D. George Nethercutt Jr. The ruling could have implications for the crypto industry and the SEC's enforcement of securities laws. court ruled that Ripple's XRP tokens are not securities when sold through exchanges and algorithms, but are when sold to institutions. Ripple case in the spotlight. Published: Mar 4, 2024, 02:17 GMT+00:00. Securities and Exchange Commission will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing on Wednesday. XRP News Today: SEC vs. crypto case-related news, and BTC-spot ETF-related updates are the focal Dec 5, 2022 · Ripple's founders created XRP in 2012. The ruling by U. 3 billion Nov 8, 2023 · XRP slid by 4. (Reuters) - In a showdown over privileged documents in the U. With improving metrics and growing speculative interest, XRP seems poised for a comeback in the crypto market’s top 10. Listen. By: Bob Mason. Court critiques SEC's inconsistent crypto regulation approach, urging clearer guidelines. Securities and Exchange Commission’s (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company Dec 29, 2023 · Specifically, at the year’s turn, the XRP community was on the fence about the lawsuit’s future, with a poll shared by attorney John Deaton showing that 59. 60 mark. J. Securities and Mar 6, 2023 · Ripple asked U. While some in the crypto community saw this as a possible sign of progress in the long-running legal battle, prominent XRP lawyer Bill Morgan has quickly moved Mar 26, 2024 · The case began in December 2020 when the SEC filed suit against Ripple Labs and its executives, alleging that they violated federal securities laws by selling XRP to both institutional and retail Sep 9, 2023 · The SEC vs. Apr 11, 2024 · XRP reversed the pre-CPI Report losses, climbing to a session high of $0. Its native token, XRP, provides users with on-demand liquidity to make cross-border payments in different fiat currencies. Securities and Exchange Commission (SEC) and Gary Gensler after the securities regulator filed to dismiss the controversial Debt Box lawsuit to avoid potential sanctions and penalties for misleading the court to secure a restraining order and asset freeze against crypto firm Mar 25, 2024 · A federal judge ruled last year that Ripple violated federal securities laws in directly selling XRP to institutional "The SEC plans to ask the Judge for $2B in a case that involved no Nov 30, 2023 · Today's confidential SEC meeting fuels speculation of potential resolution in XRP case. 1% in the last 24 hours after reclaiming the $0. 40% price increase in the past 7 days. Ripple CEO reacts. XRP price rebounds 58% amid SEC settlement hopes, surging to $0. The lengthy legal battle between Ripple and the United States Securities and Oct 20, 2023 · According to pro-XRP lawyer John Deaton, the LBRY case highlights the consequences of the industry overreach by the SEC. W. This move gave Ripple an extra week for the initial Dec 22, 2020 · Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. (Some people use “Ripple” and “XRP” interchangeably when they talk about the cryptocurrency. Ripple Legal Woes Trigger XRP Volatility Mar 17, 2023 · XRP is up 2. However, hopes were quickly dashed when the SEC canceled a private meeting with Ripple, causing XRP to drop by 3. 4 billion by selling XRP in violation of investor-protection rules, while its co-founder and chief executive Sep 18, 2022 · Ripple maintained that XRP sales and trading did not meet the tenets of the Howey Test, a U. The XRPL architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset. 2% believed a settlement would happen, while 40. Howey Co. Currently Mar 9, 2024 · If XRP breaches 70 cents, it could rally towards its all-time high of $1. 3 billion unregistered securities offering through sales of the XRP Mar 22, 2023 · The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would win its prolonged legal battle with the U. Crypto market forces weighed on XRP as investors await a court ruling on the SEC v Ripple case. XRP’s Aug 17, 2023 · It it will take months or even years before the issues at the center of the SEC’s case against Ripple are resolved. Attorney Fred Rispoli, a Ripple (XRP) advocate, has given a timeline for when Oct 19, 2023 · The agency said in court papers it is dropping claims that Ripple Chief Executive Brad Garlinghouse and co-founder Chris Larsen aided and abetted sales of the cryptocurrency XRP which a judge has Mar 2, 2024 · The SEC’s case against Ripple Labs began in December 2020 when the regulator accused the company, of conducting a $1. the price of XRP tokens is up 65% and other popular tokens Oct 5, 2021 · The XRP holders including Deaton's