Secondo il CEO di Isbank Hakan Aran, le banche turche potreb | The Crypto Basic su Binance Square

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The Crypto Basic

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Secondo il CEO di Isbank Hakan Aran, le banche turche potrebbero fungere da custodi delle criptovalute.#crypto2024catch  #CryptoTechRevolution  #crypto_psychic  #CryptonewswithJack  #CryptoNews🔒📰🚫  

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The United States Securities and Exchange Commission (SEC) has filed its much-awaited arguments in its appeal against #Ripple💰 ’s legal victory. In its opening brief submitted to the Court of Appeals for the Second Circuit on January 15, the SEC argued that a New York District Court was wrong to declare that Ripple’s programmatic sales on digital exchanges were not securities. The regulator also disputed the lower court’s decision regarding Ripple’s XRP-related non-cash transactions, which were also deemed non-securities. SEC Faults District Court’s XRP Programmatic Sales Ruling Recall that U.S. District Judge Analisa Torres held in July 2023 that Ripple did not violate federal securities laws through its programmatic sales of XRP. This held as retail investors did not expect profit based on the company’s efforts. The judge cited affidavits from 3,000 XRP holders, who claimed they knew nothing about Ripple when they purchased the coin. In its opening brief, the SEC emphasized that Judge Torres erred in this reasoning. It contended that Ripple led retail investors to expect profit from their XRP investments through its public marketing campaign. According to the SEC, this campaign glorified the company’s efforts to increase XRP’s price. Additionally, the SEC faulted the district court’s position that required investors to know they were purchasing XRP from Ripple to expect profit based on the company’s efforts. The regulator argued that this requirement is unnecessary, asserting an issuer can lead investors to expect profit via indirect sales. Furthermore, the SEC opines that this requirement undermines the Federal Securities Act established to protect investors. “The undisputed facts demonstrate that retail investors expected profits based on Ripple’s efforts regardless of whether they knew that they were purchasing from Ripple or its affiliates,” the SEC remarked. Consequently, the SEC rebuked the district court’s distinction of what retail and institutional investors were led to expect.

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"Litecoin ETF “Most Likely” To Be Approved Next, Says Senior Bloomberg Analyst"

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"XRP Skyrockets Past $3—Is It Poised to Claim the #2 Spot in Crypto?"

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"SEC Appeal Is Just ‘Noise,’ Next U.S. Administration Will End It, Declares Ripple CLO"

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#Ripple chairman Chris Larsen transfers 20 million XRP to an unknown wallet address amid the latest XRP price milestone. Whale tracking resource Whale Alert first indexed the transaction, which occurred earlier today at 1:04 UTC. On-chain data confirms that the Larsen address moved exactly 20 million XRP to the unknown wallet ‘rPS…u98’ in a single outflow. Details of the XRP Movement Due to XRP’s latest price milestone, the tokens were worth $60.54 million, indicating that XRP traded at $3.027 when Larsen made the transfer. Recall that XRP recently reclaimed $3 and has now held above it despite an earlier pullback. Notably, the latest transaction elicited multiple reactions within the XRP community. Several individuals now speculate the possible reason behind the high-value transfer. Some hopefully suggested it might relate to a possible settlement in the Ripple vs. SEC case. However, the SEC recently filed its appeal brief, looking to extend the case. Shortly after receiving the assets, the recipient address rPS…u98 transferred 10 million XRP to another unknown wallet ‘rnQ…woi’ at 2:46 UTC. So far, rPS…u98 has held onto the remaining 10 million tokens. However, it bears mentioning that this address has been receiving millions of XRP from exchanges Coinbase and Bitstamp and sending most of them to rnQ..woi. Nearly twenty minutes after the 10 million XRP inflow, rnQ…woi transferred 4 million tokens, which have since moved to Coinbase for possible liquidation. The wallet still holds 6 million XRP at press time. Combined with the 10 million XRP tokens held by rPS…u98, the initial recipient address, this indicates that 16 million XRP from the 20 million tokens recently moved by Larsen remains intact, with 4 million liquidated through Coinbase. #Crypto

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