#Ripple news Ripple vs. SEC

[recentlyheardcom]

XRP Skyrockets 40% As Speculation Of Ripple-SEC Settlement Gains Momentum

XRP, at the center of a high-stakes legal battle with significant implications for the industry, has taken the lead in the recent surge in crypto prices amid growing speculation that Ripple, the blockchain payments company behind XRP, may be close to a settlement with US regulators. Ripple-SEC Legal Dispute Continues Over the past week, XRP has experienced a substantial rally of over 40%,…

[kryptoclicks]

today is the day xrp to go up3900% up today #xrp sec vs ripple (news)

Today is the day xrp to go up3900% up today #xrp  sec vs ripple (news) Today is the day that many XRP investors have been eagerly waiting for. There is speculation that XRP is set to skyrocket up by 3900% today, which is fantastic news for those who have invested in this cryptocurrency. As many of you are aware, XRP has been in the news recently due to the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). However, many experts believe that XRP will come out on top and emerge victorious in this David vs Goliath-style fight. In recent news, there have been emails released by William Hinman, the former SEC Director of Corporate Finance, which appear to suggest that Hinman favoured Ripple and deemed XRP NOT to be a security. This could be a major win for XRP and Ripple and could potentially exonerate them in the eyes of the SEC. While we are waiting for the SEC's decision, many have been speculating on the future price of XRP. Coinskid, an expert in cryptocurrency, has made a bold prediction that XRP's price will soar in the next three years, possibly reaching $10 per token by 2023. The news surrounding XRP has also had a ripple effect on other cryptocurrencies such as Bitcoin, which has been volatile in recent weeks due to other factors such as China's crackdown on crypto mining. As we await further news from the SEC and other key players in the crypto industry such as Gary Gensler, the Chairman of the SEC, many XRP investors remain optimistic that today will be the day that XRP finally gets the recognition it deserves. So, hold on tight and enjoy the ride! today is the day xrp to go up3900% up today,xrp,xrp vs sec,Ripple,XRP,XRP news,BTC,Bitcoin,cryptocurrency,Hinman,ripple,hinman emails,hinman emails release date,crypto law,coinskid xrp,coinskid,xrp price prediction,sec lost,bitcoin price prediction,bitcoin technical analysis,bitcoin news today,xrp price prediction 2023,ripple xrp price prediction 2023,xrp ripple news,gary gensler,gary gensler ftx,gary gensler congress,gary gensler hearing,sec emails today

[blockchainfeed]

The post Ripple vs SEC Update : Could New SEC Leadership Change the Outcome of XRP Lawsuit? appeared first on Coinpedia Fintech News Former SEC attorney Marc Fagel has shed light on how pro-crypto leadership at the SEC could influence ongoing crypto #Blockchain #Crypto

[urbtnews]

U.S. Supreme Court's Decision in SEC v. Jarkesy: Implications for SEC vs Punch TV Studios

