In a significant setback for the U.S. Securities and Exchange Commission (SEC) in its quest to regulate the cryptocurrency market, a federal judge has rejected the SEC’s request to appeal her recent ruling involving Ripple Labs, the company behind the XRP token. District Judge Analisa Torres ruled that the SEC
Former Obama administration employee Lauren Belive has been recruited by Ripple to lead the company’s public policy and government operations in the United States. Belive will take charge of the company’s efforts in Washington and elsewhere to promote crypto-friendly regulations for both consumers and companies. Before joining SoftBank Group International
The New York Department of Financial Services (DFS) has made significant waves in the cryptocurrency world with its latest move to revamp its “greenlist” of approved cryptocurrencies. According to crypto lawyer Bill Morgan, DFS removed assets like Ripple (XRP) and Dogecoin (DOGE), while Bitcoin (BTC), Ethereum (ETH), and the PayPal
Ripple’s relentless resistance against the United States SEC continues to attract attention from the crypto community at large. The firm plans to keep moving forwards with key innovations and collaborations. Ripple is still planning to expand internationally despite the ongoing SEC pursuit and bearish market sentiments. According to David Schwartz,
It’s been less than two months since the landmark SEC vs. Ripple judgment. After significantly rising post the judgment, XRP’s price has fallen back to its pre-breakout level as the token is now facing a 53% retracement after its spectacular breakthrough in July. Undoubtedly, the euphoria among XRP traders and
The Securities and Exchange Commission (SEC) has filed yet another interlocutory appeal in its relentless pursuit of a legal case against Ripple Labs. This latest move by the SEC has not gone unnoticed, Ripple’s Chief Legal Officer, Stuart Alderoty, was quick to label it as “hypocritical.” Another SEC filing, another
Prominent crypto statistics provider Kaiko recently highlighted the XRP’s current trading volume of $779 million. The figure is up from $462 million trading volume in August. This last month figure is notable since it is four times more than the volume of transactions for the second cryptocurrency on the list.
Early indicators for XRP for the month of September suggest promising things to come. According to Santiment, an on-chain analytics company, XRP’s on-chain volume was at a seven-month high to start the month of September, its circulation was at a three-month high, and development activity was very strong. The analytics
Ripple Labs Inc. and its senior executives have strongly fought the SEC’s attempts to validate an interlocutory appeal. This case may play a significant role in determining the legal framework for cryptocurrencies in the United States, particularly whether or not XRP, Ripple’s native token, is an investment contract. The United
In a strategic move aimed at maintaining the liquidity of the XRP cryptocurrency, Ripple Labs has released a total of one billion XRP coins from its escrow accounts. The release was executed in four transactions, with the overall transferred XRP valued at $510 million. According to popular blockchain tracker Whale
