RippleVsSEC
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SEC Cancels Anticipated Meeting as Ripple Lawsuit Speculations Continue
In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has canceled its closed-door meeting initially scheduled for today, July 18. The XRP community anticipated this meeting because it was stated it could address the Ripple Lawsuit, and the SEC revised the cancellation notice on the website on Wednesday, July 17.
The called-off meeting became the subject of discussion among the XRP community as they had pinned their hopes on this meeting to bring a solution to the SEC vs Ripple case. Initially, all the top commissioners and officials of the SEC were supposed to attend the meeting, which was slated to discuss four main items: the disposition of administrative proceedings, handling of litigation claims, and others.
Ripple's Ongoing Speculations and Legal Debates
The inclusion of settlement discussions on the agenda had fanned speculation that the SEC would eventually strike an agreement with Ripple. Yassin Mokhtar, the pro-XRP founder of Dizer Capital, thoroughly discussed the probability of a settlement in the past. In response, a former SEC lawyer, Marc Fagel, noted that speculations regarding SEC's behind-closed-doors meetings were constantly recurring. However, Fagel stressed that the SEC has conducted about 150 behind-the-scenes meetings virtually, held weekly since the Ripple case escalated. On each of these occasions, crypto community members anticipated talks around the settlement, which turned out to be baseless, time and time again.
The argument concerning the correct penalty for Ripple's violation of securities laws proceeds, aside from the rumors of Ripple's settlement. The SEC is seeking a stiff penalty of $2 billion; on the other end, Ripple has said that $10 million would be more appropriate. All these arguments are pending the consideration of District Court Judge Analisa Torres. Legal analysts have noted that the final verdict could be out by the end of the current financial year by July 31.
Canceling the SEC's closed-door meeting has left the XRP community in suspense. The protracted legal struggle between Ripple and the SEC has sparked extensive speculation and debate. As the case unfolds, the cryptocurrency sector closely monitors any developments that could indicate a resolution. The anticipation remains high, with various outcomes having far-reaching consequences for Ripple and the broader cryptocurrency market.
The post "SEC Cancels Anticipated Meeting as Ripple Lawsuit Speculations Continue" first appeared on 36crypto.com News.
#ETH_ETF_Approval_23July #Ripple💰 #RippleVsSEC #Mt_Gox_BTC_Dip
The called-off meeting became the subject of discussion among the XRP community as they had pinned their hopes on this meeting to bring a solution to the SEC vs Ripple case. Initially, all the top commissioners and officials of the SEC were supposed to attend the meeting, which was slated to discuss four main items: the disposition of administrative proceedings, handling of litigation claims, and others.
Ripple's Ongoing Speculations and Legal Debates
The inclusion of settlement discussions on the agenda had fanned speculation that the SEC would eventually strike an agreement with Ripple. Yassin Mokhtar, the pro-XRP founder of Dizer Capital, thoroughly discussed the probability of a settlement in the past. In response, a former SEC lawyer, Marc Fagel, noted that speculations regarding SEC's behind-closed-doors meetings were constantly recurring. However, Fagel stressed that the SEC has conducted about 150 behind-the-scenes meetings virtually, held weekly since the Ripple case escalated. On each of these occasions, crypto community members anticipated talks around the settlement, which turned out to be baseless, time and time again.
The argument concerning the correct penalty for Ripple's violation of securities laws proceeds, aside from the rumors of Ripple's settlement. The SEC is seeking a stiff penalty of $2 billion; on the other end, Ripple has said that $10 million would be more appropriate. All these arguments are pending the consideration of District Court Judge Analisa Torres. Legal analysts have noted that the final verdict could be out by the end of the current financial year by July 31.
Canceling the SEC's closed-door meeting has left the XRP community in suspense. The protracted legal struggle between Ripple and the SEC has sparked extensive speculation and debate. As the case unfolds, the cryptocurrency sector closely monitors any developments that could indicate a resolution. The anticipation remains high, with various outcomes having far-reaching consequences for Ripple and the broader cryptocurrency market.
