawsuit potentially involving $2 billion in fines. XRP’s price has exhibited strong growth, breaking key resistance levels amid ongoing legal developments. XRP, the digital currency issued by Ripple, has experienced a notable surge, surpassing the $0.50 mark to reach a high of $0.54. This price movement is in line with CNF’s previous report on the 6% jump in XRP’s price amid the escalating legal battle between Ripple and the SEC. This…

Ripple’s legal maneuvering in the SEC case intensified as it filed a Motion to Strike against new expert materials submitted by the SEC. The motion challenges the SEC’s late submission of crucial accounting analysis and substantive conclusions regarding remedies. On Monday, April 22, the Ripple vs SEC case took an interesting turn with Defense attorney James Filan sharing key developments in the ongoing case. Ripple has lodged a Motion to Strike against the recent expert materials submitted by the SEC…

The post XRP Leads Altcoin Surge as Ripple Prepares for Potential SEC Lawsuit Victory appeared first on Coinpedia Fintech News Ripple Labs-backed XRP price led the top altcoins in bullish recovery in the past 24 hours on Tuesday, following the brief Bitcoin (BTC) pump above $67k. According to the latest market data as of this report, XRP price traded around 55 cents, up approximately 2.2 percent in the last 24 hours.  The large-cap altcoin, with a fully diluted valuation of…

The post Ripple Lawyer Clarifies ODL Sales Not Investment Contracts, Defends Against SEC appeared first on Coinpedia Fintech News As the Ripple vs SEC legal battle escalates, the blockchain payments firm has filed an opposition citing that XRP sales on ODL do not count as investment contracts. Pro-XRP lawyer Bill Morgan has made a compelling argument regarding Ripple’s On-Demand Liquidity (ODL) sales. Moreover, he emphasized that these ODL sales do not constitute investment contracts. Morgan’s assertion comes amidst Ripple Labs’…

The legal battle between Ripple and the Securities and Exchange Commission (SEC) is getting heated and, following recent developments, looks far from over. This is due to the disagreement between both parties on the appropriate remedy for Ripple’s violation of securities laws.  Ripple Proposes $10 Million Fine Instead In opposition to the SEC’s motion for remedies and entry of final judgment, Ripple has proposed that the court should not impose a civil penalty of not more than $10 million. This…

TL;DR Ripple has contested the SEC’s request for a $2 billion fine related to XRP sales, asserting that most transactions were lawful and informed, proposing a maximum penalty of $10 million instead. The case is progressing to a critical trial that could impact XRP’s price and the wider cryptocurrency market. Ripple Opposes the SEC’s Multi-Billion Request The legal spat between Ripple and the United States Securities and Exchange Commission (SEC) is heating up, with numerous actions coming from both parties.…

SEC lawyers Michael Welsh and Joseph Watkins resigned this month after the regulator was sanctioned by a federal judge in a crypto case against Digital Licensing Inc., otherwise known as DEBT Box. Judge Robert Shelby found that the SEC made false statements, misrepresentations, and lacked evidence in its case against the digital asset firm in which it alleged a $49 million crypto fraud scheme. The lawyers, who were lead attorneys in the DEBT Box case, were told by SEC officials…

The post Ripple vs. SEC: Ripple Labs Challenges SEC’s Late Expert Submission appeared first on Coinpedia Fintech News In a significant legal manoeuvre, Ripple Labs Inc. has filed a motion to strike new expert materials submitted by the Securities and Exchange Commission (SEC) in the ongoing court saga that has captured significant investor attention.  Let’s take a look at this latest development which adds another layer of complexity to the high-profile case, as Ripple challenges the timing and appropriateness of…

The post Ripple vs SEC: Ripple To File Response on SEC’s $2Bn Penalty Demand Today, on April 22 appeared first on Coinpedia Fintech News Ripple’s long-standing legal battle with the United States Securities and Exchange Commission is entering its final phase. The outcomes from this case could have a significant impact on the cryptocurrency industry, with potential ramifications for the price of XRP, Ripple’s native token.  This week, especially today, April 22, 2024, is of high importance in the case…