daughter, Jordan, said in their bid to intervene in the case that the token lost $15 billion in value when crypto exchanges in the U. Delivering a split decision on competing summary judgment motions, the court Mar 10, 2024 · XRP hovered above the 50-day and 200-day EMAs, sending bullish price signals. The SEC sued the San Francisco-based company and its current and former chief executives in December 2020, alleging they have been conducting a $1. Jan 31, 2024 · XRP slid by 4. Id. District Judge Analisa Torres of Manhattan in the SEC’s case against XRP May 8, 2024 · This price le­vel reflects XRP’s brie­f touch in July 2023 after a positive deve­lopment in the SEC case. May 8, 2024 · XRP declined by 2. Jul 28, 2023 · Earlier, crypto analyst CoinsKid shared an opinion that XRP could hit the $6 price by the end of 2023. 10% on Tuesday, ending the session at $0. SEC is set to convene a confidential meeting today to address crucial matters, with a keen focus on resolving ongoing legal disputes. The lawsuit didn’t exactly come out of nowhere. However, the latest meeting that was scheduled to take place on July 18 is canceled due to unknown reasons, impacting the XRP price. As the cryptocurrency community continues to wait for the final outcome of the prolonged and widely publicized court battle between the United States Securities and Exchange Commission ( SEC) and blockchain company Ripple, the two opposing sides continue to throw motions at each other. The lawsuit’s resolution could be crucial for XRP’s price, with previous legal victories for the company prompting notable surges. Securities and Exchange Commission’s bid to appeal its ground-shaking loss against Ripple, the crypto company associated with the XRP token. In reaction to the SEC’s latest legal tactics, Ripple’s General Counsel, Stuart Alderoty, was openly critical of the SEC’s tactics and suggested it Aug 17, 2023 · The case is a major testing ground for the SEC’s belief that it has jurisdiction over most cryptocurrencies, which agency leaders say should be regulated similarly to stocks and bonds. 6247. Following a 1. “Those portions of Ripple were wrongly decided, and this court should not follow them. Photographer: David Talukdar/Moment RF. XRP is the most scalable digital asset. The majority of Ripple's XRP supply is in escrow. Mar 5, 2024 · The Seattle judge, however, did not cite another high-profile 2023 crypto decision, a summary judgment ruling by U. With key dates looming and settlement whispers circulating, the crypto community awaits a potential resolution in the long-running case. Mar 20, 2024 · The Ripple v. July 13, 2023), holding Mar 25, 2024 · March 26, 2024 at 7:34 AM PDT. ET. August 17, 2023 Mar 9, 2024 · Key Points: XRP declined by 1. 3563. 5111. Securities and Exchange Commission’s epic battle with Ripple Labs Inc, the blockchain Jun 11, 2024 · XRP is the cryptocurrency of Ripple Lab's and has ridden a wave of highs and lows since its inception. , including Coinbase May 17, 2023 · As such, XRP traders should brace for a correction in Ripple price. 4599 . 3 Jul 13, 2023 · Other developers have built software products that use the XRP Ledger, such as payment-processing applications. Price as of July 17, 2024, 6:21 a. 7047 resistance level into play. District Judge Analisa Torres was the first win for a cryptocurrency company in a case brought Jul 19, 2023 · Judge Analisa Torres, who presided over the case, approved the SEC’s motion with regard to institutional sales of Ripple’s XRP token, meaning that the cryptocurrency is a security when used Feb 22, 2024 · SEC v Ripple and Coinbase case-related news and updates from the OIG investigation need consideration. XRP is the fastest, most scalable digital asset. In a pivotal turn of events, the U. (11. 5250. Ripple case climaxes, the cryptocurrency market witnesses a significant sell-off of XRP tokens while prices climb. Currently trading at $0. Howe­ver, Carter belie­ves XRP will surpass this resistance and re­ach a mid-term Mar 29, 2024 · XRP advanced by 2. Its five-year track record of reliable technology and governance makes it ready for Jun 7, 2023 · Cryptocurrency Jun 7, 2023. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event Jul 13, 2023 · XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data. fumed in an article that the action against Ripple is “a glaring example of regulatory overreach. 