The post "SEC Cancels Anticipated Meeting as Ripple Lawsuit Speculations Continue" first appeared on 36crypto.com News.
#ETH_ETF_Approval_23July #Ripple💰 #RippleVsSEC #Mt_Gox_BTC_Dip
⚠️⚠️ IMPORTANT ⚠️⚠️
🔥🔥Ripple vs. SEC: One Year Since Key Victory👀👀
It's been a year since Ripple's significant court win against the SEC, which spurred a massive rally in XRP's price. The legal battle continues, with Ripple having the upper hand after several partial victories. The SEC initially sought a $2 billion fine, but recent developments have led to a reduced proposed penalty of $102.6 million. Ripple’s token XRP has recently surged by 23%, with speculation that a resolution could be near.
I would advise a cautious approach when investing in $XRP Always do your own research and consider the risks involved before making any investment decisions.
#RippleVsSEC #Ripple💰 #Xrp🔥🔥
🔥🔥Ripple vs. SEC: One Year Since Key Victory👀👀
It's been a year since Ripple's significant court win against the SEC, which spurred a massive rally in XRP's price. The legal battle continues, with Ripple having the upper hand after several partial victories. The SEC initially sought a $2 billion fine, but recent developments have led to a reduced proposed penalty of $102.6 million. Ripple’s token XRP has recently surged by 23%, with speculation that a resolution could be near.
I would advise a cautious approach when investing in $XRP Always do your own research and consider the risks involved before making any investment decisions.
#RippleVsSEC #Ripple💰 #Xrp🔥🔥
$XRP What's Sending The Prices Up
Many rumours are going around that the final verdict of the lawsuit between Ripple vs SEC is out and Ripple has won.
But the reality isn't even that much far away.
Ripple’s Stuart Alderoty recalls XRP ruling on first anniversary: ‘It was a watershed moment’
🗓️ Today marks one year since Judge Analisa Torres’ pivotal ruling that XRP is not a security. The decision reshaped the landscape for Ripple and the broader cryptocurrency sector.
Reflecting on this landmark anniversary, Ripple’s chief legal officer Stuart Alderoty shared his insights on the ruling’s impact and broader implications for the industry: “It was a watershed moment to find as a matter of law, a token – in this case, XRP – in and of itself, is not a security,” Alderoty wrote on X.
⚖️ Ripple has been embroiled in a legal battle with the SEC for nearly four years. On Dec. 20, 2022, the regulator accused the crypto company of conducting an unregistered securities offering through the sale of XRP.
And despite Ripple’s partial victory in 2023 declaring XRP is not a security, the legal battle is far from over. The court is currently in what is known as a “remedies phase” in the case. It is here that it will determine potential penalties or injunctions against the crypto payments company.
Nonetheless, the anniversary of the ruling could act as a catalyst for several developments. Renewed investor interest, increased pressure for a settlement, and new clues from the court could drive the case toward a resolution.
📈The price has shot up in the past few days with a huge pump today, now speculations are there that this pump couldn't sustain for long. So, please be cautious before taking any trade because *This is not investment advice.
#RippleVsSEC #XRPPredictions #US_Job_Market_Slowdown
$XRP
Many rumours are going around that the final verdict of the lawsuit between Ripple vs SEC is out and Ripple has won.
But the reality isn't even that much far away.
Ripple’s Stuart Alderoty recalls XRP ruling on first anniversary: ‘It was a watershed moment’
🗓️ Today marks one year since Judge Analisa Torres’ pivotal ruling that XRP is not a security. The decision reshaped the landscape for Ripple and the broader cryptocurrency sector.
Reflecting on this landmark anniversary, Ripple’s chief legal officer Stuart Alderoty shared his insights on the ruling’s impact and broader implications for the industry: “It was a watershed moment to find as a matter of law, a token – in this case, XRP – in and of itself, is not a security,” Alderoty wrote on X.
⚖️ Ripple has been embroiled in a legal battle with the SEC for nearly four years. On Dec. 20, 2022, the regulator accused the crypto company of conducting an unregistered securities offering through the sale of XRP.
