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#Write2Earn SEC v. Ripple: Crucial Request Filed by Defendants
Ripple Labs has filed for a deadline extension for remedies-related discovery in the SEC lawsuit
Contents
Strapped for time
The SEC's legal win
In the latest development of the SEC's lawsuit against Ripple Labs, the blockchain company has officially requested a brief, one-week extension for the deadline for remedies-related discovery, according to a document filed with the United States District Court for the Southern District of New York.
Ripple's counsel submitted the letter on Feb. 6, seeking to move the deadline from Feb. 12 to Feb. 20, 2024.
Strapped for time
The extension request is said to be in response to the #SEC's request for post-complaint contracts and financial statements from 2022 and 2023, which Ripple intends to fulfill.
In the formal letter to Judge Analisa Torres, #Ripple's legal team argued that "absent a brief extension of the current deadline, Ripple would have just one week in which to produce responses to discovery requests that seek a large volume of documents and cover the entire post-complaint period."
The request for extension is notable as it comes with the SEC's consent.
A short extension of eight days will give Ripple sufficient time to collect and produce the requested documents," Ripple's counsel added.
The SEC's legal win
Before Ripple's request for more time, the SEC celebrated a legal triumph with Magistrate Judge Sarah Netburn's decision to compel Ripple to provide the requested discovery.
This decision overrules Ripple's procedural objections and requires the company to provide detailed financial statements for the years 2022 and 2023 as well as contracts and information concerning the proceeds from institutional $XRP sales post-complaint.#TrendingTopic #TradeNTell
Ripple Labs has filed for a deadline extension for remedies-related discovery in the SEC lawsuit
Contents
Strapped for time
The SEC's legal win
In the latest development of the SEC's lawsuit against Ripple Labs, the blockchain company has officially requested a brief, one-week extension for the deadline for remedies-related discovery, according to a document filed with the United States District Court for the Southern District of New York.
Ripple's counsel submitted the letter on Feb. 6, seeking to move the deadline from Feb. 12 to Feb. 20, 2024.
Strapped for time
The extension request is said to be in response to the #SEC's request for post-complaint contracts and financial statements from 2022 and 2023, which Ripple intends to fulfill.
In the formal letter to Judge Analisa Torres, #Ripple's legal team argued that "absent a brief extension of the current deadline, Ripple would have just one week in which to produce responses to discovery requests that seek a large volume of documents and cover the entire post-complaint period."
The request for extension is notable as it comes with the SEC's consent.
A short extension of eight days will give Ripple sufficient time to collect and produce the requested documents," Ripple's counsel added.
The SEC's legal win
Before Ripple's request for more time, the SEC celebrated a legal triumph with Magistrate Judge Sarah Netburn's decision to compel Ripple to provide the requested discovery.
This decision overrules Ripple's procedural objections and requires the company to provide detailed financial statements for the years 2022 and 2023 as well as contracts and information concerning the proceeds from institutional $XRP sales post-complaint.#TrendingTopic #TradeNTell
Analyst: Emergence of Bullish Cross On ASO Sets XRP For 23,238% Rally to $144. Here’s the Timeline
EGRAG CRYPTO, a respected market analyst, has drawn the XRP community’s attention to an intriguing development on the XRP Average Sentiment Oscillator (ASO). This development hints at the likelihood of a significant price rally over the next 275 days.
The Average Sentiment Oscillator is a market indicator that tracks the collective sentiment of market participants by calculating the average percentages of bullish and bearish sentiments.
This indicator consists of two lines: a blue line representing bullish sentiment and a red line representing bearish sentiment. The line with the higher value indicates the prevailing market sentiment.
XRP’s ASO Indicator History
EGRAG CRYPTO has long recognized the ASO’s potency in forecasting XRP’s price movements, with its initial report dating back to February 25. In that report, he unearthed two distinct instances where the ASO indicator precisely foreshadowed XRP’s price surges and declines through bullish and bearish crosses.
The bullish cross forms when the blue line rises above the red line, and a bearish cross forms when the red line goes above the blue. XRP experienced a bullish cross in March 2017 while trading between $0.00525 to $0.02254. Following this cross, XRP embarked on an astonishing rally, ultimately reaching its all-time high.
XRP experienced a bearish cross in September 2018, which caused a drop to $0.1747 in December 2019. Another bullish cross followed less than 2 years later, propelling XRP to $1.96 in April 2021. XRP was pushed back down in May after a bearish cross.
