BREAKING: Ripple Concludes SEC Battle With $125M Penalty, XRP Price Skyrockets
In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends According […]
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Former SEC lawyer Marc Fagel has revealed that the $125 million monetary penalty in the Ripple Vs. SEC case has been paid to the U.S. Treasury. This officially ends the long-running legal battle between the crypto firm and the regulator. Ripple Vs. SEC Case Ends As Crypto Firm Pays Monetary Judgment In an X post, […]
The simmering legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has reached a boiling point. The dispute centers around the classification of XRP, Ripple’s native cryptocurrency, and the appropriate penalty for its alleged unregistered securities offering. Stuart Alderoty, the Chief Legal Officer at Ripple, responded sharply, igniting the penalty debate […]
The legal battle between the US Securities and Exchange Commission (SEC) and blockchain payment company Ripple Labs has officially come to an end as of August 22. After four years of intense litigation over the status and sales of its associated cryptocurrency, XRP, the US Court of Appeals for the Second Circuit approved a joint […]
Ripple doesn’t stand a chance against the Securities and Exchange Commission in its ongoing court battle, this US congressman says. U.S. Representative Brad Sherman stated in a recent FOX Business interview that he believes the SEC would prevail in its legal fight against Ripple because XRP, the native cryptocurrency on the Ripple network, is a security. […]
Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit. SWIFT Executive Makes Criticism Against Ripple and XRP […]