Tags : Lawsuit

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

Market

XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

Liquidations for XRP futures contracts have soared at year’s end as bullish signals in November followed by decidedly bearish news in December whipsawed the token’s price. Over $1.5 billion worth of XRP futures contracts have been liquidated since the start of November, per data from analytics provider Bybt. Barely $700 million in liquidated futures contracts […]Read More