And despite Ripple’s partial victory in 2023 declaring XRP is not a security, the legal battle is far from over. The court is currently in what is known as a “remedies phase” in the case. It is here that it will determine potential penalties or injunctions against the crypto payments company.
Nonetheless, the anniversary of the ruling could act as a catalyst for several developments. Renewed investor interest, increased pressure for a settlement, and new clues from the court could drive the case toward a resolution.
📈The price has shot up in the past few days with a huge pump today, now speculations are there that this pump couldn't sustain for long. So, please be cautious before taking any trade because *This is not investment advice.
#RippleVsSEC #XRPPredictions #US_Job_Market_Slowdown
$XRP
$XRP is surging!
Today marks one year since Judge Torres ruled that XRP is not a security. Ripple’s chief legal officer Stuart Alderoty calls it a “watershed moment” for the industry. This pivotal ruling reshaped the crypto landscape and continues to drive interest.
#RippleVsSEC #XRPPredictions #CryptoNews
Today marks one year since Judge Torres ruled that XRP is not a security. Ripple’s chief legal officer Stuart Alderoty calls it a “watershed moment” for the industry. This pivotal ruling reshaped the crypto landscape and continues to drive interest.
#RippleVsSEC #XRPPredictions #CryptoNews
JUST IN:
Ripple and SEC Agree on New Schedule for XRP Lawsuit.
$XRP
#HotTrends #RippleVsSEC #RippleUpdate
Ripple and SEC Agree on New Schedule for XRP Lawsuit.
$XRP
#HotTrends #RippleVsSEC #RippleUpdate
Ripple Withdraws One Billion XRP From Its Stash as Community Awaits Ripple Case Settlement.
Ripple fintech company has released immense amount of XRP from its stash, injecting hundreds of millions of XRP onto crypto market.
San Francisco-based fintech behemoth Ripple Labs has conducted a programmed released of one billion XRP from escrow addresses, according to recent tweets published by popular crypto tracker Whale Alert.
The above-mentioned crypto tracking platform spotted three staggering transfers, carrying 500,000,000 XRP, 300,000,000 XRP and 200,000,000 XRP – a billion Ripple-affiliated tokens in total worth $601.4 million in fiat. These withdrawals have been taking place since early 2018 as Ripple set itself the task of supporting the liquidity of XRP on exchanges and on the cryptocurrency market in general. They take place on the first day of a new month.
As a rule, on the day that follows the withdrawals, about 800 million XRP are moved back to escrow by Ripple Labs until the next release that happens every 30 days. These regular XRP releases do not seem to impact the XRP price. The circulating supply of XRP currently constitutes 53,888,571,585 XRP, according to CoinMarketCap. At the time of this writing, the Ripple-affiliated token is changing hands at $0.61381 on the Bitstamp exchange, showing a 2.79% rise since Tuesday and rising 2.26% within the last 24 hours.
The aforementioned source also detected a withdrawal of 27,000,000 XRP from the Binance exchange. This is the equivalent of $16,413,770 USD.
#XRPInvestment #XRPWatch #RippleUpdate #RippleVsSEC #RippleTrends
$XRP
Ripple fintech company has released immense amount of XRP from its stash, injecting hundreds of millions of XRP onto crypto market.
San Francisco-based fintech behemoth Ripple Labs has conducted a programmed released of one billion XRP from escrow addresses, according to recent tweets published by popular crypto tracker Whale Alert.
The above-mentioned crypto tracking platform spotted three staggering transfers, carrying 500,000,000 XRP, 300,000,000 XRP and 200,000,000 XRP – a billion Ripple-affiliated tokens in total worth $601.4 million in fiat. These withdrawals have been taking place since early 2018 as Ripple set itself the task of supporting the liquidity of XRP on exchanges and on the cryptocurrency market in general. They take place on the first day of a new month.
As a rule, on the day that follows the withdrawals, about 800 million XRP are moved back to escrow by Ripple Labs until the next release that happens every 30 days. These regular XRP releases do not seem to impact the XRP price. The circulating supply of XRP currently constitutes 53,888,571,585 XRP, according to CoinMarketCap. At the time of this writing, the Ripple-affiliated token is changing hands at $0.61381 on the Bitstamp exchange, showing a 2.79% rise since Tuesday and rising 2.26% within the last 24 hours.
