The SEC has exactly 2 weeks to file an appeal with respect to its motion denial, and the commission’s response within this time frame is crucial as it may set a precedent for related cases in the near term.
Linqto, a company that trades private equity for crypto companies, before public listing, said that it has sold $50 million of stocks for Ripple Labs. This happened despite Ripple’s ongoing case with the US SEC.
According to the legal team representing Ripple CEO Brad Garlinghouse, the SEC is acting “inappropriately” and should be sanctioned.
The individual defendants from Ripple argue that the SEC has prolonged the case long enough to request additional time.
The Arab Regional Fintech Working Group puts RippleNet in an important position regarding the future of blockchain-based financial institutions.
“Contributing to Open Source” is the official theme for Wave 3 of XRPL Grants Program by Ripple.
Michael Warren has been instrumental in helping businesses overcome regulatory challenging and is likely to play an active role by being on Ripple’s board.
The Ripple CEO stated that Russia could not use crypto to escape the impact of the global sanctions.
Ripple’s XRP registers a solid move as the Judge grants the company to present its defense in response to SEC’s Memorandum of Law.
Blockchain Association’s head of policy said that Ripple is clearly not giving up and is giving the SEC the hardest time in the court, ever.
However, the court still rejected Ripple’s request to access a range of some other SEC documents.
Attorney Jeremy Hogan from the Ripple community believes that Ripple will settle the SEC case by April 2022. Analysts are expecting a new all-time high ahead this year for XRP.
The SEC has been accused of corruption in its dealings with the crypto industry, especially regarding its relationship with XRP.
While Bitcoin has continued to exert a massive weight of about 40.4% of the total industry’s market capitalization, some altcoins are beginning to decouple from the menacing BTC correlation.
The published ruling could provide a strong stance to the Commodity Futures Trading Commission to overlook exchanges that manage commodities.