Ripple CEO Turns Down SEC Settlement Offer Electing to Fight Charges Instead
Earlier this week, the Ripple CEO Brad Garlinghouse said the SEC intends to file charges against the San Francisco-based fintech giant. This was an unusual move in that it’s typical for regulators to go public first. Ripple was unsure when the SEC would announce the news. But as sure as night follows day, the SEC […]
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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 […]
There have been rumours that the US Securities and Exchange Commission (SEC) and Ripple may be in negotiations to reach a settlement. A former SEC official has stepped in and provided insights on why that might not be the case. Former SEC Official Dismisses Rumors Of A Potential Ripple Settlement Former SEC lawyer Marc Fagel […]
Leading cross-border transaction settlement platform and solutions provider Earthport has announced the launch of the Earthport Distributed Ledger Hub (DLH), which grants users full connectivity into Ripple, including private Ripple instances, Ripple market makers, and in time, other Distributed Ledgers. Interestingly, Earthport aims to target banks and existing financial establishments with its DLH. The firm will offer cost-efficient and robust blockchain-based solutions to institutional clients through a single API, for quicker settlement and transfer of payments, transactions, and....
Blockchain security firm Quantstamp has settled with the U.S. Securities and Exchange Commission (SEC) over charges related to an unauthorized initial coin offering (ICO) that raised $28 million in 2017. The SEC filed charges against the San Francisco-based firm for allegedly conducting an unregistered ICO of crypto asset securities, resulting in a settlement that requires […]
Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked crypto token had seen traded volumes of $4.85 billion recorded in 24 hours. $1.3 Billion Lawsuit As data on markets.Bitcoin.com suggests, the sell-off of the XRP token appears to have been sparked by Ripple CEO Brad Garlinghouse’s warning that the SEC was....