XRP’s Bullish Cross
EGRAG CRYPTO’s latest update from November 3 shows that the gap has closed. He stated, “I’ve been eagerly awaiting the #Bullish crossover of the ASO (Average Sentiment Oscillator) since February 2023. And guess what? It’s finally here!”
He pointed out that, historically, it has taken around 275 days, equivalent to nine months, for XRP to reach the top of its bull run after each bullish cross. He wrote, “If this pattern holds, the next 7-10 months could be filled with some spectacular fireworks!”
EGRAG CRYPTO did not provide a target in this prediction, but this update is a confirmation of an August update, backed by the ASO technical analysis, which had a target of $144. Considering the current price of XRP standing at $0.61, the target price would represent a 23,238% rally.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #xrp $XRP
The Average Sentiment Oscillator is a market indicator that tracks the collective sentiment of market participants by calculating the average percentages of bullish and bearish sentiments.
This indicator consists of two lines: a blue line representing bullish sentiment and a red line representing bearish sentiment. The line with the higher value indicates the prevailing market sentiment.
XRP’s ASO Indicator History
EGRAG CRYPTO has long recognized the ASO’s potency in forecasting XRP’s price movements, with its initial report dating back to February 25. In that report, he unearthed two distinct instances where the ASO indicator precisely foreshadowed XRP’s price surges and declines through bullish and bearish crosses.
The bullish cross forms when the blue line rises above the red line, and a bearish cross forms when the red line goes above the blue. XRP experienced a bullish cross in March 2017 while trading between $0.00525 to $0.02254. Following this cross, XRP embarked on an astonishing rally, ultimately reaching its all-time high.
XRP experienced a bearish cross in September 2018, which caused a drop to $0.1747 in December 2019. Another bullish cross followed less than 2 years later, propelling XRP to $1.96 in April 2021. XRP was pushed back down in May after a bearish cross.
XRP’s Bullish Cross
EGRAG CRYPTO’s latest update from November 3 shows that the gap has closed. He stated, “I’ve been eagerly awaiting the #Bullish crossover of the ASO (Average Sentiment Oscillator) since February 2023. And guess what? It’s finally here!”
He pointed out that, historically, it has taken around 275 days, equivalent to nine months, for XRP to reach the top of its bull run after each bullish cross. He wrote, “If this pattern holds, the next 7-10 months could be filled with some spectacular fireworks!”
EGRAG CRYPTO did not provide a target in this prediction, but this update is a confirmation of an August update, backed by the ASO technical analysis, which had a target of $144. Considering the current price of XRP standing at $0.61, the target price would represent a 23,238% rally.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #xrp $XRP
6 Times The SEC Lost In Court😮🇺🇲📍
How many times has the sec United States lost a case?
The SEC United States has lost 4 of its last 5 cases in the Supreme Court. This information was tweeted by #Ripple's Labs CEO Brad Garlinghouse in December 2022. The cases that the SEC lost were:
Salomon v. Securities and Exchange Commission (1987)
Free Speech Coalition v. Reno (1998)
MedImmune v. Genentech (2007)
2017, the SEC lost a case against Tesla CEO Elon Musk, who was accused of misleading investors about the company's production goals.
Liu v. Securities and Exchange Commission (2022)
Securities and Exchange Commission v. Ripple Labs Inc. (2023)
The SEC has also lost a number of cases in lower courts, but it is difficult to track the exact number. However, it is clear that the SEC has a losing record in some of the most important cases that it has brought.
The SEC's recent losses in the Supreme Court have been attributed to a number of factors, including the court's changing composition and the SEC's own legal strategy. The court has become more conservative in recent years, and this has made it more difficult for the SEC to win cases. Additionally, the SEC has been criticized for its aggressive legal tactics, which have sometimes backfired.
The SEC's losing record is a sign that the agency is facing challenges. However, it is important to note that the SEC has also won a number of important cases. The agency's overall record is still positive, but it is clear that the SEC needs to be more careful in the future if it wants to avoid further losses.
What is the SEC?
The SEC stands for Securities and Exchange Commission. It is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.
The SEC has three main goals:
Protect investors: The SEC ensures that investors have access to accurate information about securities and that they are not misled by fraudsters.
Maintain fair and orderly markets: The SEC works to ensure that securities markets are fair and orderly, and that investors have a level playing field.