SEC vs Punch TV Studios - In a landmark ruling with far-reaching implications, the U.S. Supreme Court has delivered its decision in the case of Securities Exchange Commission v. Jarkesy. This ruling challenges the constitutional foundation of the Securities and Exchange Commission's (SEC) enforcement mechanisms and could significantly impact similar cases, including the ongoing SEC v. Punch TV Studios. This article delves into the Supreme Court's decision, its constitutional arguments, and the potential ripple effects on the SEC’s enforcement capabilities, particularly in the context of the Punch TV Studios case. Download the URBT News App from your App store. Apple / Andriod Background of SEC v. Jarkesy The case of SEC v. Jarkesy centers on George Jarkesy, a hedge fund manager accused of securities fraud by the SEC. The SEC opted to handle the case through its administrative law judges (ALJs), who adjudicate such matters internally. Jarkesy contended that this process violated his constitutional rights, raising three critical issues: - Seventh Amendment Violation: Jarkesy argued that he was entitled to a jury trial. - Unconstitutional Delegation of Power: He claimed the SEC’s ability to choose between administrative proceedings and federal court violated the non-delegation doctrine. - Appointments Clause Infringement: He asserted that the method of appointing SEC ALJs did not comply with constitutional requirements. The Supreme Court's Ruling In a significant decision, the Supreme Court sided with Jarkesy, addressing each of the constitutional issues raised. Seventh Amendment Violation The Court ruled that the SEC’s use of administrative proceedings denied Jarkesy his Seventh Amendment right to a jury trial. Justice Neil Gorsuch, writing for the majority, emphasized that individuals facing substantial penalties should have the opportunity to present their case before a jury, not an administrative judge employed by the prosecuting agency. Unconstitutional Delegation of Power The Supreme Court found that allowing the SEC to decide whether to proceed administratively or in federal court constituted an unconstitutional delegation of legislative power. The Court underscored that such discretion without clear congressional guidelines undermines the separation of powers. Appointments Clause Infringement The Court also held that the appointment of SEC ALJs did not comply with the Appointments Clause. ALJs exercise significant authority and must be appointed by the President, the courts, or department heads, none of which was the case here. Implications for SEC vs Punch TV Studios The Securities Exchange Commission vs Punch TV Studios case involves accusations of securities violations against Punch TV Studios, a company accused of misleading investors. This case, like Jarkesy’s, has been handled through the SEC’s administrative proceedings. The Supreme Court’s decision in Jarkesy significantly impacts this case and others like it. Jury Trials for Securities Cases - SEC vs Punch TV Studios Following the Jarkesy ruling, defendants in cases like SEC vs Punch TV Studios can now demand jury trials. Shifting from administrative proceedings to federal courts will likely burden the judicial system but ensures greater protection of defendants' constitutional rights. Limits on SEC's Discretion The ruling curtails the SEC’s discretion in choosing its enforcement venue. This change requires the SEC to bring more cases to federal courts, demanding clearer legislative guidelines for decision-making. In the Punch TV Studios case, this means a potential shift to a court trial. This could significantly alter the case dynamics. The decision necessitates a reevaluation of the appointment process for ALJs across various federal agencies. The SEC and other agencies will need to align their appointment procedures with constitutional requirements. In the context of SEC vs Punch TV Studios, any decisions made by improperly appointed ALJs could be challenged, potentially leading to retrials or other legal remedies. Broader Implications for Administrative Law - Impact on Other Agencies The Supreme Court’s decision is not limited to the SEC. It casts doubt on the validity of administrative adjudication across many federal agencies, prompting a comprehensive review of their enforcement and adjudication processes. Strengthening Constitutional Protections The ruling reinforces the importance of constitutional protections in administrative law. By highlighting the need for jury trials and proper appointments, the Court has set a precedent that strengthens individual rights against administrative overreach. Increased Judicial Scrutiny Future cases involving administrative agencies will likely face heightened judicial scrutiny. Agencies must ensure their procedures comply with constitutional standards, which could lead to more rigorous oversight and possibly new legislation to define their powers clearly. The Supreme Court’s decision in Securities Exchange Commission v. Jarkesy marks a pivotal moment in administrative law and securities regulation. By upholding the constitutional rights of individuals and emphasizing the need for clear legislative guidelines. The Court has set a precedent with significant implications for the SEC and other federal agencies. The ruling directly impacts ongoing cases like SEC v. Punch TV Studios, mandating jury trials and scrutinizing the appointment processes of administrative judges. As the legal landscape adapts to this decision, both regulators and defendants will need to navigate a new environment, defined by greater judicial oversight and strengthened constitutional protections. U.S. Supreme Court Landmark Decision in SEC vs Jarkesy SEC vs Punch TV Studios Read the full article

[36crypto]

Ripple vs SEC Latest News: Countdown to Settlement?

