US Judge Rules in Favor of SEC in Ripple Case
Just to remind: The SEC had on December 20, filed a lawsuit against Ripple Labs Inc and two top executives for selling unregistered digital asset securities to investors.
XRP News
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SEC Insists Ripple Submit Terabytes of Additional Slack Data
By Tolu Ajiboye
The SEC has now filed a motion requesting ‘terabytes’ of additional Slack info from Ripple as part of its case against the blockchain company.
SEC vs Ripple: Ripple to Gain Access to Binance Documents
The request was granted by US Magistrate Judge Sarah Netburn to Garlinghouse’s motion to Obtain international discovery of Binance records.
Ripple-backed Tranglo Working on Something to Stir Up Fintech and Payment Industry
Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners.
In Win for Ripple, Judge Denies SEC’s Motion to Suppress Deposition of Former Official
By Sanaa Sharma
The news comes as a relief to the Ripple community, which claims that the exchange medium can not be considered as a security.
SBI Holdings Encourages XRP Ledger’s NFT Use for Asset Tokenization
SBI’s report also mentioned NFTs as a use case for the art community, pointing out Beeple’s $69 million record-breaking auction sale in March.
XRP Doesn’t Have to Be Security, SEC Crypto Mom Asserts
The SEC claimed that owing to the centralized nature of XRP, it automatically becomes a security thus, it is under its scope.
Ripple Files New Motion Requesting Potentially Exonerating Documents from Foreign Exchanges
By staff writer
Ripple filed a motion requesting SEC investigate 14 foreign exchanges. The blockchain firm believes that the records held by the international exchanges will prove that its executives did not violate Section 5 of the Securities Act by selling off units of XRP.
Court Denies SEC Motion to Access Ripple Labs Legal Records on XRP
The judge mentioned attorney-client privilege as a point for denying the SEC access to the legal records of Ripple.
Ripple CEO Is Optimistic about Company Going for IPO when SEC XRP Case Concludes
By staff writer
Garlinghouse’s sentiment is shared by Yoshitaka Kitao, CEO of SBI Holdings Inc. He also said that “after the current lawsuit, Ripple will go public.”
Ripple token or XRP is an independent digital asset, native to the Ripple Consensus Ledger. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency (XRP).
Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
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