Category: SEC

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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Largest Asset Manager BlackRock May Start Trading Bitcoin Futures

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC). BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the […]

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Ripple won’t go to Supreme Court seeking settlement – lawyers weigh in

According to Anderson Kill’s partner Stephen Pally, the SEC vs. Ripple case is unlikely to go to the Supreme Court. The lawsuit against Ripple’s founders shows the “level of egregiousness of the case.” On the latest episode of the “Unchained” podcast, Laura Shin spoke with attorneys Stephen Pally, partner at Anderson Kill, and Gabriel Shapiro, […]

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Biden officially names Gary Gensler for SEC chairman post

Biden officially names Gary Gensler for SEC chairman post

President-elect Joe Biden has officially named Gary Gensler as his pick for chairman of the U.S. Securities and Exchange Commission (SEC), confirming previous media reports. Gensler was chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014, and since November, he has led Biden’s transition planning for financial industry oversight. As the […]

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Former SEC official questions ‘true motive’ of lawsuit against Ripple

Joseph Grundfest reportedly warned Jay Clayton and the SEC about filing the lawsuit against Ripple Labs for “potentially billions in losses” to investors. The former SEC Commissioner questions “the true motive of Clayton and the SEC.” John E. Deaton, an attorney who focuses on the cryptocurrency sector among others, yesterday posted a thread on Twitter […]

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YouTubers bet on XRP – Is a 2000% price increase possible after SEC lawsuit?

According to the “XRP Researcher”, the XRP price could increase by more than 2000% after the SEC lawsuit World famous YouTuber Daniel Keem bought 1 million XRP worth $276,600 to profit from a Ripple-favoring outcome of the SEC lawsuit. The US Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs has massively hurt XRP investors. […]

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Kraken Halts XRP Trading For US Users Following The SEC Charges

Kraken Halts XRP Trading For US Users Following The SEC Charges

The San Francisco-based veteran crypto exchange Kraken is the latest platform announcing plans to halt Ripple (XRP) trading starting at the end of January. The decision will affect only US-based citizens, while all services will remain operating as intended for customers located outside of the country. Starting on January 29th at 5 pm PT (or […]

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Grayscale Moves to Dissolve XRP Trust Amid SEC-Ripple Fiasco

Sequel to its removal of XRP from its diversified public crypto fund, Grayscale Investments has announced the dissolution of its XRP Trust. The move is another fallout from the current enforcement action instituted by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Terminates XRP Trust Grayscale announced the decision to dissolve its XRP […]

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US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman

US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman

The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According […]

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