Whale Dumps 31M XRP Coins Amid Price Dip
According to data from Whale Alert, an XRP whale transferred 31 million coins to two centralized exchanges amid a recent price dip within 24 hours. According to on-chain statistics, the recent price recovery resulted in the disposal of nearly 31 million XRP coins within 24 hours. Like all other whale activities, this action has elicited […]
SEC Claims Ripple ODL Sales Reflect Past Violations
The SEC responded to Terraform Lab‘s filings, complicating ODL sales and affecting the XRP market performance. The ongoing legal dispute between the Securities and Exchange Commission (SEC) and Ripple Labs has seen new developments. As per a post by James K. Filan on X (formerly known as Twitter), the SEC has responded to Ripple’s recent filings […]
Ripple CLO Critiques Gensler’s Use of Crypto Asset Securities
Ripple CLO criticizes SEC Chair Gensler’s use of crypto-asset securities and emphasizes the importance of voting in elections to influence crypto regulations. Stuart Alderoty, the Chief Legal Officer of Ripple, expressed his dissatisfaction with the use of “crypto-asset securities” by SEC Chair Gary Gensler and encouraged dissatisfied crypto investors to participate in the forthcoming elections. […]
Ripple Argues for Civil Penalty, Invokes SEC v. Terraform case
Ripple has requested that a court consider an “appropriate” civil penalty in their lawsuit against the United States Securities and Exchange Commission (SEC). In a June 13 filing in the U.S. District Court for the Southern District of New York, Ripple’s legal team submitted a notice of supplemental authority that alleged the “unreasonableness” of the […]
Ripple Lawyers Request “Appropriate” Penalty in SEC Case
The SEC has been pursuing a case against Ripple since Dec. 2020, alleging that the firm used XRP as an unregistered security to raise funds. Following a settlement between the SEC and Terraform Labs, lawyers for blockchain firm Ripple have requested that a court consider an “appropriate” civil sanction in their lawsuit against the United […]