After suffering a 16.84% drop in the past week, XRP lost its key support level at $0.54 and almost became a sub-50-cent token. However, buyers took the risk and managed to restore the value of the token to almost this important price level.

For close to four years, the price of XRP has faced an almost unending drawdown. This is because of the U.S. Securities and Exchange Commission (SEC) lawsuit, which has triggered bearish sentiment for the coin.

Lawsuit could establish a precedent for classifying digital assets in the future.

Ripple files a cross-appeal against the SEC, sparking a 2% XRP price surge amid ongoing cryptocurrency regulatory battles.

In an interesting development in the SEC lawsuit, Ripple announced yesterday it had filed a cross-appeal of Judge Torres's final judgment, which was entered on Aug. 7, 2024.

The crypto market has witnessed mixed price actions over the past few sessions, leading to considerable investor speculation. Bitcoin (BTC) continued to trade below $61,000 and registered a marginal drop over the past 24 hours.

Crypto derivatives exchange Bitnomial has sued the United States Securities and Exchange Commission over the agency's attempt to “overextend its jurisdiction” to crypto derivatives. In the lawsuit filed on October 10, Bitnomial accused the SEC of trying to claim regulatory authority over the crypto exchange's planned offering of XRP Futures contract.

The SEC had warned Bitnomial that offering XRP Futures could violate securities laws without additional compliance.

Bitnomial Exchange, LLC has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners on October 10, contesting the SEC's claim that XRP is a security.

The US SEC has refused to back down on the security status of XRP, despite a court ruling finding that the crypto is “not a security.” Recently, the leading crypto derivatives exchange, Bitnomial has sued the agency over its claims that the crypto's futures are “security futures”.

XRP faces key resistance at $0.56, but will bulls spark a recovery now?

Bitnomial, a digital asset derivatives exchange, has filed a lawsuit against the US SEC over its attempt to assert jurisdiction over the planned XRP Futures contract. It claims that this product is regulated by the CFTC and not the SEC.

In the latest update in the Ripple vs SEC lawsuit, the company is about to file a cross-appeal much before the SEC's filing an appeal in the last week. The Ripple CLO ensure that with this move, nothing should be left on the table.

This week, we examine Ethereum, Ripple, Binance Coin, Toncoin, and Shiba Inu in greater detail. Ethereum (ETH) While Ethereum had a volatile week, its price held well and closed it with a 1% gain.

In the lawsuit, Bitnomial has challenged the SEC's assertion that XRP futures contracts fall under its jurisdiction as “security futures”.

XRP whales nabbed significant investor attention on Friday, moving millions of coins after Ripple filed a cross-appeal against the U.S. SEC in the XRP lawsuit. Recent on-chain data suggests that nearly 81 million coins were sent to crypto exchanges over the past day, raising market concerns despite the recent filing that supports the American blockchain

Ripple's Chief Legal Officer recently announced that the company has filed a cross-appeal, aiming to close any remaining issues.

Among the novelties, there is the integration of XRPL for the tokenization of RWA.

Here's the latest update on the Ripple v. SEC front.

Ripple announced several updates to its Ripple Custody platform on 10 October 2024, aimed at enhancing the infrastructure used by fintechs and crypto businesses to manage digital assets.

The SEC said that XRP is a financial security and requested Bitnomial to register as a national securities exchange, according to the filing.

On 10 October 2024, Bitnomial Exchange LLC filed a complaint in the United States District Court for the Northern District of Illinois, seeking declaratory and injunctive relief against the U.S. Securities and Exchange Commission (SEC).

Crypto derivatives platform Bitnomial has sued the United States Securities and Exchange Commission over its claim that XRP futures are securities and subject to the agency's jurisdiction. In an Oct.

Bitnomial, a digital asset exchange, is pushing back against the SEC. The SEC says that XRP futures should be treated as securities. Bitnomial disagrees. This legal fight could have big consequences for crypto trading in the U.S. Let's break it down.

