Ripple vs. SEC: Is A Settlement Back On The Table?
On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]
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Investment expert and seasoned author Linda P. Jones recently weighed in on the ongoing legal showdown between Ripple and the United States Securities and Exchange Commission. The financial analyst provided an insight into what will likely go down if the payment company and the SEC meet at the negotiation table. Talks of a potential settlement […]
Both parties are currently not considering terms for a pretrial settlement. The changing of the guard at the United States Securities and Exchange Commission seems to have affected any possible pretrial settlement in the SEC’s case against Ripple.This conclusion was part of a joint discovery letter filed on Monday before Judge Analisa Torres of the U.S. District Court for the Southern District of New York.Commenting on the prospects of a pretrial settlement, the letter reads:“Counsel for the parties have met and conferred and, having previously discussed settlement, do not believe there is....
Ripple Labs, which is comprised of a team of cryptographers who developed the Ripple payments protocol, recently announced its products for the forex market. The company has been working with several industry leaders in the financial arena, receiving a total of $32 million in Series A funding. The company has announced two new solutions called FX Market Making and Cross-Currency Settlement, aimed at lowering volatility and counterparty risk for banks and financial institutions conducting cross-border payments and forex activity. Ripple Labs Innovations. Similar to the bitcoin blockchain,....
The R3CEV banking consortium could be partnering with Ripple Labs, according to a tweet from Ripple Labs CEO Chris Larsen. “The future of fintech is bringing together like-minded companies, like @R3CEV and @Ripple. More details to come soon…,” Larsen tweeted. R3CEV Explores Ripple. Jo Lang, R3 research director, wrote a white paper on considerations for Ripple adoption by large financial institutions one year ago. Lang noted that Ripple has focused on partnership versus competing with existing financial institutions seeking to gain efficiencies and improve transaction processes. R3....
The bulls ride again on XRP’s side, as the token breaks about $1. On the legal subject, things seem to be going well for Ripple’s corner as rumors of an SEC settlement grow louder. Back in December, the Commission hit Ripple Labs, executive Brad Garlinghouse, and Chris Larsen with a lawsuit for the alleged illegal […]