Tag: Ripple

Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?

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A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple attorney from the lawsuit, recent court filings reveal. This comes after a motion was filed earlier in the month for Anna R. Gressel to withdraw as attorney of defendant Ripple Labs. This recent withdrawal has cast a shadow of uncertainty as holders of XRP ponder on the likely impact of this development. Ripple Remains Upbeat Despite Attorney’s Withdrawal According to details in the filing made at the…

SEC appeal could amplify Ripple win, says Ripple Labs legal chief

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Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty. Alderoty believes if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even further. Speaking on a July 26 TechCrunch podcast, Alderoty reiterated his position that the XRP (XRP) token does not constitute an investment contract and that the Ripple team would not “shy away” from any appeal…

Ducati Partners With Ripple, Prepares To Launch NFT Collection On XRP Ledger

Following a long-term interest in Web3, Ducati partnered with payment company Ripple and is set to launch its first non-fungible token (NFT) collection on the XRP Ledger this week. This step is the motorcycle company’s first venture into the Web3 space and blockchain technology. Ducati Delves Into Web3; Prepares To Launch First NFT Collection Ducati, a renowned motorcycle manufacturer established in 1926, is set to enter the world of Web3 by launching its first-ever digital collectibles on the XRP Ledger. The Bologna-based firm believes this step is essential to strengthen…

SEC under scrutiny after Ripple ruling, Polygon, Cardano, and DigiToads soar

In the crypto market, investors and enthusiasts appear interested in Polygon (MATIC), Cardano ADA), and DigiToads (TOADS). These projects were positively influenced by Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC).  This ruling seemed to have opened up new growth opportunities. For investors exploring the broader crypto landscape, keeping an eye on potential projects and understanding underlying fundamentals and market trends could be beneficial.  DigiToads: potential for growth DigiToads has taken a new approach to crypto and the project may offer diverse avenues for users to earn…

Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO

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Coinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials. According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pieces of legislation aimed at providing regulatory clarity on digital assets. The Coinbase CEO reportedly said the Securities and Exchange Commission’s lawsuit against Ripple — in which a court said XRP (XRP) largely did not qualify as a security — “drove a lot of…

Ripple CEO questions SEC’s crypto jurisdiction as Gensler requests more funding

Ripple CEO Brad Garlinghouse has criticized the United States Securities and Exchange Commission’s (SEC) regulation by enforcement approach, questioning the agency’s crypto jurisdiction. Meanwhile, Gary Gensler, the chair of the SEC, has asked Congress for more funding to increase the agency’s oversight of the unregulated cryptocurrency market. Funding, the commission said, is for them to execute their mandate of protecting investors and ensuring markets are fair and efficient. Garlinghouse blasts SEC’s “political power play”  Garlinghouse called out Gensler for what he perceives as inconsistent crypto regulation.  He also said that…

Ripple effect? Stellar (XLM) is catching up to XRP price gains

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Stellar (XLM) is basking in the glow of Ripple’s partial win against the U.S. Securities and Exchange Commission (SEC), up around 60% since the court ruling on July 13. XRP fuels XLM price rally again XLM price has risen over 60% since July 13, when a federal judge ruled that the XRP sales on public exchanges did not break U.S. securities laws. Still, the token is down about 20% from its local peak of $0.195 and was changing hands for about $0.154 on July 23. XLM/USD daily price chart. Source:…

SEC reviews Ripple ruling, US bill seeks control over DeFi, and…

Top Stories This Week Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration U.S. Securities and Exchange Commission Chair Gary Gensler has commented publicly about the recent ruling on the agency’s suit against Ripple, saying the SEC is “still looking at it and assessing that opinion.” Gensler declined to comment further on the case, but said the commission is pleased with the court’s decision stating that XRP was a security when sold to institutional investors, but disappointed with the non-security ruling for retail investors and other…