Buterin Blasts Ripple’s Defence Against Pending SEC Lawsuit
It finally happened. After years of uncertainty on the matter, the SEC is taking decisive action against Ripple. The point in question is whether Ripple’s native XRP token is a security or not. Late yesterday, Ripple CEO Brad Garlinghouse said the SEC has made a determination, and they plan to bring action accordingly. Under U.S […]
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The token's major upside move surfaced partly due to a rally across the cryptocurrency market and else due to anticipations that it would walk through the SEC lawsuit unharmed.
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 […]
It seems like Vitalik Buterin was dying to comment on El Salvador’s Bitcoin Law. A pseudonymous user posted this unpopular opinion on Reddit: El Salvador President Mr Nayab Bukele should not be praised by Crypto community.” And Ethereum’s creator himself answered. With venom. For everyone involved. Is Mr. Buterin right in his assertions or is […]
Ethereum co-founder Vitalik Buterin ignited a firestorm this week with his scathing critique of US crypto regulations, urging a major overhaul of the system. In a move that has sent ripples through the industry, Buterin slammed the expansive definition of securities employed by the Securities and Exchange Commission (SEC), arguing it stifles innovation and incentivizes […]
XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now they want to enter the fray as third-party defendants. XRP coin holders have attempted to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s lawsuit against Ripple Labs.A motion to intervene was filed by John Deaton of Deaton Law Firm on March 14 on behalf of over 6,000 XRP holders. Deaton — himself an XRP holder — argued that the interests of coin holders were not being adequately represented in the securities lawsuit against....