XRP gains 30% after Ripple gets permission to explain ‘fair notice defense’ v...
The long-timeframe chart is painting a death cross pattern, however, suggesting a selloff ahead. Ripple (XRP) price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities.SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC's Memorandum of Law in support of the Motion to Strike fair notice defense, according to court documents.Additionally, Judge Torres also ordered the unsealing of three documents concerning the SEC....
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Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC. United States-based crypto exchange Coinbase has become the latest organization to stand behind Ripple Labs in its legal battle against the Securities and Exchange Commission (SEC), which could wrap up as soon as the first half of 2023.Paul Grewal, Coinbase’s chief legal officer in a series of tweets on Oct. 31 said the exchange had asked the presiding judge for permission to file an amicus brief, saying the case was a “textbook” definition of “just how critical....
Ripple’s latest victory pushed XRP on the bullish trajectory in the past 24 hours. The federal judge ruled that Ripple could push for fair notice as it is completely entitled to do so. This meant that Ripple’s central arguments against the U.S Securities and Exchange were validated by the court in the ruling against SEC’s motion. Judge Analisa Torres, denied SEC’s motion to stop Ripple from using the “Fair Notice Defense”. Ripple for the longest time had expressed concerns over the same by stating that SEC hadn’t given them enough notice that it....
The U.S. Securities and Exchange Commission (SEC) made a surprise attack on the Ripple case by filing a letter of supplemental authority to strike Ripple’s “fair notice” defense. Simultaneously, the token XRP is down 2.33% in the last 24 hours to $0.7 following the market’s downtrend. The SEC’s Surprise Move As the popular SEC vs. Ripple case is expected to be resolved around April this year, the SEC has made a new move that left many wondering if previous expectations could change. The American regulator is using a winning move from another case to strike at....
BTC and altcoins flashed bullish this week, but the perpetual contracts funding rate and Tether premium reflect a lack of confidence from traders. Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5 coins, which happen to include two stablecoins.Excluding Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and stablecoins reflects a 9.3% market capitalization increase to $418 billion from $382 billion on Feb 4.....
The battle between the Securities and Exchange Commission (SEC) and Ripple Labs over the regulatory status of XRP took a dramatic turn last week. The latest powerplay? A Hail Mary interlocutory appeal from the authority. The agency tried appealing a past court decision allowing Ripple to use a “fair notice” defense. However, prominent lawyers vehemently […]