Tag: Ripple

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…

Ripple Is on a Winning Streak (but the Game Isn’t Yet Won)

For a while, it seemed like Ripple may not even survive. The firm was flush enough (thank you programmatic sales, bay-bee), but no one knew what would result from what is still, arguably, the most significant regulatory action taken against a crypto company to date. Firms like Telegram and EOS were sued, they settled and were given “slaps on the wrist” (relative to amount of money involved). Source

Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the ‘Major Questions’ Doctrine During Legal Imbroglios

Further, in a novel interpretation that has ruffled some feathers, the SEC said thus far the “major questions” doctrine has only applied to strike down “novel regulatory forays,” and most significantly, novel regulatory forays into areas of major “economic and political significance.” Coinbase, the SEC said, “does not have the vast economic or political significance.” Source

Ripple Job Posting Sparks IPO Rumors, Will XRP Price Finally Cross $100?

The Ripple Initial Public Offering (IPO) rumors continue to wax stronger as many expect that the event will push the XRP price upward. Back then, it was mostly just rumors and speculation, but the XRP community has gotten their hands on a Ripple job listing that suggests there might be some truth to the IPO rumors. Ripple Is Looking For A Shareholder Communications Manager In a listing that was shared by multiple influencers in the XRP community, Ripple looks to be on the hunt for a Shareholder Communications Senior Manager.…