Ripple-SEC
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#CryptoLaw founder and #XRP holders' attorney John Deaton believes the ruling judge in the #Ripple-SEC case will likely address the issue of secondary market sales. This comes amid ongoing discussion that Judge #Torres might not address the issue of secondary sales since it was not explicitly implied in the #lawsuit.
Ripple v. SEC: Crucial Moment Remains Ahead in Legal Decision
#Write2Earn Next key date in #Ripple-SEC lawsuit is February 12Disclaimer: The opinions expressed by our writers are their own and do not represent the views of @WISE CRYPTO NEWS . The financial and market information provided on @WISE CRYPTO NEWS is intended for informational purposes only. @WISE CRYPTO NEWS is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is nearing a critical moment as both parties await a pivotal ruling from the court.According to Bill Morgan, an $XRP enthusiast and legal expert, "Judge Torres might need to rule on the SEC ‘s motion to compel quickly given the February 12 deadline for completion of remedies-related discovery."The next key date in the Ripple-SEC lawsuit is Feb. 12, which is when the parties are expected to complete all remedies-related discovery. Along these lines, a pivotal ruling on the SEC's motion to compel Ripple to produce certain financial information might shape events.On Jan. 11, the SEC requested an order compelling Ripple to produce two narrow categories of documents: (a) its financial statements for the years 2022-2023, and (b) its post-complaint contracts governing "institutional sales" — held to be unregistered offers and sales of securities pre-complaint.Relatedly, the SEC seeks to compel Ripple to answer a single interrogatory, setting forth the amount of XRP institutional sales profits that it received after the filing of the complaint for contracts entered into pre-complaint.The SEC stated it was seeking this information in determining whether the court should impose relief such as injunctions and civil penalties and, as to the latter, in what amount.This issue has gone back and forth among the parties: Ripple filed its reply in response to the SEC. The SEC has submitted another reply in further support of its motion to compel. Ripple also filed a motion to file a sur-reply, which has been granted.Ripple’s opposition to this motion makes clear its position that Judge Torres’ Institutional Sales ruling does not apply to Ripple’s current ODL sales.SEC, on the other hand, claims the discrete post-complaint contracts it seeks are probative evidence as to this argument.The agency further claims it is not asking the ruling Judge Torres to conduct a mini-trial as to the legality of Ripple’s post-complaint institutional sales since it agrees that any such determination cannot be made at the remedies stage.The SEC argues it intends to prove the question at the remedies stage on whether there is a "reasonable likelihood" of new violations.Ripple, on the other hand, argues that its planned future XRP sales do not conflict with Judge Torres’ summary judgment. The #XRPcommunity keeps their fingers crossed for a favorable outcome on the issue.#PYTH #JUP
A pivotal point has been reached in the #Ripple-SEC legal dispute.
Uncertainty has been bred by swirling rumours and contradictory assertions.
The #SEC's actions have been contested by #Ripple's chief legal officer.
The resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) is eagerly anticipated by #cryptocurrency aficionados. Rumours and negative predictions are rampant as the conclusion draws near, which makes it difficult to determine the SEC's leadership position.
Uncertainty has been bred by swirling rumours and contradictory assertions.
The #SEC's actions have been contested by #Ripple's chief legal officer.
The resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) is eagerly anticipated by #cryptocurrency aficionados. Rumours and negative predictions are rampant as the conclusion draws near, which makes it difficult to determine the SEC's leadership position.
#XRP Price Prediction as Bulls Hold $0.46 Level – What is the Next XRP Target?
The XRP price has dipped to $0.468321this morning, representing a 3% drop in the past week and a 5% loss in the last 30 days.
However, the altcoin has held to the $0.46 support level, while it also remains up by 37% since the beginning of the year, largely on the basis of positive expectations surrounding the #Ripple-SEC case.
This case is expected to end in the coming weeks, and if it provides #Ripple with a happy ending, there's no doubt that XRP would rally massively.
The XRP price has dipped to $0.468321this morning, representing a 3% drop in the past week and a 5% loss in the last 30 days.
However, the altcoin has held to the $0.46 support level, while it also remains up by 37% since the beginning of the year, largely on the basis of positive expectations surrounding the #Ripple-SEC case.
