✅Binance is a global blockchain ecosystem that provides various services, including trading services, infrastructure solutions, educational resources, research, charitable programs, investment incubation initiatives, and more.

✅The company has grown significantly and has more than 8,000 full-time personnel globally.

✅Binance has prioritized regulatory compliance and has obtained regulatory approvals or operating licenses in many countries worldwide.

✅The company's compliance program includes KYC procedures, transaction monitoring tools, and a team of compliance personnel.

✅The company has invested significant resources to enhance its compliance program and strives to protect users in the fast-growing crypto industry.

#Binance #sec #czbinance #BNB #BTC

The legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has been ongoing for over a year now. Ripple, the blockchain-based payment protocol, is accused by the SEC of selling unregistered securities through its XRP cryptocurrency.

The outcome of this lawsuit has significant implications for the entire cryptocurrency industry, as it could potentially set a precedent for how cryptocurrencies are regulated in the United States.

Recently, a prominent cryptocurrency lawyer's testimony on crypto policy was suggested to have the potential to influence the fate of the Ripple lawsuit. This lawyer's testimony has been highly anticipated by both the Ripple and the SEC legal teams.

Who is the Top Crypto Lawyer and What is Their Testimony About?

The top crypto lawyer in question is Jeremy Hogan, a well-known lawyer in the cryptocurrency space. Hogan is a partner at the Hogan & Hogan law firm and has been actively involved in the Ripple lawsuit, providing regular updates and analysis on his YouTube channel.

Hogan's testimony is centered around the issue of whether or not XRP is a security. He argues that XRP is not a security, as it does not meet the criteria established by the SEC's Howey Test. The Howey Test is a legal precedent used to determine whether or not an asset qualifies as a security.

Hogan also states that the SEC's enforcement action against Ripple has caused significant harm to XRP holders, who have seen the value of their investments plummet as a result of the lawsuit.

What Could Hogan's Testimony Mean for the Ripple Lawsuit?

Hogan's testimony could potentially have a significant impact on the outcome of the Ripple lawsuit. If the court accepts Hogan's argument that XRP is not a security, then the lawsuit would likely be dismissed.

On the other hand, if the court disagrees with Hogan's assessment, Ripple may be found guilty of selling unregistered securities, which could result in significant fines and penalties for the company.

Moreover, the outcome of the Ripple lawsuit could set a precedent for how other cryptocurrencies are regulated in the United States. If XRP is found to be a security, other cryptocurrencies that share similar characteristics may also be subject to SEC regulation.

Conclusion

The fate of the Ripple lawsuit is of great importance to the entire cryptocurrency industry. The testimony of a prominent cryptocurrency lawyer like Jeremy Hogan has the potential to sway the outcome of the lawsuit and set a legal precedent for how cryptocurrencies are regulated in the United States.

As the legal battle between Ripple and the SEC continues, the crypto community is eagerly awaiting the outcome, which could shape the future of the industry for years to come.

#ripple #xrp #sec #dyor #crypto2023

After the presiding judge in the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) ruled on both parties’ motions to preclude certain experts’ testimony, pro-Ripple lawyers believe that the decision could prove disastrous for the regulator’s summary judgment motion.

As it happens, Scott Chamberlain, a former attorney and co-founder of the permissionless Layer 2 platform Evernode XRPL, shared his key takeaways on District Judge Analisa Torres’s ruling, in which he singled out the exclusion of one specific witness as “fatal to SEC,” on March 7.

His views were echoed by the legal expert and amicus curiae for Ripple, John E. Deaton, who agreed with Chamberlain’s analysis and expressed his opinion that “the expert’s preclusion is fatal for the SEC’s summary judgment motion,” which he later told Fox Business’ Charles Gasparino could arrive “any day now or in a couple of weeks.”

Problem with expert witness

As Deaton pointed out in the interview on March 8, Ripple had ten expert witnesses, while the SEC had five, challenged by both sides respectively, and the victory for the blockchain company was the exclusion of the witness “who was going to testify as to what XRP token holders thought in their heads when they purchased XRP. 

“Of course, he never interviewed a single XRP holder in his entire career, and he received a $3 million contract from – guess who – the SEC to serve as a witness. So the judge excluded that part of his testimony.“

Meanwhile, he remains a strong believer that Ripple would win the case. His words arrive days after the blockchain company’s CEO Brad Garlinghouse once again questioned the SEC’s conduct, terming its recent onslaught against the crypto industry as an unhealthy way to regulate it.

#ripple #xrp #sec #buildtogether #binancepaymarketplace

#Ripple is currently experiencing a surge in its market value due to promising indications that it will emerge victorious in its legal battle against the Securities and Exchange Commission (SEC). This development has generated a lot of excitement among investors and cryptocurrency enthusiasts alike.