Facilitate capital formation: The SEC helps to ensure that companies have access to capital, which is essential for economic growth.
The SEC has a wide range of powers, including the ability to:
Register securities: All securities offered for sale to the public in the United States must be registered with the SEC.
Prohibit fraud: The SEC can bring civil and criminal actions against those who commit fraud in the securities markets.
Set rules: The SEC sets rules governing the conduct of securities firms, brokers, and dealers.
Investigate complaints: The SEC investigates complaints from investors and takes action against those who violate the law.
The SEC is a powerful agency with a wide range of responsibilities. It plays a vital role in protecting investors and ensuring that the securities markets are fair and orderly.
The #SEC was created by the Securities Act of 1933 and the Securities Exchange Act of 1934.
The SEC is headquartered in Washington, D.C.
The SEC has a staff of over 4,000 employees.
The SEC's budget is over $2 billion.
Summary:
Despite the SEC's role and influence, it is good to note that they are not immune to losing cases. As with the #Binance U.S lawsuits and recent developments of "no proofs against Binance exchange", we should be expecting a case dismissal soon.
The whole #crypto2023 industry has eyes on this case and it's probably one of the biggest they've ever encountered.
More details soon...
Let's hear your thoughts below 👇
What's your prediction for the crypto lawsuits?
Follow us 📍
Like and Share Post 📍
Comment Below 📍
Cheers 🥂
Disclaimer:
The above post is only for #educational purposes only. Also, we do not offer financial advice, please always do your own research before Investing in any cryptocurrency. 🙏📈📉
The SEC United States has lost 4 of its last 5 cases in the Supreme Court. This information was tweeted by #Ripple's Labs CEO Brad Garlinghouse in December 2022. The cases that the SEC lost were:
Salomon v. Securities and Exchange Commission (1987)
Free Speech Coalition v. Reno (1998)
MedImmune v. Genentech (2007)
2017, the SEC lost a case against Tesla CEO Elon Musk, who was accused of misleading investors about the company's production goals.
Liu v. Securities and Exchange Commission (2022)
Securities and Exchange Commission v. Ripple Labs Inc. (2023)
The SEC has also lost a number of cases in lower courts, but it is difficult to track the exact number. However, it is clear that the SEC has a losing record in some of the most important cases that it has brought.
The SEC's recent losses in the Supreme Court have been attributed to a number of factors, including the court's changing composition and the SEC's own legal strategy. The court has become more conservative in recent years, and this has made it more difficult for the SEC to win cases. Additionally, the SEC has been criticized for its aggressive legal tactics, which have sometimes backfired.
The SEC's losing record is a sign that the agency is facing challenges. However, it is important to note that the SEC has also won a number of important cases. The agency's overall record is still positive, but it is clear that the SEC needs to be more careful in the future if it wants to avoid further losses.
What is the SEC?
The SEC stands for Securities and Exchange Commission. It is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.
The SEC has three main goals:
Protect investors: The SEC ensures that investors have access to accurate information about securities and that they are not misled by fraudsters.
Maintain fair and orderly markets: The SEC works to ensure that securities markets are fair and orderly, and that investors have a level playing field.
Facilitate capital formation: The SEC helps to ensure that companies have access to capital, which is essential for economic growth.
The SEC has a wide range of powers, including the ability to:
Register securities: All securities offered for sale to the public in the United States must be registered with the SEC.
Prohibit fraud: The SEC can bring civil and criminal actions against those who commit fraud in the securities markets.
Set rules: The SEC sets rules governing the conduct of securities firms, brokers, and dealers.
Investigate complaints: The SEC investigates complaints from investors and takes action against those who violate the law.
The SEC is a powerful agency with a wide range of responsibilities. It plays a vital role in protecting investors and ensuring that the securities markets are fair and orderly.
The #SEC was created by the Securities Act of 1933 and the Securities Exchange Act of 1934.
The SEC is headquartered in Washington, D.C.
The SEC has a staff of over 4,000 employees.
The SEC's budget is over $2 billion.
Summary:
Despite the SEC's role and influence, it is good to note that they are not immune to losing cases. As with the #Binance U.S lawsuits and recent developments of "no proofs against Binance exchange", we should be expecting a case dismissal soon.
The whole #crypto2023 industry has eyes on this case and it's probably one of the biggest they've ever encountered.
More details soon...
Let's hear your thoughts below 👇
What's your prediction for the crypto lawsuits?
