Settlement

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…

BRICS is moving forward with plans to launch a stablecoin for international settlements as well as lessen the dollar’s international influence. The XRP community has touted Ripple’s XRP settlement platform as the best option for the bloc to build, launch, and develop its digital assets. BRICS has confirmed plans to build and launch their stablecoin. The bloc aims to use the digital asset to settle international payments and use the asset to lessen the U.S. dollar’s influence in the world.…

The post Ftx-Voyager Settlement: Judge Gives the Green Light to $450M Deal, Spelling Relief for Voyager appeared first on Coinpedia Fintech News In a historic development, Voyager Digital has reached a crucial settlement with FTX and Alameda, resulting in the release of Voyager from a hefty $450 million repayment obligation. This monumental agreement on April 29th, sanctioned by Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware, aims to settle all claims between the two…

Attorney Bill Morgan says that the SEC is seeking an injunction that would stop On-Demand Liquidity (ODL) XRP sales, which would be the biggest obstacle to the expected settlement. The agency is also seeking to appeal the court’s decision on the company’s programmatic sales of XRP, as sudden deposits of the token on exchanges spook investors. The precedent-setting lawsuit between the US Securities and Exchange Commission (SEC) and Ripple enters a critical stage this week. According to one crypto-friendly lawyer,…

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…

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried.  In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam  Bankman-Fried And Insiders Settle Per the report, if approved by a judge, this agreement would release Bankman-Fried from civil liability just weeks after being sentenced to 25 years in prison…

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 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…

The post Will the Ripple vs. SEC Settlement Occur in the Next 24 Hours? XRP Price Facing the Heat appeared first on Coinpedia Fintech News Today’s meeting of Ripple vs. SEC behind closed doors is crucial, and the prospect of a settlement looms large, capturing the attention of both the crypto community and investors. Recent developments, including closed-door discussions and legal filings, suggest ongoing negotiations between the two parties. However, the outcome remains uncertain, with the upcoming pre-trial conference Today…