As the tension and much-awaited verdict between Ripple’s battle with the US Securities and Exchange Commission (SEC) heightens, the eagerness of the public for a favorable outcome is becoming palpable. The very recent events seem to pinpoint the long-standing issue’s resolution as the two sides prepare for vital steps at the same time in the legal fight over XRP. READ ALSO: Ripple Eyes Higher…

[coinatory]

Ripple vs SEC: Deadline Extension Proposed

In a new development in the legal battle between the SEC and Ripple Labs, the SEC has proposed pushing back the deadlines for submitting briefs on remedies in the case. The request was submitted to Judge Analisa Torres of the Southern District of New York, with a suggestion to move the SEC's opening brief deadline to March 22. This is the first time either side has requested more time for this phase of the case, and Ripple has agreed to the suggested changes in the schedule. The SEC's need for an extension stems from requiring more time to go through recently obtained documents and to prepare for the remedies phase of the briefing. This follows a resolution of a disagreement over discovery scope between Ripple and the SEC on Feb. 5, which resulted in Magistrate Judge Netburn granting an additional week for the initial

Read more on Ripple vs SEC: Deadline Extension Proposed

[bitcoincables]

Week in Review: Bitcoin ETFs, Terra, and SEC Spark Speculations in Crypto Market

Another exciting week in the crypto market has come to an end, with significant developments taking place globally. Three topics that sparked a lot of speculation among crypto enthusiasts were Bitcoin ETFs, Terra, and the US SEC. Let's dive into the details!

One major news this week was the bankruptcy filing of Terraform Labs (TFL), the company behind the Terra USD stablecoin. This led to the delisting of the LUNC token by popular crypto exchange Crypto.com. Meanwhile, the Terra Luna Classic community had important voting sessions on proposals such as "Consistently set ICA Controller Parameter" and "L1TF Terra Classic core security upgrade package." While there was initial support for these proposals, some community members voted against them, causing a roadblock.

Bitcoin ETFs also made headlines this week, causing volatility in the market. Traders worldwide paid close attention as Bitcoin saw outflows worth $25 million. In Europe, CoinShares reduced its physical Bitcoin fees, intensifying competition with Invesco and WisdomTree. Among the contenders for the U.S. ETF race are BlackRock, Fidelity, and Bitwise, while Grayscale observed significant outflows, although they have been decreasing over time. Bitcoin's price had its share of ups and downs, pulling back to $38K before recovering to $41K.

The US SEC made its presence felt with its response against Ripple, stating that certain discovery requests are procedurally correct while seeking penalties from Ripple. In another legal battle involving Binance, the regulatory body cited Zakinov vs Ripple Labs. Ripple also sent a letter to Magistrate Judge Sarah Netburn, highlighting factual mischaracterizations made by the U.S. SEC. All in all, it was an eventful week with many developments and speculations in the crypto market.

(Read the original article)

[news-locus]

Ripple Vs SEC : Ripple Seeks Extension in SEC Legal Battle; New Deadline Set for January 19th

[bitcosat]

Is XRP worth buying? How to buy Ripple most easily?

The XRP project is one of the few cryptocurrency projects that focuses on payment. As it is among the decentralized finance (DeFi) projects that support small payments, it can also revolutionize the traditional finance sector (TradFi). But should all this innovation justify buying Ripple (XRP), the blockchain's native currency?

If you're not sure, this complete guide explains everything there is to know about Ripple, helping you decide whether the asset is worth buying in the short or long term.

What is XRP?

XRP is a decentralized blockchain that relies on low-cost transaction facilitation, ultra-fast transaction finality, and enhanced scalability. The coin-based network is now a carbon-neutral ecosystem.

The ecosystem went live in 2012, led by Jed McCaleb, Arthur Brito, and David Schwartz.

The payments network is part of Ripple Labs, a company currently led by Brad Garlinghouse, which conceived of XRPL and, being decentralized, now operates independently.

Did you know? Ripple, which people commonly call XRP, is a payments network built on top of the XRP Ledger blockchain.

How does the network work?

The XRP network serves as a platform on which developers can create solutions to problems associated with remittances, asset tokenization, and even traditional financial inefficiencies. Blockchain also supports multiple programming languages and helps in creating business solutions. With XRP Ledger, you can take advantage of the capabilities of decentralized exchanges (DEX), and cross-channel and cross-border payments.

