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Xrp Token

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cryptocurrencyregulation2 years ago•2 min saved

"Latest Developments in Ripple v. SEC Case and Uncertain Future of XRP"

The court has set a briefing schedule for the SEC's anticipated motion to file an interlocutory appeal in the ongoing legal battle between Ripple and the SEC. The SEC has been granted permission to request an early appeal, but it does not guarantee that the appeal will be authorized. The judge could still deny the motion, and it may take several more months for a ruling. Ripple's legal team has filed an opposition to the SEC's anticipated motion, citing wrongful application of facts and lack of a clear legal question. Ripple's chief legal officer is confident in winning on appeal but prefers to follow the ordinary course. The XRP token's price has declined amid the bearish sentiment in the cryptocurrency market.

via Finbold - Finance in Bold|

#cryptocurrencyregulation #interlocutory-appeal #legal-standoff

cryptocurrency2 years ago•4 min saved

Crypto Companies Gain Confidence After Court Victory Against SEC, Ripple's XRP Price Potential, and Bitcoin's Recent Drop Explained

Ripple's recent court victory against the Securities and Exchange Commission (SEC) has sparked hope within the cryptocurrency industry that it can limit SEC Chair Gary Gensler's control over the $1 trillion market. The ruling has prompted lawmakers to call for new regulations, despite Gensler's claims of authority. The decision could hinder ongoing enforcement actions by the SEC and embolden other crypto companies to resist registering their tokens as securities. The SEC has faced criticism over its regulatory approach, and this court ruling marks a significant setback for the agency. However, an appeal is still possible, and the SEC's position remains uncertain.

via POLITICO|

#crypto-regulation #cryptocurrency #ripple