While Ripple CEO Brad Garlinghouse has remained defiant in the face of the SEC’s lawsuit, the XRP token continues to lose value with multiple exchange de-listings and today a halt to trading on major US exchange Coinbase. Can the XRP price ever recover? XRP holders were in a state of jubilation as the token’s price … Continue reading Can XRP Token Price Ever Recover from SEC Lawsuit Against Ripple?
The official pre-trial court date for the US Securities and Exchange Commission (SEC) ’s lawsuit against Ripple for the sale of XRP tokens has been set. The trial opposing the SEC and Ripple over the sale of XRP tokens will begin on February 22, 2021, and will be hosted via video call. As it is … Continue reading Ripple’s First Court Date for SEC Lawsuit of XRP Tokens Set for February 2021
Ripple CEO Brad Garlinghouse is celebrating President-elect Joe Biden’s decision to appoint Gary Gensler to SEC chair—but the appointment of the former CFTC chair will not make the lawsuit against XRP go away. Former CFTC chair Gary Gensler has now been named as President-elect Joe Biden’s official choice to be the new chairman of the … Continue reading Biden Appointed SEC Chair Gary Gensler is not Going to Save Ripple's XRP Token
If Ripple had dreamt of launching an initial public offering (IPO) previously, those aspirations seem shattered and far away, at least for now. Last year, CEO Brad Garlinghouse had hinted that he was considering the idea of an IPO for Ripple. It seemed as if it was only a matter of time before those plans … Continue reading Law Enforcement Officials Divided on Ripple XRP Outcome as SEC Lawsuit Court Date Looms
The founder of TechCrunch Michael Arrington discussed the Securities and Exchange Commission’s lawsuit against Ripple Labs over XRP. The Commission alleges that XRP is a security, rendering Ripple and its chief executives in violation of federal securities law over the sale of XRP tokens. In order for a cryptocurrency to be classified as a security, … Continue reading Legitimacy of SEC Clampdown on XRP Cryptocurrency Questioned by TechCrunch, but will Tether be Next?
Joe Hall, a former Senior Policy executive at the SEC under the Bush administration, has commented on the Securities and Exchange Commission (SEC)’s decision to sue Ripple for XRP. He, for one, thinks that cryptocurrencies are here to stay. The lawsuit against Ripple has shook the entire crypto industry, as the outcome of the case … Continue reading Regulating Cryptocurrencies like XRP with Securities Laws Not Always the Best Approach – Former SEC Executive
With the pretrial opposing the Securities and Exchange Commission and Ripple fast approaching, a joint letter has been presented by both parties to lay out arguments pertaining to the case. The SEC has accused Ripple of selling unregistered securities through XRP, an accusation that Ripple has vehemently denied. While the SEC considers XRP to be … Continue reading SEC Arguments against Ripple for XRP Case Are Weak, says Law Official
The pretrial hearing between Ripple and the Securities and Exchange Commission is set to happen on February 22. The outcome of this case will undoubtedly have huge repercussions for the cryptocurrency industry, and it may pave the way for how other cryptocurrencies are regulated in the United States. Currently, the SEC is suing Ripple for … Continue reading What to Expect for Ripple and The SEC’s Pretrial over XRP Cryptocurrency
A management plan and a scheduling order for the SEC case against Ripple Labs has officially been approved by the court. The civil case management plan was submitted by both the Securities and Exchange Commission and Ripple. Both parties agreed on a management plan for how the case and the trial of XRP should play … Continue reading Schedule for SEC Case against Ripple Approved by Court, Hearing for SEC Chair Nominee Gary Gensler Set for March
SEC chairman nominee Gary Gensler testified before the Senate Banking Committee as part of his confirmation hearing. Gensler has been tapped by President Joe Biden to chair the Securities and Exchange Commission. Previously, Gensler served as the chairman of the Commodity Futures Trading Commission under the Obama administration and worked for Goldman Sachs for 20 years. … Continue reading What Will Gary Gensler’s Confirmation to The Role of SEC Chair Mean for The Crypto Industry?