The aforementioned source also detected a withdrawal of 27,000,000 XRP from the Binance exchange. This is the equivalent of $16,413,770 USD.
#XRPInvestment #XRPWatch #RippleUpdate #RippleVsSEC #RippleTrends
$XRP
"SEC Attempts to Prolong Ripple Lawsuit, Amplifying Legal Standoff"
The U.S. Securities and Exchange Commission (SEC) has submitted a motion seeking to extend the deadline for the remedies-related briefing.
Read more on: https://thecryptobasic.com/2024/02/28/latest-update-in-ripple-vs-sec-sec-wants-to-delay-lawsuits-resolution/
#RippleVsSEC #RippleUpdate #Crypto #CryptoNewsFlash #CryptonewswithJack
Read more on: https://thecryptobasic.com/2024/02/28/latest-update-in-ripple-vs-sec-sec-wants-to-delay-lawsuits-resolution/
#RippleVsSEC #RippleUpdate #Crypto #CryptoNewsFlash #CryptonewswithJack
"Latest Update: SEC and Ripple File New Motions - Stay Informed"
The SEC and Ripple have filed new motions relating to the remedies phase of their ongoing legal battle.
Read more on: https://thecryptobasic.com/2024/01/12/heres-the-latest-update-on-ripple-vs-sec-as-both-parties-file-new-motions/
#RippleSECSettlement #RippleVsSEC #SecGov #cryptocurrecny #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/12/heres-the-latest-update-on-ripple-vs-sec-as-both-parties-file-new-motions/
#RippleSECSettlement #RippleVsSEC #SecGov #cryptocurrecny #CryptoNews🔒📰🚫
U.S. District Court Judge Grants SEC Request for Extension in Ripple Labs Case
Analisa Torres, a United States District Court Judge, has granted a request from the U.S. Securities and Exchange Commission (SEC) for an extension of the deadline to submit materials that could impact its case against #Ripple Labs.
According to court documents filed on March 1, the #SEC has been given additional time to submit its remedies-related discovery materials concerning Ripple. This extension permits the SEC to file its opening brief by March 22. Furthermore, the deadline for Ripple to submit its opposition brief has been pushed to April 22. The SEC will then have until May 6, 2024, to file a reply.
Remedies-related briefing encompasses a document outlining potential legal remedies and actions relevant to the ongoing litigation.
#RippleVsSEC #XRP $XRP
Analisa Torres, a United States District Court Judge, has granted a request from the U.S. Securities and Exchange Commission (SEC) for an extension of the deadline to submit materials that could impact its case against #Ripple Labs.
According to court documents filed on March 1, the #SEC has been given additional time to submit its remedies-related discovery materials concerning Ripple. This extension permits the SEC to file its opening brief by March 22. Furthermore, the deadline for Ripple to submit its opposition brief has been pushed to April 22. The SEC will then have until May 6, 2024, to file a reply.
Remedies-related briefing encompasses a document outlining potential legal remedies and actions relevant to the ongoing litigation.
#RippleVsSEC #XRP $XRP
Ripple (XRP) Developments, Cardano (ADA) Price Prediction, Solana (SOL) Volatility
XRP was not named a security in the SEC’s lawsuit against Kraken, ADA was projected to surpass $10, whereas SOL has plunged 6% in the past week.
▪︎Ripple vs. SEC: Ripple (XRP) is embroiled in a legal battle with the SEC, with a key trial scheduled for spring 2024.Ripple has secured three partial victories to date.
▪︎Cardano’s Outlook: Cardano’s ADA experienced a price surge with predictions of reaching $11 and a $400 billion market cap by 2025.
▪︎Solana’s Volatility: Solana’s SOL saw significant price fluctuations, peaking at nearly $0.70 and then dropping to around $55, partly due to the SEC’s actions against Kraken.
