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Showing posts with the label sec vs ripple

As Ripple Rejoices Court Win US SEC Holds Option To Appeal

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Also Read: Ripple Secures Another Win Against US SEC; Hinman Docs To Go Public advertisement Ripple Closer To Secure A Win? Hinman documents are the memos and emails linked to the infamous speech of the former SEC Director of Corporation Finance, Bill Hinman, in which he stated that Ethereum (ETH) in his view is not a security. However, Judge Sarah Netburn earlier ordered that these controversial documents should be turned over to Ripple and the defendants in the XRP lawsuit as a part of the discovery process. Coingape reported that Judge Torres denied the SEC’s Motion to Seal the Hinman documents. However, it is important to see what the commission will do next from here. Eleanor Terrett, a Fox Business Journalist reported that her sources revealed that both parties will be sitting down and discussing the logistics of how and when the documents will be released. However, the US SEC has the option to file an interlocutory appeal to the decisi...

XRP News: Ripple Issues Q1 XRP Markets Report; Whales Move 151 Mln XRP

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Also Read: Ripple To Face Trouble From XRP Holders in Court? Attorney Suggests This advertisement XRP Avg Daily Vol Spikes by 46% Ripple CEO, Brad Garlinghouse issued XRP markets report stating that the United States might be moving backward in terms of updating regulatory frameworks, however, they are focusing on the positive. He added that over the last few months, the EU, UK, and UAE all have moved forward in building new rules and regimes for crypto activities. As per the report, Total XRP sales by Ripple in quarter 1 2023, net of purchases turned out to be $361 million. However, it stood at around $226 million in the previous quarter. It mentioned that XRP Ledger on-chain activity stood strong with decentralized exchanges volume surging by 34% to $115 million in comparison to quarter 4 of 2022. According to the data, XRP Average Daily Volume (ADV) on centralized exchanges spiked by 46% in quarter 1 to $1 billion from $698 million. Read More XRP News He...