According to Bitnominal, a CFTC-regulated digital asset derivatives exchange, the U.S. Securities and Exchange Commission continues to believe that the XRP token is a security.

Brad Garlinghouse, Ripple CEO, accused the US Securities and Exchange Commission (SEC) of disregarding the rule of law following their ongoing legal battles. He criticized SEC Chair Gensler for “creating havoc” and stifling US innovation.

Ethereum, XRP, and Solana show downside risks in the short term, with Ethereum and Solana forming bearish patterns and XRP targeting a 13% drop, according to technical analysis following the latest U.S. inflation report.

In the ongoing legal battle, Ripple filed a “cross-appeal” on October 10, 2024, following the United States Securities and Exchange Commission's (SEC) recent appeal earlier this month. With this cross-appeal, both Ripple's and SEC's appeals will now be handled together in one case.

XRP price is moving higher from the $0.5220 support. The price could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels.

Chicago-based digital asset derivatives exchange Bitnomial has initiated legal action against the U.S. Securities and Exchange Commission (SEC), challenging the agency's claim that XRP futures fall under the category of “security futures.”

The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it's a security, Bitnomial said in a lawsuit.

The lawsuit could set a precedent for how crypto derivatives are regulated, potentially reshaping the SEC's authority over digital assets. The post Bitnomial files lawsuit against SEC, challenges its claim that XRP futures are securities appeared first on Crypto Briefing.

Bitnomial, a cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over the regulatory authority concerning XRP futures contracts. The lawsuit disputes the SEC's claim that XRP futures are “security futures,” which would place them under the agency's jurisdiction.

Ripple announced on October 10 that it would file a cross-appeal with the U.S. Court of Appeals for the U.S. SEC vs. Ripple lawsuit.

The SEC contacted the exchange to express that it would be violating federal securities laws if it proceeded with the XRP futures listing.

A range of new features for Ripple Custody are now available for institutional clients to cater to the demand for robust and secure custodial solutions.

Today, Ripple Labs filed a notice of cross-appeal, indicating its readiness for the next step in the case brought by the US securities regulator almost four years ago.

Ripple has announced a major upgrade to its Ripple Custody service, aiming to deliver bank-grade crypto custody solutions to fintech firms and crypto businesses.

As investors seek the next big opportunity in the cryptocurrency space, ETFSwap (ETFS) is a strong challenger that could outperform Shiba Inu (SHIB) and Ripple (XRP) owing to its innovative approach and robust features.

Ripple Labs moved to file a cross-appeal in its years-long legal battle with the U.S. Securities and Exchange Commission over XRP sales.

San Francisco-based fintech firm Ripple is launching a new suite of crypto storage services designed to help banks and financial technology businesses securely store and manage crypto assets.

Ripple Custody, launched as a dedicated arm of the company, has introduced several upgrades to its platform. The updates include a new transaction screening service and more hardware security module (HSM) options.

The crypto ETF market is expanding at an alarming rate, with news of a second XRP Exchange Traded Fund (ETF) filing spreading across the space. Canary Capital, a boutique Sydney investment and corporate advisory firm has just filed an XRP ETF, following Bitwise's lead.

In a significant development in the ongoing litigation between Ripple Labs and the US Securities and Exchange Commission (SEC), Ripple announced the filing of a cross-appeal against the regulator.

Ripple Labs filed a notice of cross-appeal to the United States Court of Appeals for the Second Circuit on Oct. 10 as part of its ongoing legal battle with the US Securities and Exchange Commission (SEC).

Ripple has disclosed plans to take its legal battle with the SEC to a higher court in the United States.

Ripple has formally filed a notice of cross-appeal in its long-running legal brawl with the US Securities and Exchange Commission (SEC). The filing, submitted to the United States Court of Appeals for the Second Circuit, is Ripple's bid to contest SEC's appeal filed earlier this month.