Musk’s DOGE Investigates SEC—Will It Impact The Ripple Lawsuit?
The Elon Musk-led US Department of Government Efficiency (DOGE) has set its eyes on conducting an in-depth investigation on the Securities and Exchange Commission (SEC) as part of the agency’s target to cut government wastage of funds. Some analysts speculated that the DOGE’s scrutiny of the regulatory body could impact the lawsuit faced by crypto […]
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Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC) is known to have had some negative effects on the company. And now, Ripple’s Chief Technology Officer (CTO) David Schwartz has given an insight into how much the lawsuit has affected the company. SEC’s Lawsuit Made Ripple Lose Stablecoin Deal Schwartz revealed during […]
Michael Saylor of Strategy (formerly MicroStrategy) announced that the company didn’t purchase new Bitcoins last week, maintaining its holdings at 478,740. He said that the company noted zero investments in its class A common stock, which is available through the at-the-market equity program, between February 10th and February 14th. Related Reading: Musk’s DOGE Investigates SEC—Will […]
In a Friday filing, Ripple Labs pushed back against the SEC’s allegations.
Though Ripple CEO Brad Garlinghouse is prepared to challenge the SEC over its lawsuit, the knock may be hard to come back from. Just over a month ago on Nov. 24, XRP’s value surged to above the $0.90 mark on U.S. cryptocurrency exchange Coinbase, albeit momentarily, leading many backers to believe that the digital currency was all set to skyrocket once again, possibly even retesting its January 2018 all-time high of over $3.However, in the wake of the recent lawsuit laid out by the United States Securities and Exchange Commission against Ripple, not only does a future value hike look....
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 […]