Did you know the SEC claimed Ripple made over $1.3 billion by selling XRP to investors in 20131? This huge amount started a long legal fight. It caught the attention of both people who love crypto and those who regulate it. As we follow the Ripple lawsuit news, it’s vital to grasp what this SEC…
Did you know the global cryptocurrency market cap is over $1 trillion? Bitcoin and Ethereum make up most of it, with three-quarters of a trillion dollars1. This shows how big and influential digital currencies have become. The surge in the cryptocurrency market has created a need for specialized lawyers, called crypto law specialists. These experts…
Did you know Ripple Labs was ordered to pay the SEC a $125 million fine? This amount is far less than the $2 billion penalty the regulators initially wanted1. Ripple’s CEO, Brad Garlinghouse, sees this as a win for both Ripple and the crypto world2. Though Ripple hoped to keep the fine to $10 million,…
Ripple has asked for more time before it pays a $125 million settlement to the SEC. They’re using Rule 62(b) to pause the payment order. This could deeply affect the whole crypto market. Even so, the XRP token’s price has stayed around $0.55 despite these legal issues1. Ripple’s lawyers, Kellogg Hansen, suggested putting 111% of…
Ripple’s XRP recently soared by about 30% in late March 2023, fired up by hopes of ending its long legal fight with the SEC1. After a small win allowed Ripple to make the SEC reveal the “Hinman documents,” CEO Brad Garlinghouse shared his hopeful outlook for solving the case this year1. Now, Ripple has asked…
Did you know that Ripple, which runs XRP, is trying to delay a $125 million fine? They want to transfer 111% of that amount to a bank account, and the SEC agreed. This could mean a longer legal fight, affecting XRP’s future1. Ripple’s CEO, Brad Garlinghouse, stands his ground. He says XRP is not a…
Did you know that XRP bounced back from a 6.65% drop by climbing 2.76% on July 8, finishing at $0.43131? The legal battle between the SEC and Ripple is heating up the crypto world. While the SEC is pushing for a hefty $2 billion penalty, Ripple suggests settling with $10 million1. Dive into Judge Analisa…
Did you know the chance of an SEC appeal against Ripple has dropped to 45-50%? Before, it was believed to be around 80%1. This huge change impacts the whole case, making people more hopeful about an end. Ripple received a positive outcome, being fined $125 million instead of $2 billion by the SEC2. This major…