Tags : Lawsuit

Regulation

Ripple transfers 60 million XRP even as US SEC lawsuit

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto.  Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly […]Read More

Regulation

Ripple insists on deposing former high-ranking SEC official as part

Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the U.S. Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday. “Mr. Hinman’s […]Read More

Regulation

Odds are the SEC will opt to settle Ripple lawsuit

The Securities and Exchange Commission (SEC) vs. Ripple lawsuit is currently in the pre-trial phase. The purpose is for each party to investigate the facts of the case by obtaining evidence from the opposing party and others through discovery devices. According to Attorney Jeremy Hogan, due to resource pressures, only a small percentage of cases […]Read More

Regulation

Ripple boss appears on Axios calling SEC lawsuit “misguided”

Ripple CEO Brad Garlinghouse appeared on Axios to call the Securities and Exchange Commission (SEC) lawsuit against his firm misguided. Speaking on HBO’s Axios news series, Garlinghouse appeared in good spirits. Referencing the SEC’s non-action over an eight-year period, he even laughing at interviewer Dan Primack’s joke on no give-backs as a defense strategy. Garlinghouse […]Read More

Regulation

Ripple says no trouble in Asia despite SEC lawsuit

Ripple, the blockchain-based payments firm, is in trouble with US authorities but says its Asian business remains unaffected. Ripple going strong Payments firm Ripple claims it has not experienced any unwanted circumstances in the Asia Pacific region despite being pursued by the US Securities and Exchange Commission, as per a report today by Reuters. Ripple […]Read More

Cryptocurrency

XRP price spikes as Ripple pushes back against SEC’s $1.3

The price of now-embattled cryptocurrency XRP surged by up to 86%—just a day after Ripple Labs filed its response to the U.S. Securities and Exchange Commission’s (SEC) $1.3 billion lawsuit hanging over the company’s head. At press time, XRP was trading at around $0.47 per token, up 55.1% on the day. Simultaneously, the crypto’s price […]Read More

Regulation

New class-action lawsuit against Ripple (XRP) filed in Florida

Florida resident Tyler Toomey has filed a class-action lawsuit against Ripple Labs, the blockchain-focused firm behind XRP cryptocurrency, alleging that the company violated the state’s securities laws by selling its tokens. This comes on the heels of the Securities and Exchange Commission (SEC) filing a $1.3 billion lawsuit against Ripple with similar allegations. “This is […]Read More