The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency's broader claims about XRP (CRYPTO: XRP) sales. What Happened: The SEC lodged a notice of appeal aiming to overturn a prior decision made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws.

Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre.

Ripple's native crypto, XRP price dropped by a massive 10% as the US Securities and Exchange Commission (SEC) announced that is taking the legal battle to the 2nd U.S. Circuit Court of Appeals. The commission is appealing a July 2023 ruling that declared XRP sold by Ripple Labs is not a “security”.

Ripple CEO Brad Garlinghouse stated that his company would fight in court "as long as it needs" in his Thursday statement regarding the U.S. Security and Exchange Commission's appeal.

The U.S. Securities and Exchange Commission (SEC) revealed on Wednesday its intention to challenge a federal judge's decision in the ongoing case against Ripple.

San Francisco-based fintech firm Ripple has vowed to keep battling with United States securities regulators following the latest appeal.

XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase.

XRP's value dropped over 10% on Thursday after the SEC filed an appeal against the court's decision in its lawsuit against Ripple. This follows Judge Analisa Torres's final ruling on Aug. 7, imposing a $125m penalty on Ripple, far less than the SEC's initial $2b demand.

Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.

Key Points:

Ripple CEO Brad Garlinghouse vowed to fight the SEC's new appeal in a case one lawyer suggests could be dragged into early 2026.

Ripple braces for extended legal battle as SEC appeals, impacting XRP market sentiment and price trends.

XRP Lawsuit: Ripple's Chief Legal Officer, Stuart Alderoty, has voiced his frustration with the U.S. Securities and Exchange Commission (SEC) following the agency's recent notice of appeal. Ripple is now contemplating filing a cross-appeal, potentially targeting both Judge Analisa Torres' ruling on institutional sales or the $125 million penalty imposed in August.

Ripple's potential cross-appeal could prolong legal uncertainty, impacting regulatory clarity and market dynamics in the crypto industry. The post Ripple may file a cross-appeal to challenge SEC's legal move appeared first on Crypto Briefing.

In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets. The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined that the XRP token, sold by Ripple Labs on public exchanges, does not qualify as a security under existing laws.

Ripple (XRP) price suffered a harsh reversal this week as sentiment in the crypto industry waned, and as geopolitical risks rose. After surging to $0.6647 last week, Ripple has retreated for four consecutive days and was trading at $0.5417, its lowest point since September 12.

Market expert EGRAG Crypto has laid out an optimistic forecast for XRP, emphasizing the importance of a key price level he calls the Genuine Wake-Up Line (GWUL). According to EGRAG, XRP is on the brink of a critical moment that could see its price climb above $1.50 in the near term, setting the stage for even higher targets.

The U.S. Securities and Exchange Commission (SEC) has filed a formal notice of appeal against Ripple Labs in the U.S. Court of Appeals for the Second Circuit. The appeal follows a district court's ruling in August, which the SEC argues contained significant legal errors. SEC Challenges Ripple Labs Ruling in U.S.

The Securities and Exchange Commission (SEC) has announced its decision to appeal a federal court ruling in its prolonged legal battle against Ripple Labs and XRP. The SEC's notice of appeal, filed with the Second Circuit Court of Appeals on Oct.

The cryptocurrency world keeps a close watch on XRP, many are curious about its price trajectory leading up to 2025. The ongoing legal battle between Ripple, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC) has significant debate and speculation.

Asset management firm Bitwise is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), offering investors direct exposure to XRP through traditional brokerage accounts. “XRP has been an enduring crypto asset that many investors want exposure to,” said the CEO of Bitwise.

The SEC's lawsuit against the crypto payments company has been ongoing since late 2020.

Thanks to a bullish prediction by analyst EGRAG Crypto, XRP is now causing ripples in the crypto market again. He has recently done an analysis that shows the token is approaching a critical juncture.

"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 United States Securities and Exchange Commission (SEC) has filed a Notice of Appeal to challenge some aspects of Judge Analisa Torres' July 13, 2023 ruling in the long-drawn Ripple lawsuit. This move ends the crypto industry speculation regarding the next course of action for the market regulator.

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.

Crypto analyst CryptoTank has predicted that the XRP price can reach $1,000. Although he didn't give a specific timeline for this price surge, he outlined several reasons why the crypto token could hit such an ambitious price target.

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 leading asset management firm Bitwise has taken a significant step towards launching an XRP ETF by filing a registration for a Delaware statutory trust on September 30.

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.