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Ripple SEC trial

The SEC Has Officially Handed Over Hinman Docs to Ripple

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The US Securities and Exchange Commission officially turned over Hinman's email messages and docs to Ripple. In December 2020, the regulator sued Ripple over the sale of XRP coins, saying the asset is considered as an unregulated security. During the trial, Ripple asked for docs where William...

Hinman speech XRP

Judge Torres Ordered the SEC to Present Hinman's Speech Documents

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Ripple scored an essential victory in the case with the US Securities and Exchange Commission. According to judge Analisa Torres' decision revealed on Sept. 29, the financial regulator should present documents by Bill Hinman, former director of the SEC's Division of Corporation Finance. The judge...

SEC Ripple XRP

XRP Grows 60% in a Week While the SEC vs Ripple Case Gets Tougher

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Ripple's native token, XRP saw a price increase of around 60% in the last 7 days. Currently, the coin trades at about $0.5 with a market cap of over $25.8 bln. XRP is the 6th largest cryptocurrency at the moment. Replying to one of the members of the XRP community, Ripple CEO Brad Garlinghouse...

SEC vs Ripple news

SEC and Ripple Applied for a Summary Judgment in the Court

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Amid the ongoing SEC vs Ripple case, both parties applied for a summary judgment to get a ruling whether XRP is a security and whether Ripple violated the law by selling coins. Filings were submitted in the U.S. District Court Southern District of New York. These types of applications are filed...

Ripple XRP burn

XRP Burn Launched via Bitcoin Payment App

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A Bitcoin transactions application based on XRP Ledger, SpendTheBits, is a competitor of Lightning Network. SpendTheBits allows spending and receiving Bitcoins instantly. Currently, the application is available in Canada, and it's expected to be launched in El Salvador soon. XRP is used to activate...

Ether Ripple Vitalik Buterin

Vitalik Buterin's Tweet About XRP Started a Debate

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Ethereum co-founder Vitalik Buterin replied to a tweet by Bankless founder David Hoffman about the new crypto regulatory changes in Canada. The rules define that investors are allowed to buy an unlimited amount of Bitcoin, Ether, Litecoin, and Bitcoin Cash. However, there is a $20,000 limit for...

SEC vs Ripple court

SEC vs Ripple: The Court Denies SEC's Motion to Seal

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Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted. Ripple defense lawyer James...

Ripple XRP Brad Garlinghouse

Ripple CEO Says Only the US Considers XRP as a Security

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Brad Garlinghouse, the CEO of the blockchain company Ripple said in a later interview with Bloomberg that the SEC vs Ripple case is going well, and it is playing out. He mentioned that other parts of the US government called XRP a digital asset native to Ripple's technology stack, property, or...

SEC vs Ripple judge decision

SEC’s Sur-Reply Petition Denied by the Judge

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The SEC vs Ripple lawsuit moves forward. US district judge Analisa Torres responded shortly "denied" to the SEC's request to file a Sur Sur-Reply. The purpose of the request was to cite a prior Court ruling from a different circuit striking an entirely different defense. In legal terms,...

Ripple XRP SEC

Ripple Grows While the Lawsuit Continues With the SEC Winning Time

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Ripple continues to grow with its valuation hit $15 billion after buying back its Series C shares from investors. The CEO of the company, Brad Garlinghouse announced that despite the ongoing case, Ripple’s financial position is the strongest ever. Excited to announce @Ripple bought back our...

Ripple SEC Eth docs

Ripple Will Access the SEC’s Docs on Ethereum, Judge Decided

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As per a recent decision by the US Magistrate Judge Sarah Netburn, the SEC will disclose emails related to a speech, in which an ex-official William Hinman stated that Eth isn't a security in 2018. Then, he said that the cryptocurrency is decentralized enough. This speech plays a major role in the...

XRP Brad Garlinghouse Ripple

Ripple CEO Says 2021 Was the Strongest Year for the Company

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A year ago, on December 22, the US Securities and Exchange Commission (SEC) started a lawsuit against the blockchain company Ripple and its executives Chris Larsen, and Brad Garlinghouse. The regulator says XRP, the native crypto of Ripple, is unregistered security, and Ripple Labs wasn't allowed...

XRP Ripple SEC

SEC and Ripple Requested to Extend Expert Deposition Time

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One of the most crucial events in the crypto industry, the lawsuit between the SEC and Ripple continues. On Dec. 10, the parties filed a motion, requesting from the Court to extend the deadline of an expert discovery by three days. For now, the discovery is set to close on January 14, 2022. In the...

Ripple SEC XRP

Judge Asks Whether All People Selling XRP Violated the Law

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John Deaton, the owner of the Deaton Law Firm, tweeted on the SEC against Ripple lawsuit, presenting records from the court. The case, started in December 2020, with the regulatory authority accusing Ripple Labs of the XRP token sale, saying it was unregistered security, takes new turns. During...

Ripple XRP crypto regulations vision

Ripple Released Its Approach to Crypto Regulation

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Blockchain-based payment protocol that developed the XRP coin, Ripple, published its vision of how the crypto industry must be regulated. The team sees the necessity to build a new regulatory system. In the release titled "A Real Approach to Cryptocurrency Regulation", the firm says the...

SEC vs Ripple judge decision

XRP Holders Can Take Part in the Suit as “Amici”

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The SEC against Ripple lawsuit continues. On October 4, U.S. District Judge Analisa Torres announced that XRP token holders can’t take part in the suit as defendants. At any rate, they can assist as amicus curiae, a friend of the court to provide their opinions on legal questions. Token owners...

Ripple XRP NFts

Ripple to Start $250 Million Fund for NFTs

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Ripple Labs, the blockchain company standing behind the development of XRP cryptocurrency, initiated a $250 M fund to encourage creators of NFTs. The firm said on Sept. 29, that Creator Fund will encourage NFT originators by supporting financially, technically and promotions. Digital artists and...

XRP Ripple

XRP Price Surges While the SEC vs Ripple Case Continues

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In the last 24 hours, the price of XRP went up by around 5%, reaching $1.32. The surge happens, while the SEC vs Ripple case continues. The latest update of the lawsuit is that US magistrate judge Sarah Netburn ordered Ripple to handle 1 million missing Slack messages among employees that the...