Tag: Ripple

Blockchain Association throws support behind Ripple in SEC duel

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United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the crypto industry.  In an Oct. 28 post, the advocacy group announced it will “stand” with the American crypto economy by filing an amicus brief, also known as “friend of the court” in the SEC enforcement action against Ripple. Nearly two years ago, the SEC announced they were suing Ripple (XRP), former…

Crypto Lobbyist Group Blockchain Association Asks Court for Permission to Support Ripple Against SEC Case

The SEC sued Ripple at the end of 2020 on allegations that it sold XRP as an unregistered security. The case has gone through a number of procedural motions since, and the parties recently filed their motions for summary judgement. On Friday, the Blockchain Association asked the court overseeing the case for permission to join the case, as well as the actual amicus brief. Source

Ripple reports XRP holdings below 50% for the first time

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Ripple Lab’s XRP token holdings have dropped below 50% of the total circulating supply for the first time in the company’s history. Ripple has faced criticism in the past by some that have raised questions over the firm’s significantly large ownership of XRP tokens, arguing that it gives the company centralized control over its XRP Ledger (XRPL). In a Q3 report published on Oct. 27, Ripple once again refuted that criticism, while also pointing out that its XRP holdings continue to decline, falling below 50 billion tokens, or 50% of…

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Snowfall Protocol Has Opened New Investment Opportunities That Is Set To Outperform The Likes Of Theta Network and Ripple!

Place/Date: – October 22nd, 2022 at 9:34 am UTC · 4 min read Source: Snowfall Protocol There are many ways to invest your savings, and since we know how cruel the market can get, we always go for something that is not just secure but also offers many benefits. As such, a crypto token with high-potential and room for growth, considering the future, might be all you need. But why crypto? Because even though it is misunderstood by many, it is still the only thing likely to turn you into…

‘Well worth the fight’ — Ripple counsel confirms Hinman docs are in their hands

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San Francisco-based fintech firm Ripple has inched closer to victory in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). On Oct. 21, Ripple General Counsel Stuart Alderoty confirmed on Twitter that they finally have the elusive documents after “18 months and 6 court orders,” though noted they remain confidential at the SEC’s insistence. “It was well worth the fight to get them,” he exclaimed, adding:  “I’ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC’s tactics,…