The ongoing legal dispute between Ripple and the SEC has been a major source of concern for the cryptocurrency community. However, recent developments have given Ripple supporters reason to be optimistic. The company has been making significant progress in its legal defense, and there are indications that the SEC's case against Ripple may not be as strong as initially thought.

As a result, Ripple's market value has been steadily increasing, with many investors betting on the company's eventual success in the legal battle. This rally has been a welcome relief for Ripple, which has been struggling to maintain its market position in the face of regulatory uncertainty.

Overall, the recent developments in Ripple's legal battle have generated a lot of excitement and optimism among investors. While the outcome of the case is still uncertain, many are hopeful that Ripple will emerge victorious and continue to thrive in the cryptocurrency market.

#ripple #crypto2023 #coingabbar #sec

Ripple price has been on an uptrend since Monday, drawing steam from the Bitcoin price action.

XRP market cap has soared 25%, marking a new yearly high of $25 billion to bolster the uptrend.

The token boasts a week-long ascension totaling 28% as the uptrend continues.

Ripple price has been on an uptrend since Monday, soaring alongside Bitcoin’s price action and in tandem with the general bullish market trajectory. As a result, the XRP market capitalization has also skyrocketed 25%, rising from $20 billion to $25 billion, a new yearly high that solidifies its position among the crypto top six.

Drivers behind Ripple’s bullish trend

1. Widespread adoption of the XRPL decentralized blockchain technology

As reported earlier, several forces are driving the latest bull run for Ripple price. For starters, the XRP Ledger (XRPL) has been instrumental in XRP’s prevailing uptrend. XRPL is a decentralized blockchain technology powered by the fintech company Ripple.

Based on data from market researcher Messari, the XRPL seeks to provide a digital payment infrastructure for individuals and financial entities like central banks alike.

Reportedly, XRPL adoption has increased significantly since February, a factor that plays a role in the current price uptick for XRP.

With this widespread adoption, XRP demand continues to soar as more institutions and individuals use XRPL to facilitate cross-currency trades, among other applications. Accordingly, the XRPL-inspired price surge for XRP could be instrumental in driving Ripple price above the $0.474 roadblock to potentially tag the $0.500 resistance level.

This is feasible as more buyers approach the scene and compete for XRP’s limited supply, causing its price to increase.

Additionally, as users continue to discover the potential of XRPL in revolutionizing the global financial system, investor interest in XRP could spike, fueling more growth. The decentralized blockchain technology’s Proof-of-Association (PoA) consensus algorithm in the wider financial sector is a pillar. The algorithm validates transactions while ensuring the network’s security. This makes it a key part of the XRPL infrastructure.

2. Expected win in the Ripple vs SEC lawsuit 

Another factor in the latest bull run for Ripple price is that investors have pegged their hopes on Ripple coming out victorious in the ongoing lawsuit against the United States Securities and Exchange Commission (SEC).

District Judge, Analisa Torres, ruled on March 6 on motions filed by both parties. In her ruling, the judge disregarded certain comments by expert witnesses from the upcoming summary judgment. While she partly approved and denied the motions, Judge Torres underscored no clear winner and loser in the court case.

Nevertheless, the termination of “Expert No. 1,” Patrick Doody, was a good sign. Doody was invited by the SEC as the primary witness to testify about the perceptions of a reasonable XRP purchase. The XRP community believes Ripple could win the court battle with Doody’s termination.

As reported in January, Ripple CEO, Brad Garlinghouse, said he expects the lawsuit will end “in the coming single-digit months.”

Notably, the Ripple community also rides on the March 12 assurance from Garlinghouse that the company is in a strong financial position. This came after the collapse of Silicon Valley Bank (SVB), to which Ripple had exposure.

Many Twitter users responded to Garlinghouse’s thread positively, with one particular comment standing out:

I never doubted you or Ripple to have taken proper risk management.

Hours after the post, the Federal Reserve (Fed) said it had established a funding program of $25 billion to assist banks with liquidity during times of financial stress, cauterizing the situation for Ripple and many others. In a successful attempt to restore calm, the Fed also noted that all depositors of SVB would have access to all of their money beginning March 13. 

3) Ripple becomes the primary partner of a key UK non-profit

Ripple managing director for the UK and Europe zone, Sandy Young, has announced that Ripple crypto company has partnered with UK's major charity non-profit organization, the Great Ormond Street Hospital Children’s Charity (GOSH). This Non-Governmental Organization focuses on helping children sick with cancer.

The Ripple community is excited about the blockchain giant using its resources to support sick children and their families. Notably, the first order of business is raising millions of pounds sterling to help UK children fight cancer in GOSH. Ripple is expected to provide their best support here.

#xrp #BullRun #koinmilyoner #GPT-4 #sec