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Ripple News
Zycrypto
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SEC Submits Last-Minute Appeal In High-Profile Ripple Case — But There’s Good News For XRP Holders
- The U.S. SEC has filed a Civil Appeal Pre-Argument Statement in the Ripple case.
- The appeal does not challenge the ruling that XRP sales to retail investors are not securities.
- The SEC is focusing on other critical aspects of the ruling, including Ripple's offers and sales of XRP on digital asset trading platforms.
- Ripple's legal head confirms that the court's ruling that XRP is not a security is not being appealed.
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Bitcoinist
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Image Credit: Bitcoinist
SEC Files Form C In Ripple Lawsuit: Here’s What They Appeal
- The US Securities and Exchange Commission (SEC) has filed Form C in its appeal against Ripple Labs.
- The appeal focuses on specific aspects of the summary judgment favorable to Ripple, including XRP sales through exchanges, distribution of XRP, and sales of XRP by Ripple's executives.
- The SEC does not appeal the ruling that XRP itself is not a security and the remedies and disgorgement ruling.
- There is procedural ambiguity surrounding the timing of the SEC's filing, and missing the deadline could have consequences for the appeal.
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Cryptoslate
3w
0
Image Credit: Cryptoslate
Ripple resolute as SEC does not appeal verdict XRP is not a security, focuses on exchange sales
- The US Securities and Exchange Commission (SEC) does not appeal the verdict that XRP is not a security.
- The SEC focuses on appealing Ripple's programmatic sales of XRP and its distribution to employees and other parties.
- The SEC intends to challenge Ripple executives Brad Garlinghouse and Chris Larsen for allegedly aiding and abetting XRP sales.
- The SEC's appeal does not mention the monetary penalty or denial of disgorgement imposed by the court.
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Crypto-News-Flash
3w
61
Image Credit: Crypto-News-Flash
XRP Case Not Over Yet: SEC Files Appeal, Ripple’s Response Expected Soon
- The US Securities and Exchange Commission (SEC) has filed Form C to meet the deadline of its appeal against Ripple.
- Ripple is expected to file a cross-appeal next week.
- The SEC's appeal focuses on the Ripple-XRP relationship and the involvement of its executives in sales.
- Legal expert Jeremy Hogan believes the SEC's appeal is primarily about money.
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Crypto-News-Flash
3w
61
Image Credit: Crypto-News-Flash
Ripple CEO: IPO Not a “High Priority” Amid Continued Acquisitions and XRP Investments
- Ripple CEO Brad Garlinghouse stated that an IPO is not a priority for the company amidst ongoing legal challenges with the SEC.
- Ripple's strong financial position allows them to continue acquisitions and investments without the need for public funding.
- Garlinghouse mentioned that Ripple remains open to the possibility of an IPO in the future, but it is currently a low-priority item.
- The SEC lawsuit against Ripple is ongoing, with no resolution in sight, which contributes to the delayed IPO plans.
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Cryptonews
3w
252
Image Credit: Cryptonews
SEC Files Appeal in Ripple Case Amid Controversy Over Allegedly Missed Deadline
- The SEC has filed its appeal in the Ripple case, focusing on XRP’s programmatic sales and executive conduct.
- Controversy arose over whether the filing was timely, with accusations of the SEC missing the deadline.
- The appeal scrutinises both Ripple executives’ personal XRP sales and the company’s distribution methods.
- Notably, the SEC is not contesting the US$125 million penalty or the decision denying disgorgement.
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Newsbtc
3w
146
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XRP Price Set To Resume Upside: Is Momentum Building?
- XRP price is holding gains above the $0.5450 zone.
- There is a connecting bearish trend line forming with resistance at $0.5465.
- The price could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels.
- If XRP fails to clear the $0.550 resistance zone, it could start another decline.
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Bitcoinsensus
4w
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Image Credit: Bitcoinsensus
Venmo and MoonPay Join Forces to Introduce Crypto to 60 Million Users
- Venmo partners with MoonPay to enable seamless crypto transactions for over 60 million users.
- Integration expands digital asset use in America, boosting crypto adoption.
