Newsletter
The SEC’s dismissal of the four-year legal case against Ripple is a “victory for the industry,” said Ripple CEO Brad Garlinghouse.
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XRP Crypto News
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP (XRP) cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
On the Ripple Network, any currency or asset can be used for transactions without relying on XRP, though XRP acts as a bridge between currencies when needed. Ripple’s On-Demand Liquidity service utilizes XRP for cross-border transactions, eliminating the need for pre-funded accounts. This approach facilitated partnerships with major entities like Santander, Bank of America and American Express. However, XRP’s role led to legal issues with the United States Securities and Exchange Commission (SEC), which filed a lawsuit in December 2020, accusing Ripple and its executives of illegally selling XRP to investors without proper security registration.
On July 13, 2023, a court ruled that Ripple’s $728.9 million XRP sales to institutional clients constituted unregistered securities sales, giving the SEC a partial victory. Ripple targeted institutional investors, endorsing a speculative value thesis for XRP contingent on blockchain improvements. Further legal proceedings are likely, with Ripple possibly appealing or presenting new arguments against the court’s decision.
- Market Analysis
In January, spot market traders drove the XRP price to an all-time high, and data shows this pattern emerging again. Are new highs in store?
4015 - News
Market participants have already been expecting the SEC to drop it’s four-year lawsuit against Ripple Labs, due to the Trump administration’s more crypto-friendly regulations.
4221 - Altcoin Watch
Ripple still faces a legal hurdle with an injunction preventing XRP sales to institutional investors, but price chart technicals are showing promise nonetheless.
13323 - News
Mt. Gox and Ripple co-founder Jed McCaleb is looking to send his company Vast’s commercial space station “Haven-1” into orbit and win a NASA contract in 2026.
7468 - News
The approval of the first spot SOL ETF may be the “next logical step” after the debut of the SOL futures ETFs, industry watchers told Cointelegraph.
3375 - Analysis
The high-profile SEC case against Ripple seems to have come to a close, but the crypto industry still doesn’t have the legal framework it wants.
9616 - News
Bitnomial sued the SEC in October, after the agency said they had to register as a securities exchange before listing XRP futures.
3975 - News
The SEC’s dismissal of its years-long case against Ripple Labs marks a “new chapter” for crypto, the CEO said.
9093 - Markets News
XRP posted a double-digit rally shortly after Ripple CEO Brad Garlinghouse said that the SEC intends to drop its appeal against the company.
3246 - News
According to Deaton, Ripple has leverage to renegotiate its settlement with the SEC, possibly lowering the $125 million it has been ordered to pay.
12175 - Price Analysis
Bitcoin shows strength as the market awaits today’s FOMC minutes and comments from Federal Reserve Chair Jerome Powell.
4053 - News
Recent news indicates that the SEC’s enforcement actions against Ripple might be winding down during the Trump administration.
12135 - Altcoin Watch
XRP price could avoid a potential crash to $1.90, but the bulls must first hold above the $2.20 support level to sustain the ongoing recovery.
5721 - News
Up to 75% of institutions could be actively using DeFi platforms in two years, the survey found.
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