"We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law," an SEC spokesperson said.

The Securities and Exchange Commission first filed the lawsuit against Ripple Labs and both its founders in December 2020.

The U.S. Securities and Exchange Commission announced it would appeal a federal judge's ruling in its case against Ripple on Wednesday.

Ripple is gearing up for a crucial period of regulatory reviews and market integration. To maintain parity, Ripple has been simultaneously minting RLUSD on the Ethereum network.

Bitwise XRP ETF uses the cash-create technique or exchanges cash for shares. The crypto asset manager was an early entrant in the Bitcoin spot ETF market in January.

The SEC's recent appeal in the Ripple case puts the future of the XRP ETF and Ripple's market status in doubt. The post SEC files appeal in Ripple case, putting XRP ETF on hold appeared first on Crypto Briefing.

The registration does not yet imply that the proposal has been submitted to the SEC, which could present substantial regulatory hurdles.

The Securities and Exchange Commission (SEC) has finally appealed the July 2023 ruling by U.S. District Judge Analisa Torres that the programmatic sales of XRP didn't constitute a securities violation. In a court document filed on Oct.

The U.S. Securities and Exchange Commission has decided to appeal the Ripple case.

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Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, James Angel of Georgetown breaks down crypto policy expectations for both presidential candidates.

XRP has seen a significant turnaround in recent weeks, concluding September with notable gains. However, as we move into Q4 2024, the question arises: can XRP hold onto these gains?

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Bitwise Asset Management recently submitted a filing for an XRP Exchange Traded Product (ETP) amid growing anticipation for regulatory approval. This filing, submitted to the U.S. Securities and Exchange Commission (SEC), has the potential to reshape XRP's market trajectory if approved.

Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.

It appears that Crypto-focused investment firms are now eyeing the XRP Exchange Traded Fund (ETF) in the United States. Following the successful launch of Bitcoin and Ethereum ETFs, a new crypto-focused investment firm Canary Capital, filed for an XRP ETF by submitting Form S-1 to the US Securities and Exchange Commission (SEC) last week.

Bitwise Asset Management, a prominent crypto index fund manager, has officially filed for a spot XRP exchange-traded fund (ETF) with the Delaware Department of State.

Q4 2024 could witness an incredible explosion of XRP. However, its rival is preparing for a leap of 3,500% that could disrupt the crypto universe!

The US Securities and Exchange Commission (SEC) has a deadline of October 7 to appeal Judge Analisa Torres's ruling that XRP secondary sales are non-securities. Judge Torres's landmark ruling in July 2023 marked a major development in the years-long tussle between Ripple and the US securities regulator.

Amonyx, a respected market analyst, has predicted that XRP will reach a staggering $589. This assertion, made in a recent post on social media platform X, has attracted both excitement and skepticism among investors and crypto enthusiasts alike.

XRP is moving through a complex price pattern with ups and downs. While there's potential for the price to rise, it's not showing the strong momentum usually seen in bullish trends. XRP's neutral price outlook coincides with Bitwise Asset Management filing for an XRP Exchange Traded Product (ETP) with the SEC.

Bitwise has filed an application with the United States Securities and Exchange Commission (SEC) for the first spot XRP exchange-traded fund (ETF), according to an Oct. 2 statement. The proposed ETF aims to directly hold XRP.

Crypto stocks plunged as tensions escalated in the Middle East.

TL;DR Bitwise filed a Form S-1 with the SEC to launch an XRP ETP. The proposed fund would hold XRP directly and seek to provide exposure to the cryptoasset. XRP is recognized for its role in cross-border payments and its capabilities in decentralized finance (DeFi).

The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas.

Ripple (XRP), the blockchain-based payment project, has begun minting Ripple USD (RLUSD) on-chain. While this has been going on since September, Ripple recorded a high number of stablecoins minted in the last 24 hours as XRP price fell.

Bitwise Asset Management has submitted an S-1 registration form to the SEC to launch Bitwise XRP ETF.

Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product for XRP tokens, as it seeks to introduce more crypto products after a landmark regulatory decision to approve spot bitcoin ETF earlier this year.

The XRP price has faced yet another meltdown owing to recent global geopolitical issues. The Ripple-associated coin saw notable gains last week, and it is expected that a more sustained price rally is in the cards.

Investment asset management firm Bitwise has become the first firm to file an initial registration statement for a spot XRP exchange-traded funds (ETF) with the United States Securities and Exchange Commission (SEC). The pursuit of an XRP ETF reflects the increasing demand among institutional investors for safe crypto products.

Bitwise submitted an S-1 form to the U.S. Securities and Exchange Commission, a requirement for companies seeking to issue a new security and be listed on a public stock exchange.

Ripple's development arm, RippleX, has published a tweet, spreading the word about an event for the community of XRP holders, dubbed “XRP Community Night.”

Bitwise has taken another step toward an XRP ETF with a formal Securities and Exchange Commission filing. On Oct. 2, crypto index fund manager Bitwise submitted a Form S-1 document with the U.S.

Ripple CEO Brad Garlinghouse has predicted more asset managers could also file to offer an XRP ETF following Bitwise's filing of the S-1 form for its Bitwise XRP ETF with the US Securities and Exchange Commission (SEC). Garlingouse also highlighted how significant this development is for XRP adoption, especially in traditional finance (TradFi).

The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors with exposure to the digital asset.

After a great success in Bitcoin and Ethereum ETF, Bitwise is now planning to become the first firm to launch an XRP product. In a significant development, Bitwise Asset Management has filed for an XRP Exchange Traded Product. The firm has submitted the Form S-1 to the U.S. Securities and Exchange Commission.

Ripple's ambitious stablecoin testing with Ripple USD (RUSD) has fueled a surge in XRP derivatives market activity and interest.

Bitwise Asset Management has officially filed for a spot XRP exchange-traded fund (ETF) with Delaware's Division of Corporations on September 30. The filing encompasses the registration for establishing a Delaware statutory trust, a business-oriented trust recognized under Delaware state law.

Bitwise's registration of a Delaware trust marks a key step toward launching an XRP ETF, despite regulatory uncertainties.

ATOM was the lone gainer in the index, rising 0.7%.

Bitwise's XRP ETF filing could significantly impact investor access to regulated crypto assets, pending SEC's stance on Ripple's legal status. The post Bitwise files S-1 form for XRP ETF appeared first on Crypto Briefing.

Bitwise has filed its registration statement with the SEC for an exchange-traded fund that would give investors exposure to the token XRP.

Bitwise is the first firm to officially seek approval for a spot ETF that would track the daily price of XRP, the seventh-largest cryptocurrency with a market cap of over $30 billion.

Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust.

Bitwise officially filed a registration statement with the Securities and Exchange Commission for a spot XRP ETF.

The XRP price has dropped by 4.5% in the past 24 hours, with its fall to $0.6003 coming as the crypto market loses 5% today.