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Here are the latest news and updates about XRP and SEC ¹ ² ³ ⁴ ⁵ ⁶: - *Ripple Fined $125M*: A federal judge imposed a $125 million fine on Ripple after finding that its institutional sales of XRP violated federal securities laws. - *XRP Price Surges*: XRP rose 3 cents, or around 2%, after the judgment was published, and it has recently broken above a multi-year resistance trend line, closing July with a significant 31.09% gain at $0.6232. - *SEC Avoiding Closed-Door Meetings*: The SEC’s avoidance of closed-door meetings could be due to recent court rulings favoring cryptocurrencies, which might be forcing the agency to reconsider its stance. - *Ripple vs. SEC Lawsuit*: The lawsuit between Ripple and SEC is ongoing, with Judge Analisa Torres currently deliberating on penalties and injunctions in the remedies phase of the lawsuit. - *XRP Community*: The XRP community is waiting for the final ruling, which holds significant implications for the entire crypto space, with some predicting a settlement or resolution soon.
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#Ripple💰 *Ripple Case with SEC: Recent Developments* - *Fined $125 million*: Ripple has been fined $125 million by a federal judge after being found guilty of violating federal securities laws ¹. - *Injunction issued*: An injunction has also been issued against Ripple, requiring the company to file a registration statement if it intends to sell any securities ¹. - *SEC to appeal*: The SEC is likely to appeal the July 2023 ruling now that the judge has imposed a sentence ¹. - *Case background*: The SEC had filed a lawsuit against Ripple in December 2020, alleging that the company had sold unregistered securities and raised $1.8 billion by selling the token ². - *Ripple's claim of victory*: Despite the fine and injunction, Ripple has claimed a major victory in the case, with one of its lawyers stating that "this is a big win for Ripple" ².
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💬 BlackRock CEO Larry Fink called Bitcoin "digital gold" live on CNBC He said that for 5 years he was mistaken, being skeptical about Bitcoin, but he studied the matter and is now an open supporter. 💸 According to Fink, Bitcoin is a full-fledged financial asset with protection against devaluation risks, especially in countries with high inflation. Bitcoin has a place in financial portfolios. Fink believes that many still miss and do not understand Bitcoin as an asset. 💵 BlackRock's Bitcoin-based ETF manages $18.3 billion worth of cryptocurrency.
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Here are some of the latest news and information about XRP coins ¹ ² ³: - XRP is the native cryptocurrency of the XRP Ledger, which is an open-source, public blockchain. - XRP Ledger is a permissionless network of peer-to-peer servers that powers XRP operations. - The original founders pre-mined 100 billion XRP tokens in 2012. - XRP transactions usually take around 3 seconds. - The current price of XRP is $0.5296 per coin. - XRP’s value has risen by 20.64% in the past week. - The current circulating supply of XRP is 55,805,339,473 XRP. - XRP is classified as a Currency under CoinDesk's Digital Asset Classification Standard (DACS). #BinanceTournament
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#CPI_BTC_Watch Here are some of the latest news stories about cryptocurrency ¹ ² ³: - German government sells off the rest of its Bitcoin - Donald Trump memecoin increases 52% in value after an assassination attempt - Alexey Pertsev, developer of Tornado Cash, denied bail while appealing money laundering charges - OpenAI is allegedly under investigation by the SEC for potential illegal NDAs - Partior, a blockchain firm backed by JP Morgan, closes a Series B funding round at $60 million
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