2:08. XRP tracked the broader market into negative territory, though uncertainty about the SEC v Ripple case contributed to heavier losses. While the cryptocurrency community awaits the release of controversial documents as part of the lawsuit that the United States Securities and Exchange Commission ( SEC) has filed against blockchain company Ripple, a lawyer has highlighted the agency’s lack of evidence to support XRP as an investment contract Sep 19, 2022 · The SEC sued Ripple in December 2020, saying the company illegally raised almost $1. 90% price increase in the last 24 hours and a 22. 6450. Ripple Labs Inc. $0. Jul 13, 2023 · For context, the SEC case against Ripple has been in court since December 2020, when the agency sued the company and its two executives Brad Garlinghouse and Chris Larsen for raising $1. S. 2. 23% on Monday, closing the session at $0. 61. Cryptocurrency exchange Coinbase delisted XRP in January 2021 after the SEC filed its case against the Ripple network. May 6, 2024 · As the US Securities and Exchange Commission (SEC) vs. On Tuesday, SEC vs. 058608 today with a 24-hour trading volume of $2,240,839,984. Supreme Court case that has acted as a way to determine whether something is a security for the last Mar 7, 2024 · Today's Change. Mar 19, 2024 · XRP rallied 4. Ripple leverages Binance's recent court victory to challenge SEC's stance on XRP sales. While the official announcement from the regulator does not explicitly mention Ripple Oct 23, 2023 · XRP/USD four-hour chart. 3 billion May 7, 2024 · However, market sentiment remains optimistic, with the final decision in the Ripple Vs SEC case expected to serve as a significant catalyst for a potential rally in XRP price. Unsurprisingly, Ripple’s heavyweight XRP response and upcoming developments. Amidst the legal showdown, a notable transaction by a mysterious whale has intensified market reactions and volatility. By Sahil Mahadik. Ripple case. With rising network activity and bullish momentum, XRP eyes a potential breakout to $1. Ripple case may conclude by July 31 or July 13. While the crypto community eagerly awaits the case’s outcome, analysts anticipate a final judgment around September. Coinbase case as the focus returned to the SEC vs. Ripple Case Outcome Predictions Unveiled. RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing,and settlement of financial transactions. The SEC Jun 1, 2021 · Commentary On the Case by Alison Frankel. District Judge Analisa Torres to consider the decision when she rules in the SEC's case accusing the company and its current and former chief executives of conducting a $1. District Judge Analisa Torres in Manhattan to let a federal appeals court review her July 13 decision, in which she said the sale of Ripple's XRP Ripple XRP Case Update: The U. Ripple placed 55 billion XRP into a cryptographically-secured escrow account. 6212 before easing below the $0. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the Feb 21, 2024 · The legal battle between Ripple and the U. A break above the $0. 6354 resistance level would bring the $0. The case could influence the future classification of Jul 5, 2023 · In a major development in private crypto litigation, a California judge last week certified a class of U. Current Price. A federal judge has rejected the U. 13% decline on Friday, XRP closed the session at $0. On July 18, anticipation of a settlement between the SEC and Ripple briefly sent XRP prices higher. SEC activity, SEC vs. Ripple has also funded companies as part of its “Xpring” initiative to incentivize the development of other use “cases” on the XRP Ledger. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless May 8, 2024 · He expressed optimism about resolving the XRP lawsuit. The total crypto market cap Jun 27, 2022 · Despite the reversal, XRP steered clear of the First Major Resistance Level at $0. S Aug 9, 2023 · The U. ¶¶ 58–59. 8% expected a verdict after the court granted a motion for crypto investment firm Paradigm to join the case. Mar 21, 2023 · The firm had also received a donation of 80 billion XRP in the early 2010s (worth around $30 billion at present) to develop use cases—some of which it sold off. Securities and Exchange Commission (SEC) will no longer Jun 28, 2024 · Correction (June 28, 2024, 22:00): Clarifies nuance in second paragraph about how Judge Phyllis Hamilton described XRP transactions in the lens of the case she's overseeing. By Allyson Versprille. 5350 handle would support a fall toward the $0. Investors reacted to court action against the SEC over the SEC v Debt Box debacle. are driven largely by news, popularity, and in the case of XRP, court decisions,” says Jul 20, 2023 · The U. Securities and Exchange Commission (SEC) has rescheduled a closed meeting, prompting speculation about its potential impact on the ongoing Ripple case. ¶ 59. Securities and Exchange Commission (SEC) alleged that Ripple, the blockchain developer . 