on. The ripple effect of the SEC's botched approach to cryptocurrency animates the court case against ...[+] the XRP platform. We are not associated with Ripple.Inc, in any way. ", — yummmmii (@attorneyjeremy1) May 5, 2021. February 17th 2021. All day he is exploring new digital innovations to bring his audience the latest developments. The SEC v.Ripple lawsuit is inching ahead with every passing day. Videos you watch may be added to the TV's watch history and influence TV recommendations. Earlier this month, the courts ruled in Ripple Labs’ favor in a dispute with British company Tetragon. John Kiguru is an astute writer with a great love for cryptocurrency and its underlining technology. Tweet. As a result, Ripple … Ripple XRP: SEC Court Case Update Released: Prospect For Settlement. For now, there is no official announcement on the court’s position. But in a surprising twist, the SEC a few days ago, claimed that those documents were missing. Ripple continues to be locked in a court case trying to establish the status of XRP. Yet, that is exactly what the SEC has done.”. 4. XRP Price Surges 40% to $1.4 as Court Disallows SEC to Access Ripple’s Execs Personal Records. These documents offer Ripple a clear chance to prove that XRP is no different from BTC and ETH. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. By. A Liverpool FC fan. Ripple has been fighting the case that this digital asset is not in any form resembling a security, and should exist outside the scope of the Securities and Exchange Commission. Post navigation. “My prediction is that if Gary Gensler is going to pull back from this lawsuit and instead work for more regulatory clarity – it will happen in the next 2 w Crypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies. Required fields are marked *. A short sample of today's coming full video on XRP, RIpple, Gary Gensler and the Law Suit. The judge is still pondering on this, with Ripple arguing that the SEC should not seek foreign help in this case. Or, it could mean that "someone" decided that there needs to be a new lead counsel. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. If playback doesn't begin shortly, try restarting your device. April 24: SEC asks court to deny Ripple request to stop talking to foreign regulators None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. The lawsuit battle between the United States’ independent agency Securities and Exchange Commission (SEC) is still going, and it continues to gain momentum with the passage of time. Source: Adobe/zimmytws. The digital asset has in the last 24 hours dropped 4 percent and is exchanging for $1.60. By. 16. By Gerelyn Terzo. LIVE UPDATES. Published. In what is the latest salvo to be fired in the ongoing case between the United States Securities and Exchange Commission and Ripple Labs and its execs, the latter parties have now responded to the SEC’s … In what is the latest salvo to be fired in the ongoing case between the United States Securities and Exchange Commission and Ripple Labs and its execs, the latter parties have now responded to the SEC’s 21 April letter. Source: Pixabay. Back in 2018, the SEC classified the two digital assets as “not securities.” Ripple lawyers believe that these documents can reveal the criteria used by the SEC to differentiate a cryptocurrency from security and use the same to prove that XRP is not a security. 9 mins ago. It could mean the SEC just needs more help because Ripple is fighting back hard. To enforce its right as quickly as possible, Tetragon filed a preliminary injunction on Jan. 7. Recently a telephonic conference between both of these parties occurred on the 30th of April, 2021. Read more! Ripple case update: Judge insists SEC produce BTC and ETH ‘missing’ documents By John Kiguru May 7, 2021 No Comments Recent court documents reveal that Judge Sarah Netburn insists that the SEC disclose internal documents discussing Bitcoin and Ethereum. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. Settlement Is Most Likely Outcome in Ripple vs. SEC Case - Attorney. With our XRP breaking news, you always remain in touch with new developing projects making the Ripple XRP network better and you learn how it is rapidly growing day by day. Right after Ripple filed its Memorandum of Law in opposition to the SEC’s motion to strike on Thursday, the regulatory body reverted back with its own Memorandum of Law, one requesting the court to deny the individual defendants’ motions.. Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. In what is the latest salvo to be fired in the ongoing case between the United States Securities and Exchange Commission and, Finally, while asking the Court to order the. Here’s the note I sent to Ripple employees today regarding Ripple’s preliminary legal response to the SEC’s complaint. The same argument has further been applied with Ripple’s latest appointee of a former US treasurer to its board of directors. Litecoin, Solana, Ethereum Price Analysis: 18 May, This differentiating factor for MATIC will affect its price movement, What’s next for XRP’s price following these court proceedings, Doge, BTC, ETH, and XRP: Are these alts helping exchanges like Coinbase ‘over-earn’, Here’s how Dogecoin has fueled one of the biggest ‘bearish Bitcoin dominance cases’. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. April 29, 2021. The XRP Army are putting pressure on exchanges to relist XRP. On Twitter, James Filan states it is likely that the court will support Ripple Labs. SEC v. Ripple case reached a new milestone on Monday as the defendant responded with a letter to the judge. ... utility is “exactly what Ripple wants the court … Bitcoin’s price target despite reaction to Tesla news: Here’s why ‘not much has changed’, Here’s the next phase for Cardano, Ethereum, Chainlink, Polkadot and AVAX. Will the Biden administration’s crypto-confrontation lead to a clash with industry leaders? However one looks at it, the SEC seems to be grappling while Ripple on the other side looks solid. Data protection policy. Finally, while asking the Court to order the SEC to finish the meet-and-confer process, the defendants argued that the agency should also be ordered to produce responsive documents promptly. 01 February 2021. What to do with your bitcoin today, with the price below $40,000? BREAKING XRP RIPPLE UPDATE: XRP Gets RELISTED (#RELISTXRP) & Garlinghouse Talks RIPPLE IPO! Ripple case update: Judge insists SEC produce BTC and ETH ‘missing’ documents, Cardano (ADA) whales spike by 1,231% as the network finds real-world usage, Terra Virtua welcomes marketing veteran Pierre Dadd as new Marketing Director, Ripple partners with Egypt’s largest bank for cross-border remittances, Bitcoin sheds 15% to hit 3-month low as China sends new warning against crypto. What Is The Us Strategy For Cryptocurrencies and Blockchain? The US Securities & Exchange Commission (SEC) has accused Ripple of harassment in the lawsuit. This is expected to be a protracted case, and in between now and its conclusion, we expect several twists, turns, and sideshows. 0. Lavina Daryanani. It is the priority of Ripple Coin News to provide readers with the latest price updates and price analysis of the coin. Contact us The SEC alleges Ripple illegally sold XRP as an unregistered security upon its launch and maintains that the digital asset is a security to this day. SEC Update — Preliminary Ripple Response. Last month, Ripple was celebrating one of its many recent ‘mini victories’. The defendants also reasserted that the SEC’s arguments against discovery of its documents lack merit, with Ripple Labs and its execs adding that the regulatory agency has “also ignored this Court’s unambiguous directive requiring the SEC to produce a privilege log.”. Additionally, the sales have enabled the company to make strategic partnerships and increase XRP liquidity to improve the ODL experience. Now, according to court documents shared by a defense lawyer James K. Filan, Judge Sarah Netburn is insisting that the SEC produce these documents and has further highlighted the important things that must be included in them. Trader lays out 2 possible price scenarios for Bitcoin post its crash; Can Alts like ETH, LTC, ADA, etc, take advantage? In the same, the SEC alleged that Ripple executive Chris … The case was taken to court in 2018 and the consolidated complaint was filed on Aug. 5, 2019. This live blog follows the events that shape up this case. Judge Netburn has sided with Ripple ordering the SEC to withdraw its six subpoenas sent to banks requesting personal financial information from company executives. According to the same, the SEC has “improperly reargued” two legal positions that have already been rejected by the court, namely, the categorical exemption of SEC internal documents and the invocation of deliberative process privilege on a document by document basis. As Stuart Alderoty, General Counsel at Ripple Labs, now revealed a few hours ago, the Delaware court has ruled that Tetragon’s claim of a “securities default” is false, as there is no official ruling on the status of XRP. supply. Some Ethereum’s ‘copy-paste’ alternatives will survive…which ones though? Source: Pixabay. As the case drags on in a US court, traders have started treating the legal proceedings as market indicators. Your email address will not be published. In the last few days, it has also been reported that the SEC has recruited two veteran lawyers from Chicago to help with the case. Tanzeel Akhtar Feb 16, 2021 at 9:51 a.m. UTC Updated Feb 17, 2021 at 5:34 p.m. UTC Although the outcome of the Ripple lawsuit is uncertain, White thinks that a resolution might be made by October of this year (perhaps a short judgment from a federal court). MAJOR XRP RIPPLE UPDATE: XRP To $15 After RIPPLE Client Could SMASH The SEC's CASE! The SEC v. Ripple case is gaining momentum with every passing day. #XRPCommunity #SEC_NEWS v. #Ripple #XRP Judge Netburn issues discovery ruling, confirming earlier ruling and delivers another rebuke to #SEC_NEWS. For well over a year, Ripple has not sold programmatically. February 18, 2021. in Ripple News. Ripple formally responds to SEC lawsuit. About us In it, the company revealed that sales of the digital asset surged by 97%. In the same, the SEC had sought to bar the defendants from seeking “irrelevant, privileged SEC staff material,” claiming that the court had already ruled that they were not discoverable. (Photo by … To avoid this, cancel and sign in to YouTube on your computer. The San Francisco-based blockchain payments firm Ripple has submitted a request regarding Memorandum Of Understanding (MOU), about which the court … on. For instance, the XRP price surged by over 15 percent right after the SEC agreed to remove market manipulation claims against Ripple Labs in February 2020. My guess: the older Chicago attorney will be the new lead, as you don't need a 25 yr. lawyer just to "help out. XRP lawsuit update: Ripple accuses SEC of ignoring Court’s ‘unambiguous directive’. In SEC v Ripple the proposed case administration plan and scheduling order was launched and a part of that doc discloses the present prospect for …. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. You alone bear the risk for your investment decisions. pic.twitter.com/XL5DimVIzb. The increase in XRP sales can be attributed to deeper engagement from key ODL customers. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. The two, Robert MacDonald Moye and Benjamin J. Hanauer have over 15 years of experience each. 6 min read • Stu Alderoty. According to the defendants, “Defendants will suffer prejudice if the SEC does not produce sufficiently ahead of the close of discovery on July 2, 2021, to enable Defendants to follow up with third parties.”, What can traders anticipate with Ethereum Classic in the long and short term, Cardano, Bitcoin Cash, Filecoin Price Analysis: 29 April, Jibin is a news editor at AMBCrypto. In particular, Judge Sarah Netburn granted Ripple access to internal documents on Bitcoin and Ethereum. Ripple XRP: Why Did Ripple Delete RAKBank Tweet & Why Does 22 Maintain Surrounding Ripple & XRP? The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase. According to the report, total net sales climbed from $76.27 million in Q4 2020 to $150.34 million in Q1. The defendants, in a letter dated the 28th of April, have argued otherwise, however. Crypto lawyer Stephen Palley thinks Ripple faces an overarching problem with XRP in terms of its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). What Elon Musk & Tesla did with the SEC Case: Jibin George. The case between Ripple Labs and the SEC continues to make headlines four months after the regulator initiated the lawsuit at the end of 2020. During this time, Ripple has released its financial report highlighting XRP’s performance in Q1 2021. 6. When asked for his opinion on the outcome of the conference, the lawyer shared a two-part tweet, which read: The SEC had 14 days to comply with #Ripple and the court order but refused to release the documents. The suspected outcome. This is going to be an interesting outcome with the #Xrp vs SEC CASE. May 1, 2021. XRP, Bitcoin, Cardano Price Analysis: 19 May, Ethereum Classic, MATIC, VeChain Price Analysis: 19 May, SEC, Ripple, XRP Lawsuit update: This is ‘something obviously the SEC does NOT want to see happen’, Three reasons why Chainlink’s price will head this way, Matic & Loopring: Why these projects matter to Ethereum’s performance. A lawyer says Ripple would be "feeling pretty good" with comments from a judge in the SEC's case against the firm and its executives. The lawsuit is currently in the middle of a heated “discovery battle,” with both sides gathering evidence to strengthen their positions. Author: Jordan Lyanchev. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. In all this, there is still the issue of the SEC contacting foreign entities without informing Ripple. There has been yet another development in the ongoing lawsuit filed by the U.S Securities and Exchange Commission against Ripple Labs. This Ethereum metric hasn’t budged despite the price drop! XRP has for the last few weeks been on pause. Save my name, email, and website in this browser for the next time I comment. The content of this website solely reflects the subjective and personal opinion of the authors. Ripple (CCC: XRP) just can’t stop winning when it comes to its SEC lawsuit.The latest updates appear positive for the crypto company and its XRP token. Last Updated Apr 10, 2021 @ 16:34. Hi Ripple team, Since the SEC filed its complaint at the end of December, its side of the story has been the only one shared publicly. April 09, 2021. Especially since the SEC has in testimony said that only RIPPLE could be looking at charges, not others who sold XRP! With each development, it seems Ripple is getting closer to either a settlement or court dismissal. Another XRP case update: The SEC charges XRP holders… Why this critical Ripple defence may be tossed out… 15 People Plead Guilty in Bitcoin-Powered Fake Auctions Case; Crypto players plead presidential pardon case for… Ripple: Since the XRP case was first filed, here is… How crypto asset tracing is changing the game for… Legals What’s more, Ripple also accused the SEC of filing a “motion for reconsideration,” despite committing twice to providing a written response to ongoing discussions. + DOGE = MOON! After Due Diligence New XRP Believer Buys, Ripple #1 Trans Volume SBI Remit Now in 13,400 ATM's. Jan 29, 2021. YNWA, Your email address will not be published. Citing the court’s 6 April order which allowed the defendants’ motion in “large part,” the defendants have now argued, “Its [Court’s] statement that the SEC had an “obligation” to produce a privilege log were not invitations for the SEC to tell Defendants that it will produce nothing, log nothing, and reargue its opposition to any internal document discovery at all. Who knows, this could be history in the making. As a result, earlier this week, it was flipped by DOGE with the meme coin now the fourth largest cryptocurrency in the world. February 19, 2021. According to many in the community, these are reinforcements, brought in as the SEC’s case is crumbling. Recently, Magistrate Judge Sarah Netburn granted Ripple’s motion to keep the records of … In this case, the XRP community argues that the new board member must have done her research on the case and would never join the company if the case was swaying against it.
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