Follow us 📍
Like and Share Post 📍
Comment Below 📍
Cheers 🥂
Disclaimer:
The above post is only for #educational purposes only. Also, we do not offer financial advice, please always do your own research before Investing in any cryptocurrency. 🙏📈📉
#Ripple's audit and contract sparks legal firestorm and now it looks like ripple vs #SEC ….let’s wait what’s next because ripple argues that SEC had initially deemed post complaint conduct as irrelevant to the case which is filed.
*Hope this year is good for $BTC $ETH $BNB *
*Hope this year is good for $BTC $ETH $BNB *
XRP Price Seeks a New Bullish Catalyst to Propel Above $1? 🧐
#XRP 's price surged over 100% after #Ripple's legal win, but the fundamentals don't fully support a move to $1 and beyond.
While trading interest increased, network usage data showed limited new participation. Ripple's efforts for adoption and investment in a metaverse project could help.
Technical resistance levels need to be surpassed for a stronger bullish sentiment. The high futures open interest and positive funding rate suggest potential volatility and liquidation targets.
Positive regulatory developments and retail popularity might end the long-term negative trend in the next few weeks, but market dynamics and adoption progress will be crucial.
#Binance
#BullishFlag
#crypto2023
#XRP 's price surged over 100% after #Ripple's legal win, but the fundamentals don't fully support a move to $1 and beyond.
While trading interest increased, network usage data showed limited new participation. Ripple's efforts for adoption and investment in a metaverse project could help.
Technical resistance levels need to be surpassed for a stronger bullish sentiment. The high futures open interest and positive funding rate suggest potential volatility and liquidation targets.
Positive regulatory developments and retail popularity might end the long-term negative trend in the next few weeks, but market dynamics and adoption progress will be crucial.
#Binance
#BullishFlag
#crypto2023
Expert Says XRP Is A Better Investment Instrument Than Amazon, Apple, and Netflix
Renowned crypto expert Panos Mekras has recently shared his perspective on the investment potential of XRP, drawing an intriguing comparison to the stocks of prominent companies in the technology sector, including Amazon, Apple, and Netflix.
Mekras argues that XRP presents a more extensive investment outlook than the stocks of these FAANG companies, pointing to a recent tweet by stock investor Brian Feroldi to support his claim.
XRP: A Lucrative Investment Opportunity
In his tweet, Feroldi emphasized that latecomers to the stock market still have ample opportunity to make substantial gains. He cited examples of successful investments in Apple, Amazon, and Netflix made five years after pivotal milestones in their development.
Feroldi concluded his tweet by highlighting that being late to the party might not be as detrimental as commonly assumed, stating, “You can be ‘late’ and still win big.”
Mekras acknowledges Feroldi’s perspective and extends it to the realm of cryptocurrencies. He believes that the crypto space offers similar opportunities for latecomers but with even greater potential and a plethora of innovative projects.
Mekras emphasizes the vast possibilities within the crypto sphere, remarking, “It’s the same with crypto but with a much bigger potential and more opportunities. So many great projects, so much innovation.”
XRP and Avalanche: Blue-Chip Crypto Projects
Among the numerous crypto assets, Mekras singles out XRP and Avalanche (AVAX) as top-tier layer-one projects, akin to blue-chip assets in the cryptocurrency market. This distinction underscores the prominence and reliability of these cryptocurrencies, making them attractive investment options for those seeking long-term growth.
Mekras’s comments challenge the conventional notion that entering the market at a later stage hampers the potential for substantial gains. His perspective highlights the growing potential of cryptocurrencies as an investment asset class.
While cryptocurrencies were once viewed primarily as speculative investments, the maturation of the technology and its increasing adoption by institutional investors have propelled them into the mainstream.
Moreover, Mekras suggests that XRP, with its scalability and potential for widespread adoption, is well-positioned to benefit from this trend. As a result, XRP may emerge as one of the preferred cryptocurrencies for institutional investors seeking exposure to the crypto market.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #XRPInvesting $XRP
Mekras argues that XRP presents a more extensive investment outlook than the stocks of these FAANG companies, pointing to a recent tweet by stock investor Brian Feroldi to support his claim.
XRP: A Lucrative Investment Opportunity
In his tweet, Feroldi emphasized that latecomers to the stock market still have ample opportunity to make substantial gains. He cited examples of successful investments in Apple, Amazon, and Netflix made five years after pivotal milestones in their development.