5271, XRP’s price has dipped following the legal turmoil, with indications that positive developments in the lawsuit could propel prices to at Dec 5, 2023 · Ripple Labs Inc. Oct 7, 2017 · By contrast, XRP is specifically about the transfer of value and built for enterprises, making it one of the few digital assets with a real, clear use case behind it. was a landmark Supreme Court case in 1946 that aids in determining whether a transaction falls within the Securities Act of 1933’s definition of an investment contract. Jun 9, 2024 · SEC v. 90, especially with a favorable SEC judgment. In 2020, the U. With a circulating supply of 56 Billion XRP, XRP is valued at a market cap of BTC481,567. 54, XRP remains above key EMAs. Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U. Y. December 5, 2023 - On July 13, 2023, Judge Analisa Torres issued a summary judgment decision in SEC v. Also Read: Top 3 Price Prediction Bitcoin, Oct 19, 2023 · The case is seen as one of the bellwethers in the ongoing dispute between the crypto industry and SEC in what defines a security. On Dec 23, 2023 · An XRP move through the $0. 13% on Friday, ending the session at $0. , 2023 WL 4507900 (S. The Feb 28, 2024 · SEC’s Extension Request. Ripple was a court case in the United States Southern District Court of New York. XRP Price Could Reach $1 On Record High Ledger Activity. The dire case would be a resumption of the May 16 lows around $0. should pay more than $2 billion in fines and penalties for selling its XRP token to institutional investors, the US Securities and 4 days ago · Ripple XRP Case Update: The speculations over a secret settlement have soared recently as the U. Securities and Exchange Commission (SEC) announced a closed-door meeting. 6209. SEC vs. The SEC outlines the previous approval by Judge Sarah Netburn on February 5. 6354 resistance level would support a move to the March 5 high of $0. Senior District Judge Phyllis Hamilton to limit the case to U. Mar 25, 2024 · March 25 (Reuters) - The U. Ripple case ruling overshadowed the updates from the quarterly XRP Markets Report. However, XRP trailed the broader crypto market, with the SEC v Ripple case a Jul 14, 2023 · Photo illustration: Adam Adada/Xingpei Shen. 62 handle. crypto case-related news Jul 3, 2024 · Attorney Fred Rispoli predicts the SEC vs. XRP remained below the 50-day EMA while holding above the 200-day EMA. The price of XRP (XRP) is BTC0. 11% on Sunday (May 19), ending the session at $0. 10%) $0. Investors dusted off the ruling from the SEC vs. After the reply briefs, the parties and third parties are to file letter motions and opposition related to sealing details in the filings until May 20. 3649 support level. 82% . ”. 49% on Tuesday, ending the session at $0. However, maintaining support at 58 cents is crucial for sustaining its bullish momentum. This represents a 0. N. 6387. Jul 29, 2021 · Former Rep. Jul 3, 2023 · Defense attorneys from King & Spalding and Debevoise & Plimpton hemmed in the potential global scope of the class by convincing U. Key Points: XRP declined by 2. Aug 1, 2023 · Rakoff’s decision also has no bearing on his colleague’s conclusion that XRP is not a security in most cases, so Ripple is still in the clear for now. SEC case over XRP’s legal status nears its trial on April 23, following a joint letter regarding trial preparations. Deaton criticized the SEC for picking on a small American company, which Jun 1, 2023 · The XRP-SEC lawsuit continues, with XRP scoring a win, but the key of the matter remains whether XRP is a security or just digital code. May 6, 2024 · SEC case as parties could confer on potential penalties for XRP institutional sales and reveal terms of potential settlement. The SEC filed the redacted version of its reply brief, putting the SEC vs. Even at a price of less than $1, XRP could be a riskier investment than you might think. Intense disputes mark start May 20, 2024 · Key Points: XRP fell by 2. The U. The EMAs affirmed XRP (XRP) price has increased today. 6856. Securities and Exchange Commission (SEC) has entered a critical phase as the discovery deadline closed yesterday, February 20. 07. Jul 13, 2023 · A U. WASHINGTON—A cryptocurrency company defeated a significant part of the Securities and Exchange Commission’s enforcement case over its sale of more Jul 7, 2023 · An outcome favoring Ripple could be benefitial for XRP, while a SEC win is likely to extend the current legal uncertainties over the asset as the payment giant is expected to appel the case in the Jul 13, 2023 · A judge in the SEC's case against Ripple has ruled the sales of XRP to institutional customers were unregistered securities offerings, even though the token itself may not meet the test for a May 30, 2024 · SEC case update as of May 30, 2024. Jun 19, 2023 · Ripple is a payment processing network that uses blockchain technology to improve international money transfers. 