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👉👉👉 #Ripple💰 CLO: SEC Lost on All Key Points
In a notable development in the ongoing SEC lawsuit, Ripple has filed a cross-appeal challenging Judge Torres's final judgment, which was issued on August 7, 2024. The cross-appeal, submitted on October 10, 2024, to the United States Court of Appeals for the Second Circuit, names Ripple CEO Brad #Garlinghouse and Chairman Chris Larsen as defendants.
Earlier in October, the SEC had appealed the judgment, which imposed a $125 million civil penalty on Ripple's XRP sales—a much lower figure than the $2 billion the SEC had initially sought. Ripple's cross-appeal has sparked interest within the crypto community. In a tweet, Garlinghouse expressed optimism about the company's chances: "With our cross-appeal, we’re looking forward to ending the SEC’s regulation-by-enforcement approach. Ripple led the way in court before, and we plan to do so again this time."
SEC’s Losses Highlighted by Ripple’s Legal Team
- Ripple's Chief Legal Officer Stuart Alderoty emphasized that the SEC’s appeal stems from its failure on key points in the initial ruling. "The SEC lost on all critical issues, which is why they chose to appeal," Alderoty wrote on X. He explained that Ripple’s cross-appeal ensures that no aspect of the case is overlooked, particularly regarding the claim that an "investment contract" requires certain rights and obligations.
- Alderoty pointed out that the SEC had previously agreed not to challenge the ruling that XRP itself is not a security. He noted that the SEC even apologized in a separate case for suggesting that a token could be a security, reaffirming that this aspect of the law remains unchanged despite the ongoing appeals.
- Last year, the SEC unsuccessfully tried to appeal the ruling that $XRP sales on exchanges weren't securities. Ripple's legal chief, Alderoty, expects the SEC to try again and believes they’ll lose both times. He looks forward to the Federal Court ending SEC Chair Gensler's campaign against crypto.
Source - u.today
#SEC
In a notable development in the ongoing SEC lawsuit, Ripple has filed a cross-appeal challenging Judge Torres's final judgment, which was issued on August 7, 2024. The cross-appeal, submitted on October 10, 2024, to the United States Court of Appeals for the Second Circuit, names Ripple CEO Brad #Garlinghouse and Chairman Chris Larsen as defendants.
Earlier in October, the SEC had appealed the judgment, which imposed a $125 million civil penalty on Ripple's XRP sales—a much lower figure than the $2 billion the SEC had initially sought. Ripple's cross-appeal has sparked interest within the crypto community. In a tweet, Garlinghouse expressed optimism about the company's chances: "With our cross-appeal, we’re looking forward to ending the SEC’s regulation-by-enforcement approach. Ripple led the way in court before, and we plan to do so again this time."
SEC’s Losses Highlighted by Ripple’s Legal Team
- Ripple's Chief Legal Officer Stuart Alderoty emphasized that the SEC’s appeal stems from its failure on key points in the initial ruling. "The SEC lost on all critical issues, which is why they chose to appeal," Alderoty wrote on X. He explained that Ripple’s cross-appeal ensures that no aspect of the case is overlooked, particularly regarding the claim that an "investment contract" requires certain rights and obligations.
- Alderoty pointed out that the SEC had previously agreed not to challenge the ruling that XRP itself is not a security. He noted that the SEC even apologized in a separate case for suggesting that a token could be a security, reaffirming that this aspect of the law remains unchanged despite the ongoing appeals.
- Last year, the SEC unsuccessfully tried to appeal the ruling that $XRP sales on exchanges weren't securities. Ripple's legal chief, Alderoty, expects the SEC to try again and believes they’ll lose both times. He looks forward to the Federal Court ending SEC Chair Gensler's campaign against crypto.
Source - u.today
#SEC
Ripple CEO Challenges SEC Chair’s Authority On Cryptocurrency Regulation
In a recent development in the ongoing regulatory battle over the cryptocurrency industry, Ripple CEO Brad Garlinghouse has called upon US lawmakers to address recent statements made by SEC Chair Gary Gensler. Garlinghouse has accused Gensler of overstepping his authority by asserting that the existing securities laws are adequate for regulating the crypto market.
In a tweet, Garlinghouse criticized Gensler’s approach, stating that “when you behave like an autocrat running a $2.2B bloated agency, why would you ever want to provide clarity about what’s ‘in or out’?” He also argued that decisions about the regulatory framework for cryptocurrencies should be based on legislation rather than personal viewpoints.
@azcoinnews
Gensler’s comments came after a House Appropriations Committee hearing in which he suggested that current securities laws were broad enough to encompass most of the activities occurring within the crypto market. He added that while Congress could act to provide further clarification, he did not believe that additional authorities were necessary.
Garlinghouse’s response is the latest salvo in the ongoing battle between Ripple and the SEC. In December 2020, the SEC filed a lawsuit against Ripple, alleging that the company’s XRP token was a security that had been sold without proper registration. The lawsuit has been closely watched by the crypto industry as it could set a precedent for the treatment of other cryptocurrencies.