Feroldi concluded his tweet by highlighting that being late to the party might not be as detrimental as commonly assumed, stating, “You can be ‘late’ and still win big.”
Mekras acknowledges Feroldi’s perspective and extends it to the realm of cryptocurrencies. He believes that the crypto space offers similar opportunities for latecomers but with even greater potential and a plethora of innovative projects.
Mekras emphasizes the vast possibilities within the crypto sphere, remarking, “It’s the same with crypto but with a much bigger potential and more opportunities. So many great projects, so much innovation.”
XRP and Avalanche: Blue-Chip Crypto Projects
Among the numerous crypto assets, Mekras singles out XRP and Avalanche (AVAX) as top-tier layer-one projects, akin to blue-chip assets in the cryptocurrency market. This distinction underscores the prominence and reliability of these cryptocurrencies, making them attractive investment options for those seeking long-term growth.
Mekras’s comments challenge the conventional notion that entering the market at a later stage hampers the potential for substantial gains. His perspective highlights the growing potential of cryptocurrencies as an investment asset class.
While cryptocurrencies were once viewed primarily as speculative investments, the maturation of the technology and its increasing adoption by institutional investors have propelled them into the mainstream.
Moreover, Mekras suggests that XRP, with its scalability and potential for widespread adoption, is well-positioned to benefit from this trend. As a result, XRP may emerge as one of the preferred cryptocurrencies for institutional investors seeking exposure to the crypto market.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #XRPInvesting $XRP
#Ripple's CEO Brad Garlinghouse has recently criticized the US Securities and Exchange Commission (SEC) for taking the company’s transparency reports on XRP and using them as evidence against them. In December 2020, the SEC sued Ripple and its executives for allegedly making XRP sales as securities contracts. However, a court ruling recently declared #XRP not a security.
Garlinghouse expressed his disappointment in the #SEC’s actions, commenting that “we started these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward.”
Garlinghouse expressed his disappointment in the #SEC’s actions, commenting that “we started these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward.”
XRP Now Available in 72 Countries With Combined GDP of over $8 Trillion
XRP may now be available in up to 72 countries within the MEASA (Middle East, Africa, and South Asia) region following its recent regulatory approval by Dubai within the DIFC.
The Crypto Basic recently disclosed that the Dubai Financial Services Authority (DFSA), the independent financial services regulatory body in the Dubai International Financial Center (DIFC), approved XRP under its digital asset regime.
The approval would give licensed crypto-focused companies operating within the DIFC the liberty to offer all forms of crypto-related services for XRP, including trading, lending, and others.
According to the announcement, XRP became the first crypto asset the regulatory agency granted legal and regulatory approval from an external application under its crypto asset regime within the DIFC. XRP joins other digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), but these did not get approved through an external application.
Significance of the Development
Interestingly, recent discoveries confirmed that the development is more pivotal than most enthusiasts initially believed. The DIFC’s role as a leading financial center is not limited to Dubai or the UAE but extends its influence across a vast area, reaching the entire MEASA region.
Information from its official platform suggests that the DIFC has served as a central point for various financial activities, making it one of the primary destinations for businesses, investors, and financial institutions in the MEASA region for over two decades.
For context, the Middle East, Africa, and South Asia (MEASA) region encompasses up to 72 countries, including major players like India, Saudi Arabia, UAE, Israel, Turkey, Egypt, and Qatar. The MEASA region boasts a combined nominal GDP of over $8 Trillion, per recent estimates.
The DIFC has been instrumental in facilitating trade and investment within the MEASA region. It plays a vital role in linking investors and businesses from MEASA to the rest of the world. As a result, XRP’s regulatory clarity in the financial hub opens the doors for multiple opportunities in the 72 countries within MEASA.
Three years back, Ripple established its MENA (Middle East and North Africa) headquarters within the DIFC upon recognizing the potential opportunities that could come from operating within the hub. XRP’s entrance further solidifies its footing in the center.
Notably, XRP already secures regulatory clarity in some countries within the MEASA region with favorable crypto rules. Nonetheless, the recent approval from the DIFC could help bolster its prominence in the region, exposing it to several MEASA companies domiciled in the DIFC.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #XRPglobal $XRP
The Crypto Basic recently disclosed that the Dubai Financial Services Authority (DFSA), the independent financial services regulatory body in the Dubai International Financial Center (DIFC), approved XRP under its digital asset regime.
