Xrp wins sec

This Friday, U. Outlining her ruling, Judge Netburn reasoned that although financial records reflect bank deposits from cryptocurrency exchanges on a certain date, they do not disclose anything on how this money was made. However it is completely possible that the deposits could come from XRP sales, they might as well be from other crypto sales or U. With her remarks, the judge makes it clear that the technical and operational aspects of XRP are a priority in the case and by doing so she is aware of the importance and precedent her ruling will set. The company already celebrated two wins in the lawsuit that the SEC has brought on them. Interested in holding or trading XRP?

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WATCH RELATED VIDEO: Ripple Lawsuit: Who's Winning, XRP Potential, Coinbase Relisting!?

Ripple seeing 'good progress' in SEC case over XRP, outcome expected next year

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XRP is surging after early legal wins, but don't bet on a blowout for Ripple

The Ripple Labs Inc. On January 13, U. Magistrate Judge Sarah Netburn told the U. Two weeks ago, Jeremy Hogan, a blockchain-crypto lawyer, who has been following the case since the beginning, says the case could end by April or, in its worst-case scenario, by the summer of this year. The majority of the crypto community has been aware of the Ripple vs SEC case because the outcome if SEC wins could hurt not only XRP but also other cryptocurrencies and crypto in general. As of right now, there is a short-term bearish sentiment on the crypto market, but if Ripple wins the case in the future and the market turns bullish again, could this be the catalyst to send XRP to a new all-time high?

If Ripple wins the court case, it is going to be a massive blow-off for government agencies that plan to regulate cryptocurrency.

XRP lawsuit: Why a win for Ripple could also be a victory for Ethereum

It seemed like a no-brainer inside the Securities and Exchange Commission last December when the agency filed a lawsuit charging that one of the biggest players in crypto technology, Ripple Labs, violated securities laws. Then-Chairman Jay Clayton signed off on the case just hours before resigning from the SEC following the defeat of Donald Trump in the presidential election. That made the timing a bit odd, since big decisions in government are usually left to the incoming administration to sort out. And the enforcement staff was united in their decision to file, while the five-member commission voted , FOX Business has learned. Or Ripple could fight it out in federal court, a battle SEC staff attorneys were confident they would win. Well, not so fast. Yes, most SEC targets choose to, in fact, settle rather than spend money fighting in the courts, but not Ripple.

XRP lawsuit: Ripple wins another round

xrp wins sec

Lawsuit on coinbase. In mid-November, Coinbase locked out several customers from their accounts, citing certain glitches arising out of "technical The lawsuit comes on the heels of a recent announcement by Coinbase to pause XRP trading on its platform. The fallout from this lawsuit has extended beyond just Coinbase dropping XRP, although other exchanges have kept it. One is a violation of the California Unclaimed Property Law, and one is illegal and unfair business practices. The product will allow users to earn interest in their crypto holdings.

Twitter has been buzzing with bullish and maybe premature predictions for the cryptocurrency. That may be a good adage for crypto fanatics to remember as they tune in to the legal battle between Ripple and the U.

SEC wins motion to compel overseas partners to comment on Ripple (XRP) lawsuit

XRP, the 4th cryptocurrency by market capitalization has seen an uptrend since April 4th, reaching its highest point since as the company that created it continues to score legal wins against the Securities and Exchange Commission in court. Over the last 7 days, XRP has seen a gain of While most of the top coins in the crypto market experienced gains over the weekend according to CoinGecko data, XRP displayed a performance that shadowed currencies such as Bitcoin and Ethereum. The recent recovery and rally experienced by the cryptocurrency is a reflection of the increasing trust regained by the currency after months of legal battles with the SEC, as well as its ramifications that affected its market position and partnerships. The SEC requested the released of eight years of personal financial information of both Bradley Garlinghouse and Christian Larsen as part of the civil discovery process of the lawsuit filed back in December of by the regulatory entity. The defendants filed a protective order to avoid this discovery obligation, which the judge granted on April 9th.

Ripple Wins First Round against SEC, Outcome Still Uncertain

Xrp price coinbase. Check Price Action It has begun—a Coinbase user has initiated a class action suit against the cryptocurrency exchange, seeking recovery for customers who paid commissions for XRP trading. Polkadot's DOT token has become the fourth-largest coin in terms of market capitalization, surpassing the embattled XRP. XRP is enjoying an extended price rally, but remains a long distance from its previous all time highs. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is a correlation between price appreciation and public interest in cryptocurrencies, such as XRP.

If Ripple wins the court case, it is going to be a massive blow-off for government agencies that plan to regulate cryptocurrency.

Ripple CEO Reveals What Will Happen if SEC Wins Lawsuit

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Regulatory riddle: An investigation into the SEC v. Ripple case and its consequences for crypto

A Manhattan federal judge has been tasked to decide whether Ripple can debate SEC about the exact type of crypto assets they regulate aside from imposing crypto enforcement actions. Ripple claims that SEC has remained secretive to reveal the type of digital assets it regulates to the crypto space. Hence, Ripple sees this situation as an awkward movement on the part of the SEC. Looking at the Ripple-SEC lawsuit from different perspectives, it is clear that the lawsuit is not ready to end anytime soon.

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SEC case against Ripple Labs for XRP crypto sale a ‘Bit’ of a double standard

In another win for Ripple in the ongoing courtroom saga against the SEC, Judge Sarah Netburn has sided with arguments put forward by the XRP legal team and will rule decisively on deliberative process procedures on September In a personal review, Judge Netburn will now conduct an on-camera examination of the internal documents herself without the Ripple legal team, in order to ascertain whether the SEC has overstepped the mark with regard to deliberative process procedures DPP in an effort to minimise fact discovery. Page of the deposition transcript reveals that, whilst serving as SEC Director, Hinman had meetings with the Ripple executives in focused on finding a way for XRP to be regulatorily compliant. It was during these meetings he first suggested XRP was operating as an illegal asset. The Ripple team explained the documents would highlight potential decision-making failures in relation to digital assets, and would ultimately establish there was no fair notice period provided to allow Ripple to bring XRP into compliance with securities regulations. The teleconference was well attended by the crypto community in a show of support for digital asset rights and the Ripple team. Ripple Labs attorneys are going for it, claiming that the SEC are simply trying to tarnish Ripple Labs fair notice defence..

The future of cryptocurrency and blockchain technology could well be decided by a lawsuit filed at the end of Ripple and other parties have since countered with claims that the SEC is biased in its assessment. As of right now, here is the current status of this lawsuit as well as a breakdown of each side of the argument.

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