#RippleVsSEC #Solana📈🚀🌐 #cardano
$XRP $SOL $ADA
XRP was not named a security in the SEC’s lawsuit against Kraken, ADA was projected to surpass $10, whereas SOL has plunged 6% in the past week.
▪︎Ripple vs. SEC: Ripple (XRP) is embroiled in a legal battle with the SEC, with a key trial scheduled for spring 2024.Ripple has secured three partial victories to date.
▪︎Cardano’s Outlook: Cardano’s ADA experienced a price surge with predictions of reaching $11 and a $400 billion market cap by 2025.
▪︎Solana’s Volatility: Solana’s SOL saw significant price fluctuations, peaking at nearly $0.70 and then dropping to around $55, partly due to the SEC’s actions against Kraken.
#RippleVsSEC #Solana📈🚀🌐 #cardano
$XRP $SOL $ADA
XRP Legal Battle: Ripple's SEC Penalty Could Be Lower Than Anticipated, Says Lawyer
In a significant development in the ongoing legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC), lawyer John Deaton, representing a substantial 75,000 XRP holders, suggests that Ripple's potential penalty to the SEC might be considerably lower than the initially proposed $770 million. Deaton points to a crucial Supreme Court ruling that has implications for the SEC's jurisdiction, potentially reshaping the outcome of this high-stakes legal confrontation.
Key Arguments: Ripple's Potential Legal Advantage
Deaton underscores the significance of a Supreme Court ruling that has effectively limited the SEC's jurisdiction over sales within the United States. This legal precedent could play a pivotal role in reducing the financial penalty Ripple might face, signaling a potential advantage for the blockchain company in its legal battle.
Jurisdictional Constraints and Ripple's Global Sales
The Supreme Court ruling gains added importance as it places constraints on the SEC's jurisdiction specifically over sales within the United States. This has profound implications for Ripple, especially considering its global operations and XRP sales in regions like the UK, Japan, Switzerland, and beyond, which now face increased scrutiny.
Previous SEC Demand: $770 Million Penalty
Earlier reports indicated that the SEC sought a substantial $770 million penalty from Ripple for alleged violations of securities laws. However, Deaton's observations suggest that the legal landscape may be shifting, and Ripple might not be bound to the initially proposed hefty penalty.
Ripple's Global Reach and Ongoing Scrutiny
Ripple's operations extend far beyond U.S. borders, and the ongoing legal scrutiny raises questions about how international sales and regulatory frameworks will factor into the overall resolution of the case. The outcome could have ripple effects (no pun intended) not only for Ripple but for the broader cryptocurrency industry.
Legal Dynamics Unfolding
As Ripple's legal battle with the SEC continues, the evolving legal dynamics and the implications of the Supreme Court ruling add a layer of complexity to the proceedings. XRP holders, represented by Deaton, are keenly watching as the case unfolds, and the potential revision of the SEC penalty opens new possibilities for Ripple in navigating the regulatory landscape. The coming months will likely bring further clarity on the implications of the Supreme Court ruling and how it may shape the ultimate outcome of this closely-watched legal dispute.
#RippleVsSEC #XRP
Key Arguments: Ripple's Potential Legal Advantage
Deaton underscores the significance of a Supreme Court ruling that has effectively limited the SEC's jurisdiction over sales within the United States. This legal precedent could play a pivotal role in reducing the financial penalty Ripple might face, signaling a potential advantage for the blockchain company in its legal battle.
Jurisdictional Constraints and Ripple's Global Sales
The Supreme Court ruling gains added importance as it places constraints on the SEC's jurisdiction specifically over sales within the United States. This has profound implications for Ripple, especially considering its global operations and XRP sales in regions like the UK, Japan, Switzerland, and beyond, which now face increased scrutiny.
Previous SEC Demand: $770 Million Penalty
Earlier reports indicated that the SEC sought a substantial $770 million penalty from Ripple for alleged violations of securities laws. However, Deaton's observations suggest that the legal landscape may be shifting, and Ripple might not be bound to the initially proposed hefty penalty.
Ripple's Global Reach and Ongoing Scrutiny
Ripple's operations extend far beyond U.S. borders, and the ongoing legal scrutiny raises questions about how international sales and regulatory frameworks will factor into the overall resolution of the case. The outcome could have ripple effects (no pun intended) not only for Ripple but for the broader cryptocurrency industry.