The approval would give licensed crypto-focused companies operating within the DIFC the liberty to offer all forms of crypto-related services for XRP, including trading, lending, and others.
According to the announcement, XRP became the first crypto asset the regulatory agency granted legal and regulatory approval from an external application under its crypto asset regime within the DIFC. XRP joins other digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), but these did not get approved through an external application.
Significance of the Development
Interestingly, recent discoveries confirmed that the development is more pivotal than most enthusiasts initially believed. The DIFC’s role as a leading financial center is not limited to Dubai or the UAE but extends its influence across a vast area, reaching the entire MEASA region.
Information from its official platform suggests that the DIFC has served as a central point for various financial activities, making it one of the primary destinations for businesses, investors, and financial institutions in the MEASA region for over two decades.
For context, the Middle East, Africa, and South Asia (MEASA) region encompasses up to 72 countries, including major players like India, Saudi Arabia, UAE, Israel, Turkey, Egypt, and Qatar. The MEASA region boasts a combined nominal GDP of over $8 Trillion, per recent estimates.
The DIFC has been instrumental in facilitating trade and investment within the MEASA region. It plays a vital role in linking investors and businesses from MEASA to the rest of the world. As a result, XRP’s regulatory clarity in the financial hub opens the doors for multiple opportunities in the 72 countries within MEASA.
Three years back, Ripple established its MENA (Middle East and North Africa) headquarters within the DIFC upon recognizing the potential opportunities that could come from operating within the hub. XRP’s entrance further solidifies its footing in the center.
Notably, XRP already secures regulatory clarity in some countries within the MEASA region with favorable crypto rules. Nonetheless, the recent approval from the DIFC could help bolster its prominence in the region, exposing it to several MEASA companies domiciled in the DIFC.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #XRPglobal $XRP
Ripple set to boom 💥
#Ripple's uses blockchain technology to transform value transfer and information transfer through international #payments processing partnerships.
Despite facing challenges from the SEC's enforcement action in December 2020, the company remains a compelling use case for #blockchains technology.
Ripple is set to boom 🔥 Sooner due to its recent developments happening around it ecosystem. It is working hard to becoming a means of #payments across the Globe 🌎. If it succeeds this actions it will bring more #investors to is community .
Fig 1.0 is ripple {XRP} logo
Guyz let's be on a look out on this Coin probably hodl a little value incase it follows my TA .
Follow me and make your comments 👇
Check out my previous updates
Despite facing challenges from the SEC's enforcement action in December 2020, the company remains a compelling use case for #blockchains technology.
Ripple is set to boom 🔥 Sooner due to its recent developments happening around it ecosystem. It is working hard to becoming a means of #payments across the Globe 🌎. If it succeeds this actions it will bring more #investors to is community .
Fig 1.0 is ripple {XRP} logo
Guyz let's be on a look out on this Coin probably hodl a little value incase it follows my TA .
Follow me and make your comments 👇
Check out my previous updates
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 becomes the fourth #Criptomonedas largest by market capitalization after the partial victory of #Ripple's before the #SEC
XRP's market cap skyrocketed by over $21 billion in just three hours.
Ripple (XRP) has become the fourth largest cryptocurrency by market capitalization following Ripple Labs' partial victory over the Securities and Exchange Commission (SEC) on July 13.
Just hours after the ruling, XRP's #market capitalization rose an impressive $21.2 billion to hit a new yearly high of $46.1 billion, moving it from seventh place to overtaking USD Coin.
XRP's market cap skyrocketed by over $21 billion in just three hours.
Ripple (XRP) has become the fourth largest cryptocurrency by market capitalization following Ripple Labs' partial victory over the Securities and Exchange Commission (SEC) on July 13.
Just hours after the ruling, XRP's #market capitalization rose an impressive $21.2 billion to hit a new yearly high of $46.1 billion, moving it from seventh place to overtaking USD Coin.
#BullRun Ripple Likely to Trim $770 Million SEC Fine, Expert Says
Ripple is likely to manage to significantly reduce the potential $770 million fine imposed by the SEC, according to legal expert Jeremy Hogan. This would make yet another win for the embattled company.
Hogan's most recent take
In his thread on the X social media platform, Hogan stressed the key arguments that Ripple could use to lower the damages sought by the SEC.
These arguments are based on recent case law and the specific circumstances of #Ripple's XRP sales.
