Search Results for: WEY

Ripple’s Brad Garlinghouse and Chris Larsen File for Motion to Dismiss SEC Lawsuit

Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have filed for a motion to dismiss lawsuits they have received over XRP. Following the SEC’s amended complaint towards the firm, both lead executives have appealed to District Court Judge Analisa Torres, filing for a motion to dismiss the lawsuits they have both been served with by … Continue reading Ripple’s Brad Garlinghouse and Chris Larsen File for Motion to Dismiss SEC Lawsuit

Attorney Batting for XRP Investors to Join SEC Case to Refile Motion to Intervene

The opportunity for XRP holders to join the lawsuit opposing the Securities and Exchange Commission (SEC) and Ripple Labs may not be gone after all. This week, Federal Judge Analisa Torres – the official responsible overseeing the SEC case to determine whether XRP should be regulated as a security in the US – dismissed XRP … Continue reading Attorney Batting for XRP Investors to Join SEC Case to Refile Motion to Intervene

SEC Justifies Why It Wants to Access Ripple Executives’ Personal Financial Records in XRP Case

The Securities and Exchange Commission (SEC) filed a motion with the Court last week, seeking personal financial information of both Ripple officials – co-founder Chris Larsen and CEO Brad Garlinghouse. Following the request, both Ripple lead executives moved to block the six subpoenas the SEC sent to six banks, protesting that the request was a … Continue reading SEC Justifies Why It Wants to Access Ripple Executives’ Personal Financial Records in XRP Case

Crypto Exchanges Not in Violation of Securities Laws by Listing XRP, Implies SEC Lawyer

The discovery hearing between the Securities and Exchange Commission and Ripple Labs may have tipped the scale in the latter’s favour. During the hearing, Magistrate Judge Sarah Netburn responded to Ripple CEO’s attorney Matthew Solomon to remark on XRP. She said: “My understanding of XRP is that not only does it have a currency value, … Continue reading Crypto Exchanges Not in Violation of Securities Laws by Listing XRP, Implies SEC Lawyer

SEC Commissioner & ‘Crypto Mom’ Hester Peirce Suggests Plan to Determine Whether an Asset is a Security

“Crypto Mom” Hester Peirce is not the biggest fan of using the Howey Test to determine whether crypto assets are securities. The Howey Test was birthed around 1946 and is frequently used to this day by the Securities and Exchange Commission and the court to determine whether an asset is a security. Its origins stem … Continue reading SEC Commissioner & ‘Crypto Mom’ Hester Peirce Suggests Plan to Determine Whether an Asset is a Security

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher. In an interview with Bloomberg, Larsen revealed what has been holding XRP back, in his opinion. He pointed to the lack of regulatory clarity as being the main reason preventing XRP from gaining more traction. He said that that was the … Continue reading Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

MoneyGram International Inc has partnered with the Stellar blockchain network to enable instant money transfers using Circle’s USDC stablecoin. Traditional cross-border payments giant MoneyGram announced on Wednesday, October 6, that it is working with the Stellar Development Foundation to launch the new service. Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, talked … Continue reading Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

Ethereum's Vitalik Buterin Teases "Soulbound Tokens" for Decentralized Society

As the anticipation for Web3.0 is mounting, so does the Ethereum blockchain is preparing for the future. In projecting what the future holds, Vitalik Buterin, the face of the project has teased about the emergence of “Soulbound Tokens (SBTs).”  Vitalik, alongside Glen Weyl and Paul Ohlhaver detailed in a 37-page paper that the concept of … Continue reading Ethereum's Vitalik Buterin Teases "Soulbound Tokens" for Decentralized Society

Ethereum Under Potential SEC Scrutiny after The Merge: WSJ

Ethereum’s latest software update may have caught the Securities and Exchange Commission (SEC) chair’s attention to categorize the second-largest cryptocurrency as a security, according to a report from the Wall Street Journal (WSJ). Chair Gary Gensler shared his comments hours after Ethereum’s successful update, known as The Merge, which shifted its framework from proof of … Continue reading Ethereum Under Potential SEC Scrutiny after The Merge: WSJ

Legal Battle between Ripple Labs and SEC Seek End Game

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