The case has also sparked a broader debate about the appropriate regulatory framework for the cryptocurrency industry. While some argue that existing securities laws are sufficient, others believe that a new regulatory framework is needed to address the unique characteristics of cryptocurrencies.
In his tweet, Garlinghouse urged US lawmakers to take notice of Gensler’s comments and provide clarity on the regulatory framework for cryptocurrencies. He argued that without clear jurisdiction, ambiguity would masquerade as power, and that decisions about the regulatory framework for cryptocurrencies should be based on legislation rather than personal viewpoints.
#Ripple #RippleSEC #XRP #Garlinghouse #azcoinnews
This article was republished from azcoinnews.com
In a tweet, Garlinghouse criticized Gensler’s approach, stating that “when you behave like an autocrat running a $2.2B bloated agency, why would you ever want to provide clarity about what’s ‘in or out’?” He also argued that decisions about the regulatory framework for cryptocurrencies should be based on legislation rather than personal viewpoints.
@azcoinnews
Gensler’s comments came after a House Appropriations Committee hearing in which he suggested that current securities laws were broad enough to encompass most of the activities occurring within the crypto market. He added that while Congress could act to provide further clarification, he did not believe that additional authorities were necessary.
Garlinghouse’s response is the latest salvo in the ongoing battle between Ripple and the SEC. In December 2020, the SEC filed a lawsuit against Ripple, alleging that the company’s XRP token was a security that had been sold without proper registration. The lawsuit has been closely watched by the crypto industry as it could set a precedent for the treatment of other cryptocurrencies.
The case has also sparked a broader debate about the appropriate regulatory framework for the cryptocurrency industry. While some argue that existing securities laws are sufficient, others believe that a new regulatory framework is needed to address the unique characteristics of cryptocurrencies.
In his tweet, Garlinghouse urged US lawmakers to take notice of Gensler’s comments and provide clarity on the regulatory framework for cryptocurrencies. He argued that without clear jurisdiction, ambiguity would masquerade as power, and that decisions about the regulatory framework for cryptocurrencies should be based on legislation rather than personal viewpoints.
#Ripple #RippleSEC #XRP #Garlinghouse #azcoinnews
This article was republished from azcoinnews.com
🚨 JUST IN: Ripple is nearing the launch of its USD-pegged #stablecoin , according to CEO of #Ripple💰 , Brad #Garlinghouse .
#DOGSONBINANCE #TON
#DOGSONBINANCE #TON
Brad Garlinghouse's remarks at Consensus 2024, predicting Solana ETF approvals, have stirred speculation about SOL's price surge potential. With the SEC's nod to Bitcoin and Ethereum ETFs, Garlinghouse sees clear regulations as vital for digital asset growth in the US, highlighting Solana's promise.
#Consensus2024 #SOLANAETF #Garlinghouse #ETHETFsApproved
#Consensus2024 #SOLANAETF #Garlinghouse #ETHETFsApproved
📰🪙 #Ripple CEO Expects Spot $XRP #ETFs in 2025:
Ripple CEO Brad #Garlinghouse predicts the launch of spot XRP ETFs by 2025.
This expectation reflects growing interest and regulatory progress in cryptocurrency investment products. 🔥🔥
Ripple CEO Brad #Garlinghouse predicts the launch of spot XRP ETFs by 2025.
This expectation reflects growing interest and regulatory progress in cryptocurrency investment products. 🔥🔥
Ripple CEO Shares Update on RLUSD Stablecoin at Major XRPL Event
Ripple CEO Brad #Garlinghouse provided updates on #Ripple💰 USD (RLUSD) stablecoin
In a highly anticipated discussion at the ongoing Korea Blockchain Week, Ripple CEO Brad Garlinghouse provided updates on the Ripple USD (RLUSD) #stablecoin , which will operate on the XRP Ledger and Ethereum blockchain.
The event, which gathered industry leaders, developers and enthusiasts, was the perfect stage for unveiling the latest advancements in Ripple's technology and vision.
Apex round 2? @bgarlinghouse and @joelkatz take the stage at #XRPLZone Korea to discuss everything from the early days of building the XRP Ledger to how new programmability can help XRPL builders customize their applications, and upcoming plans for the official RLUSD launch! pic.twitter.com/snjMdS3M7y— RippleX (@RippleXDev) September 4, 2024
According to updates broadcasted by RippleX, at the XRPL Zone Korea event, Ripple CEO and CTO Brad Garlinghouse and David Schwartz took the stage to discuss everything from the early days of building the XRP Ledger to how new programmability can help XRPL builders customize their applications and upcoming plans for the official RLUSD launch.
Ripple closer to launching RLUSD
Ripple is close to launching its U.S.-dollar pegged stablecoin, according to CEO Brad Garlinghouse, who indicated a launch timeline of "weeks."
Ripple announced its stablecoin ambitions in April, noting that the token would be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries, and other cash equivalents."
RLUSD will be completely backed by U.S. dollars, tested with enterprise partners and is now in private beta. The stablecoin will initially be deployed on the $XRP
Ledger and the Ethereum blockchain, and it will adhere to Ethereum's ERC-20 token standard.
