Ripple

SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In

September 16, 2024 Bitcoin.com

Binance

Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the […]

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Crypto Asset Management Giant Grayscale Launches New XRP Trust After Axing Product in 2021

September 13, 2024 The Daily Hodl

Daily Hodl

The crypto asset management giant Grayscale launched a new XRP Trust after axing a similar product in 2021. The new trust is solely invested in XRP and offers investors a chance at exposure to “a protocol with an important real-world use case,” says Rayhaneh Sharif-Askary, Grayscale’s head of product & research. “By facilitating cross-border payments […]

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Ripple CEO: Japan’s Leaders Committed to Advancing Crypto and Blockchain Technology

September 9, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […]

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Ripple Chairman Chris Larsen Endorses Kamala Harris for President in New Letter With American CEOs: Report

September 8, 2024 The Daily Hodl

2024 election

Ripple chairman Chris Larsen, along with other business leaders in the US, is reportedly endorsing Democratic nominee Kamala Harris for president. According to a new report by CNBC, Larsen is endorsing Harris over former president Donald Trump alongside 87 other current and former corporate executives. The CEOs reportedly prefer Harris because with her at the […]

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Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order

September 8, 2024 The Daily Hodl

coinbase

A judge is partially granting a motion by Coinbase that would force the U.S. Securities and Exchange Commission (SEC) to produce critical documents. Last month, Coinbase filed the motion to procure the documents related to its previous communication with crypto issuers because they believe the regulatory body’s enforcement actions have been inconsistent. The SEC first […]

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Crypto Biz: US regulators crack down on Uniswap

September 6, 2024 Coin Telegraph

Business

This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.

A recent enforcement action in the United States has intensified the scrutiny over decentralized finance (DeFi) protocols, which have largely operated within a regulatory gray zone.

Regulators again targeted the decentralized trading platform Uniswap for allegedly facilitating illegal derivatives trading. The Commodity Futures Trading Commission (CFTC) has imposed fines and ordered Uniswap to cease the alleged violations. The move is indicative of the increasing regulatory focus on DeFi front ends as authorities seek to bring protocols into compliance with existing financial regulations.

In another headline, Bitfarms has issued a response to Riot Platforms’ recent push for changes to its board of directors, marking the latest development in the two firms’ ongoing corporate struggle.

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Price analysis 9/6: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

September 6, 2024 Coin Telegraph

Avalanche

Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.

Bitcoin (BTC) has been in a sideways price action pattern for several months, but the bears are trying to seize control. The resolution of the large $55,724 to $73,777 range in favor of the sellers could start a downtrend.

Arthur Hayes, former CEO of crypto exchange BitMEX, has projected Bitcoin to fall below $50,000. A similar view was offered by veteran trader Peter Brandt, who has a target of $46,000 for Bitcoin.

Crypto market data daily view. Source: Coin360

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Judge Agrees To Delay $125,000,000 Penalty in SEC v. Ripple Lawsuit, Opening the Door to a Possible Appeal

September 6, 2024 The Daily Hodl

Judge Agrees To Delay 5,000,000 Penalty in SEC v. Ripple Lawsuit, Opening the Door to a Possible Appeal

Daily Hodl

A judge has agreed to delay enforcing the $125 million civil penalty imposed on Ripple, cracking open the door for a potential appeal in the payment firm’s longstanding legal battle with the U.S. Securities and Exchange Commission (SEC). On Thursday, District Judge Analisa Torres ordered a stay on the monetary portion of the case’s final […]

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Hedera, IOHK join DeRec Alliance as final founding members

September 5, 2024 Coin Telegraph

Algorand

Cardano and Hedera join the Decentralized Recovery Alliance alongside Ripple and Algorand to shape the future of crypto security standards.

Cardano’s development arm, Input Output (IOHK), and Hedera, a decentralized public network, have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members.

According to a press release shared with Cointelegraph, the two entities join Algorand Foundation, Hashgraph, Ripple and XRPL Labs to lead the security and trust Web3 initiative.

Cardano and Hedera will serve on the Technical Oversight Committee for the next two years, helping shape policies and standards to facilitate crypto recovery and simplify user experience.

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Ripple and SEC agree to stay $125M judgment, hinting at appeal

September 4, 2024 Coin Telegraph

Ripple and SEC agree to stay 5M judgment, hinting at appeal

Coin Telegraph

Though the SEC may choose not to appeal the Aug. 7 decision, Ripple’s lawyers requested that 111% of the monetary judgment be placed into a bank account to obtain a stay.

The legal team defending Ripple Labs against a case filed by the United States Securities and Exchange Commission (SEC) has requested to stay the monetary portion of an Aug. 7 judgment requiring the firm to pay $125 million.

In a Sept. 4 filing in the US District Court for the Southern District of New York, Ripple’s lawyers said the SEC had agreed to a request to delay payment of the judgment after Sept. 6. The legal team proposed that Ripple place 111% of the judgment amount — roughly $139 million — into a bank account until 30 days “after the time to appeal expires or the resolution of any appeal.”

Source: SDNY

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