House Democrats Blast SEC Over Dropped Crypto Cases, Ripple Lawsuit Talk Resu...
House Democrats have accused the SEC of abandoning many high-profile investigations, including its legal battle with Ripple, which has brought attention back to the agency’s handling of crypto enforcement. Related Reading: Steak ’N Shake Doubles Down On Bitcoin With $10M Balance Sheet Boost The claims, which were outlined in a January 15 letter to SEC […]
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Democratic lawmakers from the US House of Representatives have accused President Donald Trump and his administration of using the White House to enrich the presidential family through their crypto businesses, calling on Congress to fight corruption. Related Reading: Terra Founder Do Kwon Requests Five-Year Prison Term Ahead Of December 11 Sentencing House Democrats Call Out […]
Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event. The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020,....
The lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC) may be poised for a significant turning point under the agency’s new leadership. With Donald Trump once again occupying the White House, Paul Atkins has been nominated as the new SEC Chairman, succeeding Gary Gensler. Industry observers and legal experts are closely watching […]
The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden’s desk to be signed […]
Another class-action lawsuit has been filed against Ripple Labs and CEO Brad Garlinghouse. This lawsuit follows the one filed by the U.S. Securities and Exchange Commission (SEC) alleging that the defendants sold XRP, which it considers unregistered security, for over $1.38 billion. The lawsuit, filed Monday in a Florida district court alleges that the “sale of XRP cryptocurrency tokens to Florida residents” violates Florida securities laws. The suit names Ripple Lab Inc., XRP II LLC, and Garlinghouse as the defendants. They have allegedly sold “millions of dollars (or....