Legal Dynamics Unfolding
As Ripple's legal battle with the SEC continues, the evolving legal dynamics and the implications of the Supreme Court ruling add a layer of complexity to the proceedings. XRP holders, represented by Deaton, are keenly watching as the case unfolds, and the potential revision of the SEC penalty opens new possibilities for Ripple in navigating the regulatory landscape. The coming months will likely bring further clarity on the implications of the Supreme Court ruling and how it may shape the ultimate outcome of this closely-watched legal dispute.
#RippleVsSEC #XRP
"Ripple vs. SEC Spells Trouble for Coinbase: Lawsuit Uncertainty Looms Large"
An XRP community member said the recent development in the Coinbase insider trading lawsuit suggests that the SEC may not settle with Ripple.
Read more on: https://thecryptobasic.com/2024/03/06/coinbase-lawsuit-hints-sec-wont-settle-with-ripple/
#RippleVsSEC #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate
Read more on: https://thecryptobasic.com/2024/03/06/coinbase-lawsuit-hints-sec-wont-settle-with-ripple/
#RippleVsSEC #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate
🚀 Exploring the $7.5 Trillion Daily FX Market with AMM and Liquidity Pools
In a groundbreaking revelation, Ripple is taking strides to delve into the massive $7.5 trillion daily Foreign Exchange (FX) market, paralleling the efforts of the Bank for International Settlements (BIS). The confirmation comes directly from Joe Vollono, Ripple’s director for CBDC Business Development, disclosed during an online meeting.
🌐 Project Mariana and the FX Market Evolution:
Project Mariana, spearheaded by the BIS, envisions the evolution of trading and settling FX in a tokenized world. The BIS, in collaboration with the central banks of France, Singapore, and Switzerland, sees the potential for a tokenized financial system to revolutionize the existing $7.5 trillion daily FX market.
💬 Ripple's Involvement and Vision:
Joe Vollono expressed Ripple's keen interest in Project Mariana, calling it a "fascinating body of work." Ripple is actively exploring avenues within the project, particularly focusing on facilitating cross-border, cross-currency transactions using an Automated Market Maker (AMM). Vollono emphasized the crucial role of liquidity pools in the proposed models.
🏗️ Project Mariana Proof of Concept Success:
Recently, the BIS reported a successful conclusion of the proof of concept for Project Mariana. The project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) among financial institutions, utilizing DeFi technology on the public blockchain.
🔄 XRPL AMM:
Notably, the XRP community eagerly awaits the launch of an AMM on the XRP Ledger, pending the consensus of validators through the XLS-30D Amendment. The AMM launch holds the potential to further amplify Ripple's influence in the evolving landscape of decentralized finance.
🚀 Stay Tuned for Ripple's Next Move! Follow The Blockopedia for Real-time Updates!
#RippleUpdate #RippleVsSEC #crypto #cryptocurrency #crypto2023
In a groundbreaking revelation, Ripple is taking strides to delve into the massive $7.5 trillion daily Foreign Exchange (FX) market, paralleling the efforts of the Bank for International Settlements (BIS). The confirmation comes directly from Joe Vollono, Ripple’s director for CBDC Business Development, disclosed during an online meeting.
🌐 Project Mariana and the FX Market Evolution:
Project Mariana, spearheaded by the BIS, envisions the evolution of trading and settling FX in a tokenized world. The BIS, in collaboration with the central banks of France, Singapore, and Switzerland, sees the potential for a tokenized financial system to revolutionize the existing $7.5 trillion daily FX market.
💬 Ripple's Involvement and Vision:
Joe Vollono expressed Ripple's keen interest in Project Mariana, calling it a "fascinating body of work." Ripple is actively exploring avenues within the project, particularly focusing on facilitating cross-border, cross-currency transactions using an Automated Market Maker (AMM). Vollono emphasized the crucial role of liquidity pools in the proposed models.
