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Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review
6.8.2023
In this week’s news, another major U.S. bank has failed, a Maine senator has appealed to United States president Joe Biden to grant Silk Road creator Ross Ulbricht clemency, a senior U.S. district judge has rejected the approach taken in the SEC v. Ripple ruling regarding XRP, and Robert...
XRP price disappoints after court ruling, Deaton remains optimistic
6.8.2023
While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level
Class Action Lawsuit Against Tether, Bitfinex Dismissed
5.8.2023
A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...
Ripple CLO Stuart Alderoty Explains Securities in ‘After Hours’ Parody Skit
2.8.2023
Stuart Alderoty, CLO of Ripple, prepared a skit explaining the definition of securities according to the company, supported by the recent ruling in the SEC v. Ripple case. The segment, titled “After Hours,” parodies U.S. Securities and Exchange Commission (SEC) Chair Gary...
US District Judge Rejects Approach in SEC v Ripple Ruling on XRP
2.8.2023
A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over...
Ripple Ruling Rebuke Complicates Coinbase’s Defense Against the SEC: Berenberg
1.8.2023
U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
1.8.2023
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple
Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit
31.7.2023
A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission
D.C. Circuit reverses SEC ruling on SPIKES futures, calls it "arbitrary and capricious"
29.7.2023
The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures
Lawyer Outlines 4 Options SEC Could Proceed in Ripple Case Over XRP
27.7.2023
A lawyer has outlined four potential next steps that the U.S. Securities and Exchange Commission (SEC) could take following the ruling on the Ripple case regarding XRP. “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks,” he opined, asserting that...
Mashinsky's Arrest, Ripple Ruling, Etc.
26.7.2023
I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here's my effort to catch up
Crypto Industry Celebrates XRP Court Ruling, but Long Road Ahead for Regulatory Framework
25.7.2023
The cryptocurrency industry has been abuzz with excitement after a recent court ruling declared that Ripple's XRP token is not considered a security when sold on digital asset exchanges.
The ruling has generated positive sentiment across the crypto ecosystem, offering hope for clarity in...
Decoding Ripple’s Ruling: A Potential Tsunami for the SEC
25.7.2023
In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that...
Ripple ruling and crypto ETFs 'drove a lot of urgency' among lawmakers, reportedly says Coinbase CEO
24.7.2023
Coinbase CEO Brian Armstrong reportedly said Representatives Maxine Waters and Patrick McHenry were both considering a legislative path forward on regulating digital assets
The Effects Of The SEC v Ripple Ruling Remains Ambiguous: Bank of America Insists on Clarity
24.7.2023
The aftermath of the court ruling in the Securities and Exchange Commission’s (SEC) case against Ripple continues to be debated along many lines as industry analysts mirror the judgment to find needed regulatory direction.
In a new research report released on Friday, Bank of America (BAC) opined...
XRP court ruling marks milestone, but new crypto law could take years
24.7.2023
Ripple’s partial victory against the SEC is positive, but crypto firms still face uncertainty without a regulatory framework
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
24.7.2023
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe...
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
24.7.2023
Ripple’s XRP offerings are unique, and the implications of the court’s ruling are difficult to determine, the report said
Mark Cuban Criticizes SEC Approach in Ripple-XRP Case
24.7.2023
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal...
Lawyer Discusses SEC Appeal of Ripple-XRP Ruling — Says It Could Take 2 Years
24.7.2023
A lawyer has provided insights into the potential outcomes if the U.S. Securities and Exchange Commission (SEC) decides to appeal the Ripple ruling regarding XRP. Despite the securities regulator’s indication to appeal the ruling, the lawyer emphasized that “There isn’t...