Category: SEC lawsuit

Petition Calls on New SEC Chairman to Drop Ripple Lawsuit and ‘End War on XRP’

A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. The petition also demands “a thorough investigation of the matters that led to the last-minute lawsuit against Ripple, filed on the last day in office by […]

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US Court Rejects SEC’s Attempt to Block XRP Holders’ Motion to Intervene in Ripple Lawsuit

In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In […]

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Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged […]

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Reuters: SEC’s Lawsuit Didn’t Impact Ripple’s Business in Asia-Pacific Region

Brad Garlinghouse, the CEO of Ripple in a recent interview with Reuters had said that the ongoing SEC lawsuit against him and his company didn’t impact their business in the Asia-Pacific region, their key remittance corridor. Ripple has flourished as a remittance solution provider with the help of the XRP ledger and has partnered with […]

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XRP Price Soars by 15% After SEC’s Ripple Lawsuit Amendment, Can XRP Price Reach $1?

XRP price registered a sharp rise earlier today registering a 15% gain over the past 24 hours and was trading at $0.60 mark. XRP rose to a daily high of $0.63 before registering a minor correction. The altcoin’s rise is also in contrast to the market where the majority of the cryptocurrencies registered minor correction […]

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XRP Update: Ripple Labs and SEC Joint Letter Rules Out Possibility of a Settlement

A joint letter released by the SEC and the legal counsel of the Ripple Labs has quashed all rumors of a possible out of court settlement by the two parties, suggesting the defendant in the case would fight the legal battle in the court itself. The rumors about a possible settlement were rife when Jeremy […]

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Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security

Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security

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 […]

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UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP

UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP

Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as an unregistered security should allow them to get funds […]

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Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced […]

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XRP Lawsuit: Blockchain.com Becomes Latest Platform to Delist XRP

Blockchain.com, a popular blockchain explorer as well as a crypto wallet has joined the growing list of platforms delisting XRP trading services in the wake of the SEC lawsuit against Ripple and two of its executives. The blockchain explorer cum crypto wallet service provider notified its customers about halting XRP trading services via its official […]

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