Factors that increase the popularity of XRP

New consensus mechanism.

Motivated community.

Over 10 years of ledger reconciliation without issues.

Comparing XRP to other cryptocurrencies

Bitcoin and Ethereum are the two leading cryptocurrencies, so we will compare the currency with them.

1. XRP vs Ethereum

While XRP thrives as a cross-channel payment facilitator, the Ethereum network is dedicated to smart contracts and decentralized applications. XRP also features faster transactions and instant payment settlements, unlike the Ether network, which can become slow during congestion.

2. XRP vs Bitcoin

The difference between XRP and BTC is more subtle: while Bitcoin is a P2P monetary system, Ripple is intended to settle payments between financial institutions as a bridge currency. Ripple is also more energy efficient.

Your first steps with Ripple wallets

Before you buy XRP, it is necessary to have an XRP wallet ready. If you plan to hold it for the long term, you can rely on a hardware XRP wallet, such as the Ledger Nano Or you can rely on mobile and desktop XRP wallets, including Toast, Atomic Wallet, or more.

XRP and regulatory challenges

In 2020, the SEC filed a lawsuit against Brad Garlinghouse, Chris Larsen, and Ripple Labs itself. The lawsuit also focused on reprimanding the Ripple team for offering XRP as an unregistered security. However, some closure was reached in the case, with a US judge pushing back the court's ruling in favor of the former on July 13, 2023. XRP rose 75% within hours after the ruling.

How to buy XRP?

To buy XRP, the easiest way is to join a centralized exchange like Binance or Coinbase by completing the Know Your Customer (KYC) verification process.

How to sell XRP?

Choosing how to sell XRP depends on several factors, you may not have XRP on an exchange or want to sell XRP for dollars or any other cryptocurrency. For externally stored XRP, just deposit the asset to your preferred exchange. Next, you need to check the liquidity of specific XRP pairs and make a sell trade as per your preference.

Where can I buy XRP?

While centralized exchanges can let you buy XRP easily, the KYC verification process can take a long time. For purchases, decentralized exchanges such as PancakeSwap, BiSwap, and BabySwap may be better options. However, make sure to check the liquidity of your preferred trading pair before proceeding.

Does Ripple have a future?

If you want to buy Ripple, it is important to know that it is not just a cryptocurrency to attract profits. To be sure, the growth of the SEC-led controversy and staying in the news does not depend on the SEC-led controversy.

With a wide range of use cases, including providing institutional liquidity, facilitating central bank digital currencies, and offering DeFi products, Ripple looks like a future cryptocurrency. Then again, if you are a short-term trader, trading Ripple could also be an interesting option.

[ladookhotnikov]

Binance vs SEC: A Sequel

As part of the trial, a leisurely dispute between the SEC and Binance continues. The discussion is being conducted in correspondence, the SEC voiced its concerns, Binance responded, the SEC in turn responded to the response.

It must be said that in addition to legal arguments the parties use colorful artistic descriptions and comparisons.

I remind you, the commission is accusing the crypto exchange of illegal trading in securities. In response, the exchange no less traditionally responds that cryptocurrencies are not securities, and, therefore, there are no violations.

Both parties refer to the Howie test, interpreting it in their favor. Binance artistically states that in terms of stock transactions, securities are no different from oranges or baseball cards, they are just ordinary commodities. The SEC of course objects.

All these artistic developments are designed to impress a judge who may not be an expert in cryptocurrencies. That is why clear epithets and comparisons are selected.

Leaving aside the artistic part, the arguments of the parties remained the same. And here the formal advantage is Binance. The SEC has already lost similar cases against Coinbase and Ripple, and should therefore look for new arguments.

