SEC Appeals Ripple Ruling, Seeks Reversal on XRP Classification
3 days ago · Ripple’s legal team has consistently rejected the SEC’s claims, maintaining that XRP is a digital currency, not a security. On Wednesday, Chief Legal Officer Stuart Alderoty labeled the SEC’s latest filing a “rehash of failed arguments,” predicting the case will lose momentum under a Trump administration. The outcome of the appeal could …
SEC Won't Postpone Ripple Lawsuit Appeal Until After Gensler's ...
3 days ago · The XRP price has gained nearly 16% in the past day, according to CoinGecko data. ... Despite the saber rattling from the SEC, investors in Ripple-linked XRP have been undeterred. The XRP price has been on a tear and surged to $2.99 (or above $3.00, according to Coinbase). The price has gained 15.8% since this time yesterday, according to ...
XRP Lawsuit News: Expert Reveals Why SEC Won't Miss January
5 days ago · The SEC’s appeal deadline in the ongoing Ripple XRP lawsuit is fast approaching, with the critical date set for January 15, 2025. This comes after Judge Torres ruled that XRP itself is not a security, although the classification of sales depends on the specifics of …
SEC files opening brief in its appeal against Ripple, seeks reversal …
3 days ago · The SEC also disputes the district court’s finding that XRP given to employees and business partners did not meet the Howey test’s “investment of money” requirement. The regulator argues that the receipt of valuable services is economically equivalent to receiving monetary payment and thus satisfies this requirement.
SEC files opening brief in its appeal against Ripple over XRP
3 days ago · The SEC argued in a Jan. 15 filing to the Second Circuit Appeals Court that a New York District Court was wrong to rule that XRP sold to retail investors wasn’t an unregistered securities offering.
Ripple SEC Lawsuit: US SEC Challenges ‘XRP Is Not A ... - CoinGape
3 days ago · The SEC claims that every XRP sale, no matter which particular seller has conducted the sale or how the sale was made, constitutes an “investment contract” in terms of the Howey Test. The agency argues that Ripple’s promotion activities gave a perception that investors, including retail buyers, were likely to make profit out of the XRP. ...
SEC v. Ripple - Investopedia
Jun 9, 2024 · In 2020, the U.S. Securities and Exchange Commission (SEC) alleged that Ripple, the blockchain developer and creator of the XRP cryptocurrency token, raised more than $1.3 billion in 2013 by...
Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1 ... - CoinDesk
Apr 23, 2024 · Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission’s (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company...
Judge Fines Ripple $125M, Bans Future Securities Law ... - CoinDesk
Aug 7, 2024 · A federal judge imposed a $125 million fine on Ripple after finding last year that its institutional sales of XRP violated federal securities laws. The judge reiterated her view that Ripple's...
SEC Seeks $1.95B Fine in Final Judgment Against Ripple - CoinDesk
Mar 26, 2024 · The SEC's proposal asks the court to order Ripple Labs to pay $876 million in disgorgement, $198 million in prejudgment interest, and $876 million civil penalty, amounting to a total of $1.95...
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