Ripple (XRP) appears to have regained a decent level of bullish sentiment following positive developments from the ongoing legal battle with the SEC and Wrapped announcement. Wrapped recently announced that it would support XRP (wXRP) on the Ethereum blockchain by December. The announcement detailed that the wXRP token will receive backing 1:1 by XRP in […]
Commenting on the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission, Coinbase CEO Brian Armstrong noted that the case appears to be on a better track than anticipated. Citing a Forbes article titled “The crypto uprising the SEC didn’t see coming,” the Coinbase boss tweeted on Monday that: “The Ripple […]
In the latest development on the ongoing Ripple Labs vs. SEC lawsuit, Ripple has filed an opposition to the SEC’s letter requesting a two-month extension on the Court-ordered expert discovery deadline, which would drag the case into 2022. The defendant noted that while it agreed on the deadline for rebuttal expert reports to November 12, […]
One of the top enterprise blockchain and cryptocurrency solutions, Ripple (XRP), recently announced a partnership with Nelnet Renewable Energy through a $44 million joint investment. The official press release noted that Ripple provided a higher share of the investment. The investment would finance solar energy projects across the US as a show of support for […]
Ripple Labs has registered another snack win in its ongoing lawsuit with the US Securities and Exchange Commission (SEC) after US District Judge Analisa Torres granted the status of “amici curiae” to the XRP community in the lawsuit. Prominent XRP advocate and lawyer to the blockchain startup John Deaton also received special status from the […]
In the latest development on the Ripple vs. SEC case, the former has signed a letter responding to the latter’s Brief regarding allegedly privileged documents, which the SEC redacted or withheld. The defendant argued against the Commission’s repetitive “privileged” stance to block discovery and review of evasive and responsive documents to the case. The case […]
Magistrate Judge Sarah Netburn has denied Ripple Labs’ recent motion to compel the US Securities and Exchange Commission (SEC) to present records of its staff crypto transactions to prove that the Commission changed its judgment of XRP being a security. The defendant’s attorneys tried to prove that some SEC employees traded XRP, which would show […]
The Vice President – Head of Financial Reporting at Amalgamated Bank, Andrew Lokenauth argues that Ripple (XRP) would assume the role of “Public Coin” once Ripple Labs concludes its legal tiff with the US Securities and Exchange Commission (SEC). Lokenauth has engaged in public commentary on cryptocurrencies for years and has held critical positions at […]
A new development in the ongoing Ripple vs. SEC Lawsuit has emerged and could lead to a final verdict in the case. The defendant’s first request for admission (No. 99) to the US Securities and Exchange Commission, attached to the recent court filing, revealed arguably the most critical information for the lawsuit. The document revealed […]
