
June 16th, 2025
The SEC’s appeal impacts XRP, leading to whale movements, price uncertainty, and divided sentiment within the XRP community.
Cuban’s recent criticism of Gensler’s ways is a direct reflection of what the majority of the crypto industry thinks of the SEC Chair.
Lejilex has filed for court protection against SEC enforcement, arguing it facilitates crypto transactions, not securities sales, amid regulatory disputes.
Other amicus briefs have also been filed in support of Nvidia investors.
Ripple’s Chief Legal Officer, Stuart Alderoty, criticized the SEC’s appeal, calling it an extension of the agency’s “litigation warfare”.
The SEC has until October 7, 2024 to put forward an appeal.
Legal experts, including former SEC attorneys, believe an appeal is likely, citing concerns about inconsistencies in rulings related to programmatic XRP trading.
Top lawyer says the SEC’s potential appeal is a complete waste of taxpayer money.
Mark Cuban has voiced his interest in leading the US SEC under Kamala Harris’ administration.
The shutdown of Terraform Labs sets an important standard for how bankruptcies are handled in the crypto industry, and will likely influence future bankruptcy cases.
Infinex’s “Patron” non-fungible tokens (NFTs) available to both – retail investors and venture capitalists providing a level playing field to investors of all sizes.
SEC Chair Gary Gensler said that the SEC is forced to hold the SAB 121 accounting rules in place citing multiple bankruptcies like FTX, Terraform, Celsius, etc.
Ripple’s legal victory over the SEC in 2024 boosted market confidence. XRP was declared a non-security in secondary market trades, giving the crypto industry much-needed regulatory clarity.
Both current and future products from Securitize will benefit from the Wormhole partnership, enabling them to function across various protocols, including both private and public blockchains.
The closure of the Ripple vs SEC lawsuit that saw the firm ordered to pay $125 million in civil penalty has significantly freed XRP from bearish sentiments.