🏗️ Project Mariana Proof of Concept Success:
Recently, the BIS reported a successful conclusion of the proof of concept for Project Mariana. The project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) among financial institutions, utilizing DeFi technology on the public blockchain.
🔄 XRPL AMM:
Notably, the XRP community eagerly awaits the launch of an AMM on the XRP Ledger, pending the consensus of validators through the XLS-30D Amendment. The AMM launch holds the potential to further amplify Ripple's influence in the evolving landscape of decentralized finance.
🚀 Stay Tuned for Ripple's Next Move! Follow The Blockopedia for Real-time Updates!
#RippleUpdate #RippleVsSEC #crypto #cryptocurrency #crypto2023
Ripple crypto asset listed company reveals 2020 SEC settlement deal specifics
CLO Stuart Alderoty stated that the United States Securities and Exchange Commission (SEC) made a settlement offer to Ripple on December 23, three years ago.
In order to "come into compliance," the SEC would make the announcement to the market that XRP is a security, and the market would be given a brief window of opportunity to do so.
The offer made by the SEC was declined by Ripple, which stated that XRP does not qualify as a security.
For the past decade, Ripple has been engaged in a legal conflict with the Securities and Exchange Commission (SEC) of the United States of America. Chief Legal Officer (CLO) Stuart Alderoty stated that the payment remittance company Ripple declined the settlement that was provided by the SEC. This statement was made in response to the offer that the SEC made to Ripple.
The specifics of the SEC settlement offer from 2020 have been released by Ripple's Chief Legal Officer.
In the year 2020, Alderoty provided the payment remittance company with information on the settlement offer made by the United States banking authority. Ripple's Chief Executive Officer stated that before to the filing of the case, the SEC made an offer to the market to announce that XRP is a security and to provide market players with a brief window of opportunity to "come into compliance."
Ripple declined the offer for two reasons: first, XRP is not a security, and second, the SEC has never developed a framework for crypto compliance. Both of these factors convinced Ripple to decline the offer. It is the contention of Alderoty that Ripple wished to demonstrate that XRP is not a security in and of itself, regardless of the spin that was put on the litigation by former officials of the Securities and Exchange Commission.
A pessimistic perspective on altcoin is revealed by the on-chain measurements of XRP The on-chain measures of altcoin indicate that the price of XRP is most likely going to undergo a subsequent correction. Ripple whales who already had between 10 million and 100 million XRP coins added an additional 360 million XRP to their holdings over the course of the last week.
The addition of XRP worth $223 million to whale holdings is not normally seen to be negative behaviour. On the other hand, when this is taken into consideration with profit-taking operations that are documented by the Network Realized Profit/Loss measure, it becomes clear that big wallet investors are experiencing profits in XRP.
It is therefore probable that the growth in $XRP holdings of whales will force the price of the alternative cryptocurrency down, despite the fact that there is increasing selling pressure on the commodity.
#xrp #RippleVsSEC #crypto2023
As of the time this article was written, the price of XRP on Binance was $0.6149.
In order to "come into compliance," the SEC would make the announcement to the market that XRP is a security, and the market would be given a brief window of opportunity to do so.
The offer made by the SEC was declined by Ripple, which stated that XRP does not qualify as a security.
For the past decade, Ripple has been engaged in a legal conflict with the Securities and Exchange Commission (SEC) of the United States of America. Chief Legal Officer (CLO) Stuart Alderoty stated that the payment remittance company Ripple declined the settlement that was provided by the SEC. This statement was made in response to the offer that the SEC made to Ripple.
The specifics of the SEC settlement offer from 2020 have been released by Ripple's Chief Legal Officer.
In the year 2020, Alderoty provided the payment remittance company with information on the settlement offer made by the United States banking authority. Ripple's Chief Executive Officer stated that before to the filing of the case, the SEC made an offer to the market to announce that XRP is a security and to provide market players with a brief window of opportunity to "come into compliance."
Ripple declined the offer for two reasons: first, XRP is not a security, and second, the SEC has never developed a framework for crypto compliance. Both of these factors convinced Ripple to decline the offer. It is the contention of Alderoty that Ripple wished to demonstrate that XRP is not a security in and of itself, regardless of the spin that was put on the litigation by former officials of the Securities and Exchange Commission.
