Crypto News
SEC seeks $2 billion penalty against Ripple in XRP case
Ripple faces colossal $2bn fines as SEC ramps up XRP battle.
Crypto News
Ripple faces colossal $2bn fines as SEC ramps up XRP battle.
XRP
CoinDesk reported Wednesday that hackers accessed several personal XRP wallets belonging to Ripple co-founder Chris Larsen and stole 213 million tokens worth an estimated $112.5 million. Larsen confirmed the breach on social media platform X, stating that law enforcement was notified and exchanges moved quickly to freeze the affected
XRP
Ripple has explored undertaking an initial public offering (IPO) outside of the U.S. due to an unfavourable regulatory environment domestically, the blockchain firm’s CEO Brad Garlinghouse told CNBC. Speaking at the World Economic Forum in Davos, Switzerland, Garlinghouse revealed Ripple has examined alternative jurisdictions with “clear rules of
XRP
The U.S. Securities and Exchange Commission has made a significant pivot in the ongoing lawsuit against Ripple Labs, opting to drop charges against the company’s CEO, Brad Garlinghouse, and co-founder, Chris Larsen, for their alleged involvement in aiding and abetting the sales of XRP. The SEC had previously
Crypto
Gaming giant Roblox has categorically denied recent claims that it was integrating Ripple’s XRP token as a payment option. The confusion arose when BitPay, a prominent cryptocurrency payment service, tweeted that XRP could be used for transactions within games facilitated by Xsolla, tagging Roblox and Smite in its announcement.
Crypto
Update: Ripple has emerged victorious in the legal battle against the SEC. This article has been updated to reflect this significant development. Since December 2020 Ripple Labs, Inc, the company behind the cryptocurrency token XRP, has been embroiled in a lawsuit with the U.S. Securities and Exchange Commission↗︎ (SEC)
SEC
So the drama between Ripple Labs and the US Securities and Exchange Commission continues, The SEC is now looking to appeal a recent court ruling involving Ripple that was a bit of a setback for the regulator’s efforts to oversee cryptocurrency markets. In a letter on Wednesday, the SEC
SEC
Gary Gensler, Chair of the SEC, stated that while the agency was disappointed with the judge’s ruling, it was pleased with the portion highlighting Ripple’s improper sale of XRP tokens to sophisticated investors. Gensler also revealed that the SEC is working on climate disclosure rules and exploring regulations
Bitcoin
Cryptocurrencies have jumped to new heights as a series of positive regulatory actions and strategic investments breathe new life into the previously stagnant market. Bitcoin, reached its highest price since June 2022, surpassing $31,818. With an impressive year-to-date increase of over 90% and a substantial 30% surge in the
SEC
Ripple’s legal victory has triggered a crypto market rally as the company emerged victorious in its three-year legal battle against the SEC.. In a notable judgment, the United States District Court in Southern New York ruled that Ripple’s XRP token should not be considered a security. This victory
Coinbase
Coinbase shares surged by approximately 25% on Thursday after Ripple Labs’ significant legal triumph against the U.S. Securities and Exchange Commission (SEC). In a groundbreaking ruling, a U.S. District Judge sided with Ripple Labs, dismissing the SEC’s allegations that the company violated federal securities laws by selling
SEC
In a significant legal win for Ripple, a judge in the Southern District of New York has ruled that XRP, the company’s token, is “not necessarily a security on its face.” This decision has sparked a surge of more than 30% in the price of XRP, reaching a high
SEC
Last week provided no new developments in the ongoing SEC v Ripple case, leaving XRP in a state of uncertainty. The lack of court rulings or settlement news contributed to a bearish trend for the digital asset. Sentiment surrounding XRP deteriorated after the SEC released documents related to the William
Bitcoin
The cryptocurrency market continues its decline, battered by a combination of factors including the recent ‘hawkish pause’ by the Federal Reserve and the lingering effects of the Securities and Exchange Commission (SEC) cases against leading crypto exchanges, Binance and Coinbase. Bitcoin, the trailblazing cryptocurrency, is feeling the brunt of the
Ripple
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) is set to take an unexpected turn this week as the SEC prepares to release unredacted documents related to a speech given by William Hinman, a former high-ranking SEC official. The release of these documents, scheduled