Tag: Ripple

FTX founder bags 25 years jail term, SEC seeks $2b from Ripple, Bitcoin reclaims $70k

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Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin.  Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot BTC ETFs recorded inflows. FTX founder sentenced to 25 years FTX founder Sam Bankman-Fried received a 25-year sentence in prison. Shortly before the sentencing, the U.S. Department of Justice (DoJ) submitted a document containing 52 statements from victims of the FTX collapse to underscore the damage done by the company’s former CEO. U.S. SEC demands $2 billion from…

SEC Asks Judge to Fine Ripple $2 Billion in XRP Case — Ripple CEO Says ‘There Is Absolutely No Precedent for This’

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ripple Provided Big XRP Price Discounts To Select Investors: SEC

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In the XRP lawsuit, the US Securities and Exchange Commission (SEC) filed its motion for remedies and entry of final judgment against Ripple, proposing a suite of penalties that includes injunctive relief, disgorgement of profits, and a notable $2 billion in civil penalties today. But that’s not the whole story as the 210-page document contains some interesting statements and assertions. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion, and its “Proposed”…

Ripple CEO Responds To SEC’s Shocking $2 Billion Demand

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In a rather shocking development, the United States Securities and Exchange Commission (SEC) has demanded a $2 billion sanction against Ripple. Responding to the startling demands, Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse has taken a firm stance against the agency’s demands, determined to expose the true nature of the SEC. Ripple CEO Criticizes SEC’s Demands Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple recently disclosed in a post on X (formerly Twitter) that the US SEC has petitioned a Judge for $2 billion in fines and penalties against…

Garlinghouse Says SEC to Press Judge for $2B in Fines and Penalties in Ripple Case

Alderoty wrote that the company will file its response to the SEC’s motion next month, adding “As we all have seen time and time again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead … Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple – and the industry at large. We trust the Court will approach the remedies phase fairly.” Source

Ripple, Cardano traders excited by Fezoo’s potential, eyes presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple and Cardano traders are captivated by Fezoo’s promising prospects, turning their focus to its presale amidst a tumultuous crypto market week. The past week reminded investors and traders of the volatility of the crypto market. After Bitcoin (BTC) fell from $70,000, it is estimated that long positions amounting to more than $809 million were liquidated in the past week amid a big market correction. This correction saw Ripple…

Ripple pumps 5% while market is red but Green Bitcoin also soars

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite a downturn in the crypto market, XRP demonstrates resilience with a 5% surge, while Green Bitcoin, a new ICO crypto, gains momentum. A sea of red has swept the crypto market, but XRP has displayed outstanding resilience by pumping 5%. Meanwhile, the new ICO crypto, Green Bitcoin, is also soaring. Its presale surpassed $7.5 million today, with over $500K raised in 24 hours. XRP price pumps amid growing…

Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern

Ripple’s occasional sale of XRP tokens has always been pinpointed as one reason for XRP’s tepid price action. Once again, the crypto firm’s recent offloading of a significant amount of XRP has raised concerns about its negative effect on the crypto token.  Ripple Offloads 240 Million XRP On-chain data shows that Ripple transferred a total of 240 million XRP tokens to an unknown address in two separate transactions. The first transaction occurred on March 5, when it sent 100 million XRP to the address in question. Then, on March 13,…