Hogan points out that the "disgorgement" sought by the SEC, which is the recovery of profits made from the alleged wrongdoing, should be based on Ripple's net profits, not the gross amount. This distinction is crucial as it allows Ripple to deduct business expenses, potentially slashing the sum significantly.
Moreover, Hogan emphasizes that only sales with a U.S. nexus fall under the SEC's jurisdiction, introducing a "nexus" question that could further limit the scope of any financial penalty.
A significant court decision
Previously, Ripple celebrated a court decision that could tilt the legal battle in its favor. Ripple's chief lawyer, Stuart Alderoty, hailed the 2nd Circuit's ruling in SEC v. Govil, noting that the SEC must prove investors suffered actual financial harm before demanding significant disgorgement.
This view, which is supported by Hogan, suggests that Ripple's liability may depend on whether XRP investors have incurred losses.
Prior to that, the regulator moved to dismiss its charges against Brad Garlinghouse and Chris Larsen, the top Ripple executives. Alderoty hailed the SEC's decision to drop all charges against Ripple executives as a "surrender."#MagicEden #XMR #Ledger
Ripple is likely to manage to significantly reduce the potential $770 million fine imposed by the SEC, according to legal expert Jeremy Hogan. This would make yet another win for the embattled company.
Hogan's most recent take
In his thread on the X social media platform, Hogan stressed the key arguments that Ripple could use to lower the damages sought by the SEC.
These arguments are based on recent case law and the specific circumstances of #Ripple's XRP sales.
Hogan points out that the "disgorgement" sought by the SEC, which is the recovery of profits made from the alleged wrongdoing, should be based on Ripple's net profits, not the gross amount. This distinction is crucial as it allows Ripple to deduct business expenses, potentially slashing the sum significantly.
Moreover, Hogan emphasizes that only sales with a U.S. nexus fall under the SEC's jurisdiction, introducing a "nexus" question that could further limit the scope of any financial penalty.
A significant court decision
Previously, Ripple celebrated a court decision that could tilt the legal battle in its favor. Ripple's chief lawyer, Stuart Alderoty, hailed the 2nd Circuit's ruling in SEC v. Govil, noting that the SEC must prove investors suffered actual financial harm before demanding significant disgorgement.
This view, which is supported by Hogan, suggests that Ripple's liability may depend on whether XRP investors have incurred losses.
Prior to that, the regulator moved to dismiss its charges against Brad Garlinghouse and Chris Larsen, the top Ripple executives. Alderoty hailed the SEC's decision to drop all charges against Ripple executives as a "surrender."#MagicEden #XMR #Ledger
#Ripple.fell 18% in bearish trading amid strong selling ⬇️😐
_#Ripple.was.trading in the $0.51772 pair at 15:10 (12:10 GMT) on the Investing.com Index platform during Wednesday, declining 18.06% on the daily level. To record the highest decline rate since. The downward movement also pushed #Ripple's market value to drop to $33.46332B, or 1.98% of the total market value of the virtual currency market. The highest market value for Ripple was $83.44071B.
Ripple currency traded in a range between $0.51772 and $0.63917 during the last twenty-four hours. Over the past seven days, Ripple has been seen stagnating in terms of values, with only a percentage change. As for the volume of Ripple currency traded in the last twenty-four hours until writing this report, within the $ pair, at 1.40463B, or 1.92% of the total volume of all digital currencies. It has traded in a range between $0.5177 and $0.6569 over the last seven days. On the other side of digital currency trading, Bitcoin was moving at $41,216.9 within the #Investing.com.Index pair, down by a change of 6.59% on the daily level. .
$XRP
#follow To see more breaking news ✅🚀⬇️🔥
_#Ripple.was.trading in the $0.51772 pair at 15:10 (12:10 GMT) on the Investing.com Index platform during Wednesday, declining 18.06% on the daily level. To record the highest decline rate since. The downward movement also pushed #Ripple's market value to drop to $33.46332B, or 1.98% of the total market value of the virtual currency market. The highest market value for Ripple was $83.44071B.
Ripple currency traded in a range between $0.51772 and $0.63917 during the last twenty-four hours. Over the past seven days, Ripple has been seen stagnating in terms of values, with only a percentage change. As for the volume of Ripple currency traded in the last twenty-four hours until writing this report, within the $ pair, at 1.40463B, or 1.92% of the total volume of all digital currencies. It has traded in a range between $0.5177 and $0.6569 over the last seven days. On the other side of digital currency trading, Bitcoin was moving at $41,216.9 within the #Investing.com.Index pair, down by a change of 6.59% on the daily level. .