05%. Jan 31, 2024 · XRP News: Pro-XRP attorneys including John Deaton criticized the U. Usually, the trend changes bullishly with support at the second bottom, allowing buyers to take control. However, a drop below the $0. 6206. 5092. 83% on Tuesday (May 7), ending the session at $0. Uncertainty about the SEC vs. The case, brought by the Securities and Exchange Commission, is one of the RippleNet. 68% on Sunday, ending the Jul 13, 2023 · The SEC’s lawsuit aimed to compel Ripple to cease the offering of its XRP token, asserting that it qualified as a security and thus necessitated additional regulatory measures. ) Jul 13, 2023 · Ripple’s XRP token was an investment contract when the company sold it to institutional investors, a judge ruled today. Ripple Labs, a case that will likely have substantial ramifications for crypto industry developers, securities practitioners, investors and token purchasers. 11% on Thursday, closing the session at $0. 70. m. XRP bucked the broader market trend for the second session. Investors locked in profits, with uncertainty about the ongoing SEC v Ripple case leaving XRP trailing the broader Jul 13, 2023 · A three-year court battle between Ripple Labs, the developer of the Ripple blockchain, and the Securities and Exchange Commission took a major turn, with a federal judge ruling that the network Aug 11, 2023 · In a letter on Wednesday, the SEC asked U. A double bottom is a bullish pattern that appears after a prolonged downtrend. According to the complaint, in addition to structuring and promoting the XRP sales used to finance the company's business, Larsen and Garlinghouse also effected personal unregistered sales of XRP totaling 3 days ago · For XRP this improved regulation is a good sign because as more and more countries implement regulations more and more of their partner financial institutions will be open to using Ripple’s services on the XRP Ledger, a use case we should continue seeing growing in the Ripple ecosystem in 2026 as money remittance increasingly becomes the main On Saturday, XRP slipped by 0. 420. “Contrary to Ripple’s assertions, much of the ruling supports the SEC’s claims in this case,” read the documents, adding that Ripple's practices conflict with the Howey test. Following the ruling, Ripple CEO Brad Garlnghouse stated that at the onset of the lawsuit in 2020, the company was confident it was on the right Jul 14, 2023 · The judge's ruling in the Ripple case has sent crypto prices soaring as, for now at least, the regulatory horse has left the barn. purchasers of XRP digital assets in a case accusing XRP’s issuer, blockchain company Nov 5, 2023 · This assessment considers the potential consequences of the XRP The people who’ve argued that the SEC got a 50-50 victory in the @Ripple case are wrong. 42 was tested. A lack of SEC v Ripple case-related news left XRP in negative territory as the November 9 deadline looms. Follow. In the case of XRP, this rebound commenced as soon as the anchor at $0. Edited by Nick Baker Jul 12, 2024 · The final ruling in the case is expected on July 31, with significant implications for the cryptocurrency industry. More recently, crypto market expert Cryptoinsightsuk listed five potential price outcomes for the XRP token post-SEC case, including a mini bull run to $10-$15, a similar smaller pump, a further pump to $20-$30, a complete moon mission, or Oct 3, 2023 · Unmute. District Court for the Southern District of New York issued its long-anticipated opinion in SEC v. 5042 support Jul 22, 2023 · AD. Friday’s filings against Terra and Do Kwon show that the SEC Jun 9, 2023 · XRP-friendly lawyer Bill Morgan, a consultant at Morgan Mac Lawyers, also opined that the Ripple case could have an influence over the Binance and Coinbase cases. Apr 23, 2024 · Ripple Labs filed its opposition on Monday against the U. Advertisement. Despite a retreat to $0. Ripple Labs, Inc. In a formal request to Judge Torres, the SEC requested to push the deadline for its remedies-related opening brief from March 13 to March 22, 2024 over the scope of discovery with Ripple. It was more like 90-10 in Ripple’s Apr 8, 2024 · XRP price trends reflected investor concerns regarding the case, with XRP sitting below the $0. 6689. vo ci pc vj ih hd et jw uf ao