Ripple Labs CEO Brad Garlinghouse provided insights into the ongoing court case between Ripple and the U.S. Securities and Exchange Commission (SEC), expressing his belief that the case will reach its conclusion in the near future. In a recent statement, Garlinghouse discussed the progress made in the lawsuit and its
The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by
In a major legal development, the Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the world’s largest cryptocurrency exchanges. The SEC complaint specifically identifies ten tokens, including popular cryptocurrencies such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI, as unregistered crypto
Blockchain-based payment protocol Ripple has recently announced its intentions to seek a resolution for the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) by June. This legal battle between Ripple and the SEC has garnered significant attention within the cryptocurrency community, as its outcome could have far-reaching implications
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 a dramatic twist, the collapsed FTX cryptocurrency exchange finds itself at the heart of a brewing legal storm. According to a Bloomberg report, the prominent financiers and high-profile celebrity endorsers of the now-defunct platform are under the lens, facing potential consolidated class-action lawsuits. This wave of litigation comes after
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
FTX, the devastated crypto exchange firm’s ex-CEO, Sam-Bankman Fried (SBF), is approaching the US court to cancel out a few charges against him. The intelligent fraudster was arrested in the Bahamas on November 20, 2022. The U.S. Justice Department has filed cases against SBF on eight different counts, which include
Ripple CEO Brad Garlinghouse stated that Ripple will have spent $200 million to defend itself from the U.S. Securities and Exchange Commission lawsuit. The SEC filed a lawsuit against Ripple and accused CEO Brad Garlinghouse and Co-founder Chris Larsen of breaching SEC laws by selling XRP without registering it with
The crypto exchange Coinbase responded to the SEC’s Wells notice. Coinbase provided written and video submissions to the SEC and discussed those submissions with the SEC a few days ago. Today, to provide greater transparency in our long-standing engagement with the SEC, we are sharing our response to the Wells