A pessimistic perspective on altcoin is revealed by the on-chain measurements of XRP The on-chain measures of altcoin indicate that the price of XRP is most likely going to undergo a subsequent correction. Ripple whales who already had between 10 million and 100 million XRP coins added an additional 360 million XRP to their holdings over the course of the last week.
The addition of XRP worth $223 million to whale holdings is not normally seen to be negative behaviour. On the other hand, when this is taken into consideration with profit-taking operations that are documented by the Network Realized Profit/Loss measure, it becomes clear that big wallet investors are experiencing profits in XRP.
It is therefore probable that the growth in $XRP holdings of whales will force the price of the alternative cryptocurrency down, despite the fact that there is increasing selling pressure on the commodity.
#xrp #RippleVsSEC #crypto2023
As of the time this article was written, the price of XRP on Binance was $0.6149.
"2 Compelling Arguments Thwarting SEC's Motion in Latest Ripple Lawsuit"
Ripple has filed an opposition to the SEC’s motion to compel certain post-complaint discovery.
Read more on: https://thecryptobasic.com/2024/01/20/ripple-vs-sec-lawsuit-latest-update-ripple-cites-2-reasons-why-court-should-deny-sec-motion/
#RippleVsSEC #RippleSECSettlement #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/20/ripple-vs-sec-lawsuit-latest-update-ripple-cites-2-reasons-why-court-should-deny-sec-motion/
#RippleVsSEC #RippleSECSettlement #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫
"SEC Gears Up for Closed-Door Meeting: Could a Ripple Resolution Be on the Horizon?"
XRP enthusiasts are keeping a close tab on the upcoming SEC’s closed-door meeting and expect the event will lead to a potential settlement in the Ripple lawsuit.
Read more on: https://thecryptobasic.com/2023/11/22/sec-upcoming-closed-door-meeting-sparks-expectation-of-possible-settlement-in-ripple-case/
#Ripple-XRP #RippleVsSEC #RippleUpdate #SECCryptoActions #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/22/sec-upcoming-closed-door-meeting-sparks-expectation-of-possible-settlement-in-ripple-case/
#Ripple-XRP #RippleVsSEC #RippleUpdate #SECCryptoActions #CryptoNews🔒📰🚫
"Ripple's Potential Penalty: Expert Analysis Suggests Dramatic Reduction from $770M to $38.5M"
Deaton believes Ripple might pay a lower fee as penalties, making it difficult for the SEC to justify the amount of resources it spent during the legal battle.
Read more on: https://thecryptobasic.com/2023/11/06/expert-says-ripple-potential-penalty-of-770m-could-fall-to-38-5m/
#RippleVsSEC #SECLawsuit #Crypto #CryptoNews🔒📰🚫 #cryptonewstoday
Read more on: https://thecryptobasic.com/2023/11/06/expert-says-ripple-potential-penalty-of-770m-could-fall-to-38-5m/
#RippleVsSEC #SECLawsuit #Crypto #CryptoNews🔒📰🚫 #cryptonewstoday
"SEC's Closed-Door Meeting with Ripple Sparks Speculation of Imminent Settlement"
The SEC’s closed-door meeting slated for today has stirred a wave of speculation about a potential settlement in the ongoing legal tussle about Ripple.
Read more on: https://thecryptobasic.com/2023/11/30/as-sec-holds-closed-door-meeting-today-will-the-regulator-settle-with-ripple/
#RippleUpdate #RippleVsSEC #RippleLegal #cryptocurreny #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/30/as-sec-holds-closed-door-meeting-today-will-the-regulator-settle-with-ripple/
#RippleUpdate #RippleVsSEC #RippleLegal #cryptocurreny #CryptoNews🔒📰🚫
JUST IN 🚨🚨 #Ripple Vs #SecGov New Deadline Set For January 19th. #XRP Huge Pump On Or Before 19th 💥💥🚀🚀🚀$XRP #XRP/USDT.P #RippleVsSEC
