As the U.S. Securities and Exchange Commission (SEC) officially appeals the Ripple case, the XRP community is now focused on a series of crucial dates that could shape the outcome of this long-standing legal battle.
Bitwise has registered with the Delaware Division of Corporations for the establishment of a new entity called “Bitwise XRP ETF.”
Ripple CEO Brad Garlinghouse did not mince words in a recent post about the SEC's continued pursuit of its lawsuit against Ripple. Garlinghouse expressed deep frustration with the SEC, particularly its Chair Gary Gensler, stating that if the agency were rational, they would have dropped the case long ago.
XRP plunges 12.75% as the SEC's Ripple lawsuit appeal and rising Middle East tensions spark uncertainty, leading to a one-month low of $0.511.
XRP (XRP) shed double digits as Bitcoin struggled near $61k, with crypto a sea of red heading into the US trading session. This comes as investors react to geopolitical events in the Middle East and news of US Securities and Exchange Commission (SEC)'s move to appeal a court ruling in the Ripple case.
Ripple may have abandoned its price rally after the U.S. Securities and Exchange Commission (SEC) filed an appeal against the recent court ruling ordering the company to pay a $125 million fine. This move has re-ignited discussions about XRP's future, coinciding with Bitwise Asset Management filing for an XRP ETF in Delaware.
Ripple vows to fight the SEC appeal for as long as necessary. Ripple's legal team is evaluating a potential cross-appeal.
Could XRP's price surge to over $6 if history repeats?
Asset management firm Bitwise filed Form S-1 for XRP ETP with the U.S. Securities and Exchange Commission (SEC) on October 2nd. The filing indicates that once approved, the proposed fund will hold XRP on its own.
Bitwise XRP ETF filing amid Ripple SEC lawsuit was a major development today since the future of XRP remains uncertain
XRP, the Ripple-affiliated cryptocurrency, has logged a significant uptick in whale activity, according to data provided by cryptocurrency analytics platform Santiment.
A recent surge could fuel a breakout for XRP, but traders should still remain cautious.
Although the prolonged courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) may be over, the regulator does not seem keen on giving up just yet, and it has recently appealed the key ruling in the case.
XRP's price crashed hard toward $0.5 after the SEC's appeal.
The SEC has appealed a court ruling favoring Ripple Labs in their ongoing legal battle over XRP's status as a security, causing the cryptocurrency's price to drop while Ripple vows to continue fighting and considers a cross-appeal.
Ripple's XRP token has experienced a sharp decline, losing over 10% of its value in the past 24 hours. The price drop follows the United States Securities and Exchange Commission's (SEC) filing of a notice of appeal on October 2, challenging the previous judgment in favor of Ripple.
The U.S. Securities and Exchange Commission (SEC) has moved to challenge the court's ruling in its ongoing case against Ripple Labs, according to a report by Nikhikesh De for CoinDesk.
Ripple's Chief Legal Officer, Stuart Alderoty, criticized the SEC's appeal, calling it an extension of the agency's “litigation warfare”.
Unlike last year, this time the SEC has decided to appeal, and Ripple in fact admits that it expected it.
Ripple Labs will fight the United States Securities and Exchange Commission's appeal of the court ruling that determined retail XRP sales were not in violation of securities laws. In an Oct.
The ongoing Ripple-SEC legal battle took another turn as the U.S. Securities and Exchange Commission (SEC) officially announced its appeal of a federal judge's ruling against the agency. The appeal comes just two months after Judge Analisa Torres issued her final judgment in the SEC's four-year-old case against Ripple.
The US Securities and Exchange Commission (SEC) has opted to appeal a crucial court ruling that categorizes XRP tokens as non-security. This appeal had a direct impact on the price of XRP tokens.
The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against the historic ruling by Judge Analisa Torres in the Ripple case.
The SEC appealed a 2023 ruling in its lawsuit against Ripple, seeking to overturn Judge Torres' decision that XRP token sales in secondary markets did not qualify as securities.
Bitwise Asset Management has boosted community confidence by filing for XRP ETP. Earlier the firm made announcements about launching an ETF, however amidst the ongoing SEC vs Ripple case, they decided to go with the ETP option. The market intelligence platform Santiment shared insights about XRP ETP filling by Bitwise.
Ripple, a key player in the cryptocurrency arena, has made significant strides by securing an in-principle financial services license from the Dubai Financial Services Authority (DFSA). This crucial approval allows Ripple to broaden its footprint in the United Arab Emirates (UAE), further enhancing its capacity to deliver cross-border payment solutions.
Just as optimism was about to surge, clouds rolled in, pushing prices lower.
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Bitwise has taken a significant step by filing for the first-ever Spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The trust, registered in Delaware, aims to provide investors with direct exposure to XRP's value, which will reflect the coin's price minus operational costs.
Market Overview: In the past day, the value of the world's cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume.
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”.
The crypto prices today have shown a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price rested at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a waning trajectory.
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.
The United States Securities and Exchange Commission (SEC) filed a notice of appeal on Judge Analisa Torres' August 7, 2024, ruling in the court of appeal for the second circuit. The US SEC filed an appeal case against Ripple and its top executives led by CEO, Brad Garlinghouse, and the company's executive chairman Chris Larsen.
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.
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.