Tag: Ripple

Ripple CLO and XRP community back SEC commissioner’s LBRY lawsuit dissent

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Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple Labs, and the XRP community have expressed their support on the X app (formerly Twitter) for Securities Exchange Commission(SEC) Commissioner Hester Peirce’s stance against the perceived “injustice” in the LBRY lawsuit. Alderoty showed gratitude toward Commissioner Peirce and suggested that when ongoing injustices occur in non-fraud cases, especially when consumers are still awaiting resolution for actual fraud cases, it might be necessary to disregard standard protocols and raise concerns more vocally and promptly, potentially even by submitting an amicus brief to…

SEC Demands $700 Million Settlement From Ripple, Pro-XRP Lawyer Reveals Next Steps

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The US Securities and Exchange Securities Commission (SEC) and Ripple Labs are expected to proceed to finalize a settlement following the official dismissal of the former’s claims against Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen. In line with that, pro-XRP legal expert John Deaton has revealed how the settlement will play out.  A Settlement Isn’t Going To Be Straightforward In a post shared on his X (formerly Twitter) platform, Deaton mentioned that he doesn’t believe “there has been a single serious conversation regarding settlement” between the SEC and…

Ripple Partners with Uphold to Boost Cross-Border Crypto Payments

The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC.  Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on October 24, will enable Uphold to provide enhanced crypto liquidity capabilities to Ripple, fostering faster and more efficient cross-border transactions for its diverse customers. Ripple Partners Uphold to Provide Fast Cross-Border Payments With this collaboration, Ripple will benefit…

Ripple announces new partnership with global Web3 platform Uphold

In a press release dated Oct. 24, Ripple, the blockchain-based digital payment network, announced its partnership with Uphold. The partnership is said to provide Ripple with improved crypto liquidity capabilities. Preparing for what the future holds As part of the press release, Uphold Chief Executive Officer Simon McLoughlin expressed his enthusiasm for being a vital contributor to Ripple’s service for businesses engaged in cross-border payments.  Uphold’s platform boasts an automated, high-frequency trading stack that integrates with 30 underlying trading venues, which in turn enables the provision of deep liquidity, multiple transaction…

Recovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard drive

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A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for years. In an Oct. 25 open letter, crypto recovery firm Unciphered offered to unlock an IronKey hard drive belonging to Thomas containing 7,002 BTC — roughly $244 million at the time of publication. The former Ripple CTO forgot the information to access the drive, designed to erase its data if an individual enters the incorrect password ten times. So far, the…

Pro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple

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Pro-XRP legal expert Fred Rispoli has shared some expectations following Judge Analisa Torres’ order, where she officially dismissed the US Securities and Exchange Commission’s (SEC) claims against Ripple’s executives Brad Garlinghouse and Chris Larsen.  SEC Can Still Bring Claims Against Ripple’s Executives In a post shared on his X (formerly Twitter) platform, Rispoli noted that the SEC could still file another lawsuit against Garlinghouse and Larsen if they were to appeal Judge Torres’ ruling on the programmatic sales and other distributions and get a judgment in their favor.  His assumption…

SEC Has Just 3% Chance against Ripple if They Appeal XRP Case

Morgan asserts that XRP sales fail to meet at least two of Howey test prongs, making the SEC’s case weak. With the facts apparently not aligning with the Howey framework, he sees little room for the SEC to overturn the earlier judgment. In the ongoing Ripple versus SEC case over XRP, legal experts are assessing the chances of a successful SEC appeal after Judge Analisa Torres granted Ripple a partial win in July. The judge ruled that XRP sales on public exchanges were not unregistered securities deals. Jeremy Hogan, a…

SEC has 3% -14% chance of success in Ripple appeal, lawyers predict

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The United States Securities and Exchange Commission (SEC) has a very slim chance of winning the appeal against Ripple in the ongoing lawsuit, according to lawyer Bill Morgan, who has been closely following the lawsuit. Morgan in a post on X (formerly Twitter) argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple.…

SEC drops charges against Ripple, crypto exchanges address Israel-Hamas war, Bitcoin crosses $30K

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This week, U.S. regulators dropped charges against Ripple’s executives; Coinbase addresses Hamas’ use of crypto; Bitcoin crosses $30,000 amid discussions surrounding spot ETFs. SEC waves the white flag This week, the U.S. Securities and Exchange Commission (SEC) dropped its charges against Ripple’s executives Brad Garlinghouse and Chris Larsen. However, court documents confirmed that this dismissal does not signify the conclusion of the SEC’s case against Ripple.  Both parties are actively engaged in negotiations to address Ripple’s alleged violations related to its Institutional Sales of XRP. They have established a deadline…

XRP price gains 7.6% as SEC dismisses lawsuit against Ripple

Ripple’s price has significantly jumped, increasing by 7.6% to reach $0.517. This uptick in Ripple’s value comes from the U.S. Securities and Exchange Commission (SEC) deciding to abandon its claims against the blockchain company Ripple Labs earlier. XRP price | Source: CoinMarketCap The decision by the regulatory body has been perceived positively by the market, reflecting in the subsequent rise of Bitcoin (BTC) and altcoin prices. At press time, BTC was up 5% to $30,000, while Ethereum (ETH) grew 4.2% to $1,617. Ripple vs. SEC The SEC and Ripple have…