- MoonPay continues its mission to introduce cryptocurrencies to the next billion people by 2030.
- MoonPay also partners with Ripple to allow easy purchase and management of XRP.
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Crypto-News-Flash
4w
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Ripple Swell 2024: Key Insights and Potential XRP Price Movement
- The Ripple Swell 2024 event concluded successfully, bringing together leaders in crypto to discuss XRP and crypto at large.
- Although XRP did not experience a significant rally following the event, analysts expect it to surge and reach new local highs this month.
- During Ripple Swell, Ripple announced new partners for its upcoming RLUSD stablecoin and discussed compliance, AI and blockchain convergence, stablecoins, and more.
- XRP is currently trading at $0.5517, showing a marginal gain of about 1% in the past day, but analysts believe the monthly chart indicates a potential upcoming bull run.
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TheNewsCrypto
4w
434
Image Credit: TheNewsCrypto
XRP Hovers Around $0.5 Level: Can Ripple Recover?
- XRP is trading at $0.55 and aiming to reclaim a support level, signaling a potential bullish phase.
- Long-term holders show confidence in XRP, indicated by positive MVRV Long/Short Difference.
- If $0.59 resistance is breached, XRP could rise above $0.60; otherwise, it may consolidate above $0.55.
- Ripple's momentum strengthens with an upward trend in the Relative Strength Index (RSI).
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Crypto-News-Flash
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203
Image Credit: Crypto-News-Flash
Grayscale Seeks Approval to Turn SOL, XRP, and AVAX Trusts into ETFs
- Grayscale has filed with the SEC to convert its Digital Large Cap Fund into a spot ETF, including cryptocurrencies like SOL, XRP, and AVAX.
- The move aims to make it easier for investors to trade shares and strengthen Grayscale's position in the crypto ETF market.
- Grayscale has previously successfully converted its Bitcoin and Ethereum trusts into ETFs, leading to significant market changes and investor outflows.
- Other companies, such as Canary Capital, are also pushing for new ETF products, including an XRP ETF.
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Bitcoinsensus
4w
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Image Credit: Bitcoinsensus
Missed Appeal Deadline Threatens SEC’s Case Against Ripple?
- The SEC had 14 days to file an appeal from October 2
- On Oct. 16, the SEC failed to file Forms C and D with key claims
- Some believe this may reduce the SEC’s chances of success against Ripple
- However, the SEC like other federal agencies often gets flexibility in these matters
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Cryptoslate
4w
265
Image Credit: Cryptoslate
SEC faces Ripple appeal deadline uncertainty, XRP community speculates
- The deadline for the United States Securities and Exchange Commission (SEC) to file Form C for its appeal against Ripple is uncertain.
- The XRP community speculates that the SEC missed its Form C filing deadline, initially believed to be October 16, 2024.
- There is confusion regarding the deadline, with some arguing it could be October 18.
- Missing the deadline could potentially harm the SEC's case against Ripple, although the court may allow leeway for federal agencies.
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NullTX
4w
75
Image Credit: NullTX
Ripple Partners Announce Support For RLUSD Stablecoin, While XRP Smashes Transaction Records
- Ripple has announced its first exchange and platform partners for the upcoming RLUSD stablecoin.
- Grayscale has filed to convert its Digital Large Cap Fund into an ETF, potentially allowing easier access to cryptocurrencies for traditional investors.
- XRP recently set a new record by processing 6.3 million transactions in one minute, showcasing its potential for revolutionizing cross-border payments.
- With regulatory clarity on the horizon and expanding partnerships, Ripple and XRP are poised for further growth and adoption.
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TheNewsCrypto
4w
354
Image Credit: TheNewsCrypto
Is XRP on the Verge of a Major Breakout Beyond $0.60?
- XRP has hit a two-week high of $0.5666, with a 2.72% surge in the past 24 hours.
- The altcoin's trading volume has increased by 16%, indicating heightened market activity.
- XRP is testing key support levels and breaching $0.59 could lead to a rally beyond $0.60.
- Technical indicators show mixed outlook, with bullish momentum improving but a bearish crossover possible.
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