Ripple and the broader #XRPcommunity are dedicated to introducing new programmability, including smart contracts, to the XRPL developer ecosystem in 2025, both through the XRPL EVM sidechain (which is already in development) and by exploring native capabilities on the XRPL Mainnet.
#DOGSONBINANCE
In a highly anticipated discussion at the ongoing Korea Blockchain Week, Ripple CEO Brad Garlinghouse provided updates on the Ripple USD (RLUSD) #stablecoin , which will operate on the XRP Ledger and Ethereum blockchain.
The event, which gathered industry leaders, developers and enthusiasts, was the perfect stage for unveiling the latest advancements in Ripple's technology and vision.
Apex round 2? @bgarlinghouse and @joelkatz take the stage at #XRPLZone Korea to discuss everything from the early days of building the XRP Ledger to how new programmability can help XRPL builders customize their applications, and upcoming plans for the official RLUSD launch! pic.twitter.com/snjMdS3M7y— RippleX (@RippleXDev) September 4, 2024
According to updates broadcasted by RippleX, at the XRPL Zone Korea event, Ripple CEO and CTO Brad Garlinghouse and David Schwartz took the stage to discuss everything from the early days of building the XRP Ledger to how new programmability can help XRPL builders customize their applications and upcoming plans for the official RLUSD launch.
Ripple closer to launching RLUSD
Ripple is close to launching its U.S.-dollar pegged stablecoin, according to CEO Brad Garlinghouse, who indicated a launch timeline of "weeks."
Ripple announced its stablecoin ambitions in April, noting that the token would be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries, and other cash equivalents."
RLUSD will be completely backed by U.S. dollars, tested with enterprise partners and is now in private beta. The stablecoin will initially be deployed on the $XRP
Ledger and the Ethereum blockchain, and it will adhere to Ethereum's ERC-20 token standard.
Ripple and the broader #XRPcommunity are dedicated to introducing new programmability, including smart contracts, to the XRPL developer ecosystem in 2025, both through the XRPL EVM sidechain (which is already in development) and by exploring native capabilities on the XRPL Mainnet.
#DOGSONBINANCE
#Ripple💰 CEO on #SECAppeal : ‘We’ll fight in court for as long as we need’
Ripple Labs CEO Brad #Garlinghouse Vows to Fight SEC's Appeal on XRP Ruling
Ripple Labs CEO Brad Garlinghouse has vowed to continue fighting the United States Securities and Exchange Commission (SEC) in court after the regulator announced its intention to appeal a district court decision regarding Ripple-linked token XRP.
In an October 2 post, Garlinghouse expressed his frustration with the SEC's decision, stating that XRP's status as a non-security is the law of the land. He also emphasized that Ripple will continue to fight in court for as long as necessary.
As a reminder, in July last year, Judge Analisa Torres ruled that XRP was not a security when sold on public crypto exchanges, effectively ending the SEC's 2020 lawsuit alleging unregistered securities sales through XRP. However, Torres also fined Ripple $125 million for institutional XRP sales, although the fine was later stayed.
The SEC's appeal of the decision has been met with disappointment by Ripple, according to Chief Legal Officer Stuart Alderoty, who stated that Ripple is evaluating whether to file a cross-appeal.
According to lawyer Fred Rispoli, the Second Circuit appeals court will likely rule on the case in January 2026 at the earliest.
The timeline for the appeal process includes:
1. Briefs from the SEC and Ripple (if filing a cross-appeal) due early next year
2. Responses to each brief due by March 2025
3. Oral arguments slated for September or October 2025
XRP's price has fallen 10.2% in the last 24 hours, currently trading at around $0.51.
Source - cointelegraph.com
#CryptoNewsCommunity #BinanceSquareTalks
Ripple Labs CEO Brad #Garlinghouse Vows to Fight SEC's Appeal on XRP Ruling
Ripple Labs CEO Brad Garlinghouse has vowed to continue fighting the United States Securities and Exchange Commission (SEC) in court after the regulator announced its intention to appeal a district court decision regarding Ripple-linked token XRP.
In an October 2 post, Garlinghouse expressed his frustration with the SEC's decision, stating that XRP's status as a non-security is the law of the land. He also emphasized that Ripple will continue to fight in court for as long as necessary.
As a reminder, in July last year, Judge Analisa Torres ruled that XRP was not a security when sold on public crypto exchanges, effectively ending the SEC's 2020 lawsuit alleging unregistered securities sales through XRP. However, Torres also fined Ripple $125 million for institutional XRP sales, although the fine was later stayed.
The SEC's appeal of the decision has been met with disappointment by Ripple, according to Chief Legal Officer Stuart Alderoty, who stated that Ripple is evaluating whether to file a cross-appeal.
According to lawyer Fred Rispoli, the Second Circuit appeals court will likely rule on the case in January 2026 at the earliest.
The timeline for the appeal process includes:
1. Briefs from the SEC and Ripple (if filing a cross-appeal) due early next year
2. Responses to each brief due by March 2025
3. Oral arguments slated for September or October 2025
XRP's price has fallen 10.2% in the last 24 hours, currently trading at around $0.51.
Source - cointelegraph.com
#CryptoNewsCommunity #BinanceSquareTalks
