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
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
Ripple (XRP) is gaining a fresh push in the trading price after a two weeks decline. In the last 24 hours, the coin has witnessed a 1.38% surge. This may not seem huge, but the start is bringing positive momentum among XRP holders. As the week began, major cryptos like
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
According to CEO Brad Garlinghouse, Ripple will specifically expand to the city of Dubai. This news was also shared by Garlinghouse during today’s Dubai Fintech Summit as the major crypto solution provider has revealed plans for growth. Middle Eastern consumers and regulations were two of the main considerations cited by
Ripple has its own cryptocurrency token named XRP. A recent study proclaimed that Ripple topped among the other 15 established competitors for Central Bank Digital Currencies (CBDC). @Ripple was ranked number one and an established leader for #CBDC (from 15 vendors)👍 In a recent report from @juniperresearch highlighting the significant
In broadening the crypto market, the crypto investors turn their predictions optimistic over the second quarter of 2023. Meanwhile, the verdict of the Ripple case with the United States Securities and Exchange Commission (U.S. SEC) awaits the result. Deaton’s Analysis Of the Ripple Case John E Deaton, the founder of
In the action brought forward by the U.S. Securities and Exchange Commission (SEC), Ripple Labs and XRP holders are anxiously awaiting a Summary Judgment. Ripple, however, has released additional XRP into circulation as the day of reckoning draws near. Data shows that in two distinct transactions, Ripple released one billion
ChinaBank, a Philippine banking institution, has partnered with Qatar National Bank (QNB) to enable a direct transfer of funds through the RippleNet payment technology from Qatar to the Philippines. ChinaBank has said that the partnership’s overarching goal is to better serve Filipinos. Especially who have been sent to work abroad
A Summary Judgement from the district court is still pending in the significant battle between the U.S. Securities and Exchange Commission and Ripple Labs. John E. Deaton, an attorney for the XRP community, stated today that he will be participating in a Zoom hearing. The court overseeing the case will not
