In a significant development in cryptocurrency, former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, have agreed to settle insider trading charges. The Securities and Exchange Commission (SEC) accused the brothers of engaging in a scheme to trade ahead of multiple announcements related to at least nine crypto
In an unexpected turn of events, Kylie Chiseul Kim, an attorney, has decided to resign from Ripple Labs, a prominent blockchain technology company. This recent development has piqued the Ripple community’s interest and raised concerns about the company’s future direction. #XRPCommunity #SECGov v. #Ripple #XRP Attorney Kylie Chiseul Kim has
Dan Berkovitz, the former CFTC Commissioner, mentioned in the latest episode of the Unchained podcast that there is a possibility of considering Ethereum’s native Ether token as both a commodity and a security. In addition to his role as former CFTC Commissioner, it is worth noting that Dan Berkovitz also
In the “never-ending SEC vs Ripple battle,” Ripple Labs has recently seen some positive winning streaks. On 16th May, Ripple bagged a significant win against the U.S. Securities and Exchange Commission to make Hinman speech-related documents public. However, both parties in the ongoing legal battle over the use of the
After a long downtrend, Ripple’s native cryptocurrency XRP gained momentum in the market and was spotted in the top gainers’ list for more than three days in a row, as per CoinMarketCap data. The XRP price is on a “bullish rampage,” as the altcoin traded for its sixth consecutive day
Next to the response of leaving the United States from the top cryptocurrency exchanges such as Binance and Coinbase, Ripple’s CEO Brad Garlinghouse says that many other crypto firms could also move. This has been reported in a CNBC interview on May 18, 2023. If the U.S. prolongs the change
On May 17, a press release regarding the digital currency asset manager, Grayscale Investments is announced. It highlighted the Filecoin (FIL) Trust Product issue over the Securities and Exchange Commission (SEC) of the U.S. government. Whereas, the press release included: “Grayscale received a comment letter from the SEC staff stating
Ripple received a favorable ruling in court on Tuesday as a judge rejected the Securities and Exchange Commission’s request to keep documents related to a contentious cryptocurrency speech confidential. The speech by former SEC official William Hinman on June 14, 2018, is a key document in the enduring legal battle
In a recent report of Berenberg Capital Markets, it is said that the U.S. Securities and Exchange Commission (U.S. SEC) is still against Coinbase, a cryptocurrency exchange platform. Thereby, the report added that the SEC would raise an enforcement action anytime sooner followed by the Wells Notice. The @SECGov will
Judge Analisa Torres denied the U.S. Securities and Exchange Commission’s motion to seal the Hinman documents in the case of Ripple v. SEC. According to the report, the U.S. District Court has identified the Hinman documents as judicial documents. Judge Torres stated that the SEC moves to seal the Hinman