This case is expected to end in the coming weeks, and if it provides #Ripple with a happy ending, there's no doubt that XRP would rally massively.
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"Ripple Pleads for Extension of Remedies Discovery Amid SEC's Legal Triumph"
Ripple has moved to extend the February 12 remedies discovery date by a week following the recent victory granted to the U.S. SEC.
Read more on: https://thecryptobasic.com/2024/02/07/ripple-seeks-deadline-extension-for-remedies-discovery-amid-secs-victory/
#Ripple-SEC #Crypto #CryptonewswithJack #CryptoNewsUpdate #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/02/07/ripple-seeks-deadline-extension-for-remedies-discovery-amid-secs-victory/
#Ripple-SEC #Crypto #CryptonewswithJack #CryptoNewsUpdate #CryptoNews🔒📰🚫
Ripple CEO Made the Final Point: SEC Will Lose! A 10-fold Increase in Cryptocurrencies is Possible in 10 Years!
Important statements continue to come one after another in the #Ripple-SEC case, one of the biggest unknowns of cryptocurrencies. After the victorious decisions about the company and its officials in July last year, there was movement in the XRP price, and this attracted great attention from XRP supporters around the world. Recently, company official Brad Garlinghouse also made an important statement about the future of the case.
Brad Garlinghouse, #CEO of Ripple Labs, one of the important names in the cryptocurrency world and who is currently fighting an individual fight with the SEC, states that the US Securities and Exchange Commission (SEC) will lose at the end of the day in its long-term fight against cryptocurrencies.
CEO Garlinghouse joined the World Class podcast. In a new interview on the podcast he participated in, he stated that the SEC's anti-crypto stance and sanctions do not mean much.
They will lose in the long run. If you look at crypto's continued growth over a ten-year period, it's nothing. This is a speed bump because I am very optimistic about the future of crypto. Twenty years from now we'll look back and say, 'God, that was terrible.' But you know what, it's a little bump.
To me, the market will be measured in many, many, many, many trillions, changing the way a lot of transactions work because it's a way to reduce friction, reduce cost, [and] make things more efficient. It will win in the long run, the best technology usually wins in the long run.
On the other hand, Garlinghouse also made a statement about the development of the crypto industry. Stating that the progress in cryptocurrencies is certain, Garlinghouse also added that even the US dollar, one of the best managed fiat currencies in the world, has lost its purchasing power over time
This is inevitable. We're currently talking about a $2.5 trillion. Look, do I think this will grow 10-fold in the next five to 10 years? Yes, no problem… It feels safe.
$BTC $XRP
Important statements continue to come one after another in the #Ripple-SEC case, one of the biggest unknowns of cryptocurrencies. After the victorious decisions about the company and its officials in July last year, there was movement in the XRP price, and this attracted great attention from XRP supporters around the world. Recently, company official Brad Garlinghouse also made an important statement about the future of the case.
Brad Garlinghouse, #CEO of Ripple Labs, one of the important names in the cryptocurrency world and who is currently fighting an individual fight with the SEC, states that the US Securities and Exchange Commission (SEC) will lose at the end of the day in its long-term fight against cryptocurrencies.
CEO Garlinghouse joined the World Class podcast. In a new interview on the podcast he participated in, he stated that the SEC's anti-crypto stance and sanctions do not mean much.
They will lose in the long run. If you look at crypto's continued growth over a ten-year period, it's nothing. This is a speed bump because I am very optimistic about the future of crypto. Twenty years from now we'll look back and say, 'God, that was terrible.' But you know what, it's a little bump.
To me, the market will be measured in many, many, many, many trillions, changing the way a lot of transactions work because it's a way to reduce friction, reduce cost, [and] make things more efficient. It will win in the long run, the best technology usually wins in the long run.
On the other hand, Garlinghouse also made a statement about the development of the crypto industry. Stating that the progress in cryptocurrencies is certain, Garlinghouse also added that even the US dollar, one of the best managed fiat currencies in the world, has lost its purchasing power over time
This is inevitable. We're currently talking about a $2.5 trillion. Look, do I think this will grow 10-fold in the next five to 10 years? Yes, no problem… It feels safe.
$BTC $XRP