$XRP
#follow To see more breaking news ✅🚀⬇️🔥
Watch out for strong selling in this digital currency.
_#Ripple is the largest holder of XRP, which includes 46.43 billion XRP held in escrow and not yet factored into the circulating supply. On the first of November. Ripple released 1 billion tokens ($610 million) out of 46 billion. Every month, the remaining billion tokens under #Ripple's control are unlocked. However, the company typically keeps only a small share of monthly opens – allocated to its treasury – which is largely oversold in the market. We monitor the public ledger by scanning XRP and reporting #Ripple opens. So far we have identified some patterns in XRP supply inflation. This directly affects the value of digital assets in the long term. As evidenced by the lower price #XRP would trade if it reached its all-time high market value.
$XRP
#follow To see more news and details about digital currencies.
_#Ripple is the largest holder of XRP, which includes 46.43 billion XRP held in escrow and not yet factored into the circulating supply. On the first of November. Ripple released 1 billion tokens ($610 million) out of 46 billion. Every month, the remaining billion tokens under #Ripple's control are unlocked. However, the company typically keeps only a small share of monthly opens – allocated to its treasury – which is largely oversold in the market. We monitor the public ledger by scanning XRP and reporting #Ripple opens. So far we have identified some patterns in XRP supply inflation. This directly affects the value of digital assets in the long term. As evidenced by the lower price #XRP would trade if it reached its all-time high market value.
$XRP
#follow To see more news and details about digital currencies.
1. **#Ripple's Response to #SEC Actions:** Ripple's Chief Legal Officer, Stuart Alderoty, addressed recent SEC actions, asserting that the SEC currently lacks the right to appeal. The company has sought permission for an intermediate #appeal in response to the SEC's request for an interlocutory appeal.
2. **SEC's Appeal Request and Timeline:** The SEC submitted a letter to Judge Analisa Torres, seeking an interlocutory appeal against certain liability rulings in the #Ripple Labs case. Ripple is expected to file its response by August 16, while the SEC plans to submit a briefing by August 18. Alderoty's statement highlights the ongoing legal dynamics of the #case.
$XRP
2. **SEC's Appeal Request and Timeline:** The SEC submitted a letter to Judge Analisa Torres, seeking an interlocutory appeal against certain liability rulings in the #Ripple Labs case. Ripple is expected to file its response by August 16, while the SEC plans to submit a briefing by August 18. Alderoty's statement highlights the ongoing legal dynamics of the #case.
$XRP
Don't Miss This Major XRP Support Level on Daily Chart
#Web3Wallet The cryptocurrency market is abuzz with #Ripple's XRP, as recent price action has caught the attention of investors and traders alike. A crucial support level has emerged on the daily chart, which may be pivotal for XRP's future movements.The $XRP chart presents a notable support level at approximately $0.55, where the 100-day moving average lies. This level has historically served as a strong foundation for the price, offering a springboard for bullish runs. Currently, XRP is testing this region, indicating a potential turning point for the asset.XRP/USD Chart by #tradingview The 50-day moving average is also in close proximity, creating a confluence of support that bolsters the significance of this price zone. The trading volume has seen a slight uptick as prices approached these averages, suggesting that traders are eyeing this level for potential buy orders.Should XRP maintain above this support level, the possibility of a bullish reversal becomes more likely. This would entail a strong close above the moving averages, potentially triggering a wave of buying that could target the next resistance near the $0.70 mark.Recent headlines have highlighted significant $SHIB transfers by Binance, a factor that typically indicates substantial market activity. While not directly related to XRP, such large-scale movements within the crypto space can influence investor sentiment across the board, possibly contributing to a general bullish bias.The SEC's ongoing case with Ripple has created a mixed sentiment in the market. XRP slid by 4.10% on Tuesday, reflecting uncertainty as the SEC gears up for a potential appeal. However, the broader outlook remains optimistic, with Ripple's continued global expansion and adoption fueling investor demand. Recent bullish forecasts also hint at the possibility of XRP reaching the $1 mark in November, drawing from historical performance data.As Ripple prepares for potential legal battles in the Supreme Court, the community is watching closely, as such developments could have significant implications for XRP's valuation.#BTC #bitcoinhalving