[cryptoupdate24houre]

Ripple vs. SEC legal battle, hinging on Coinbase

John Deaton, Pro-Ripple lawyer expects the SEC vs. Ripple case to last a year. There might be a settlement if Coinbase’s move is dismissed.

crypto news

[metamoonshots]

[ad_1] Final up to date Oct 30, 2023 Brad Garlinghouse mentioned that his blood boiled badly after listening to the newest feedback handed by the previous SEC chairman Jay Clayton.Walter Joseph “Jay” Clayton III is a 57-year-old American lawyer who served because the chairman of the U.S. Securities and Change Fee (SEC) from 4 Could 2017 till 23 Dec 2020. For the SEC chairman function, he was nominated for the place by President Donald Trump. In Dec 2021, earlier than leaving the SEC company,  Clayton initiated authorized motion in opposition to Ripple (XRP), a San Francisco headquartered fintech blockchain agency that's identified for its XRP cryptocurrency powered cross-border fee companies.On 29 Oct 2023, Jay Clayton appeared in an interview with CNBC and there he mentioned that the regulatory our bodies ought to introduce laws and authorized instances they consider will efficiently stand up to judicial scrutiny.A should watch. Former SEC Chairman Jay Clayton describes the brand new and deeply un-American ethos of the @SECGov underneath @GaryGensler — if we're not dropping instances, we aren't suing sufficient companies. It is a complete abuse of energy. pic.twitter.com/G0HxL4s8Y1— Cameron Winklevoss (@cameron) June 28, 2023 Ripple CEO Brad Garlinghouse responded to Clayton’s newest assertion and mentioned that his blood boiled badly after listening to his feedback. Garlinghouse recalled how the SEC physique sued Ripple underneath the management of Clayton the place there was little or no probability of success within the case. Watching this clip makes my blood boil. The hypocrisy is surprising. @CNBC @SquawkCNBC ought to be calling him out for the bullshit. (As a reminder, jay clayton introduced the case in opposition to ripple, me and Chris Larsen. And left the constructing the following day).— Brad Garlinghouse (@bgarlinghouse) October 28, 2023 In accordance with Ripple CEO, Clayton’s statements are stuffed with hypocrisy and likewise instantly confirmed his anger in opposition to him as a result of the authorized motion in opposition to Ripple agency was baseless which additional helped Ripple to win within the courtroom. Ripple vs SECIn July of this yr the courtroom choose dominated in favour of Ripple and with that courtroom ruling Ripple secured partial win within the XRP lawsuit.Later the SEC physique was attempting to attraction in opposition to the courtroom ruling however the courtroom choose rejected the attraction request. Within the newest growth on this case, the SEC physique distanced its toes from this authorized battle and now Ripple & Ripple executives are free from each sort of authorized battle with the SEC.The XRP lawsuit primarily revolved across the nature of the XRP coin which was an unregistered safety token underneath the purview of the SEC physique however now it's legally clear that XRP is just not a safety token and now firms are displaying vital inclination towards Ripple’s enterprise & XRP coin funding.Learn additionally: VanEck predicts Solana (Sol) will hit $3,211 in 6 years [ad_2]

[urbtnews]

U.S. Supreme Court's Decision in SEC v. Jarkesy: Implications for SEC vs Punch TV Studios

SEC vs Punch TV Studios - In a landmark ruling with far-reaching implications, the U.S. Supreme Court has delivered its decision in the case of Securities Exchange Commission v. Jarkesy. This ruling challenges the constitutional foundation of the Securities and Exchange Commission's (SEC) enforcement mechanisms and could significantly impact similar cases, including the ongoing SEC v. Punch TV Studios. This article delves into the Supreme Court's decision, its constitutional arguments, and the potential ripple effects on the SEC’s enforcement capabilities, particularly in the context of the Punch TV Studios case. Download the URBT News App from your App store. Apple / Andriod Background of SEC v. Jarkesy The case of SEC v. Jarkesy centers on George Jarkesy, a hedge fund manager accused of securities fraud by the SEC. The SEC opted to handle the case through its administrative law judges (ALJs), who adjudicate such matters internally. Jarkesy contended that this process violated his constitutional rights, raising three critical issues: - Seventh Amendment Violation: Jarkesy argued that he was entitled to a jury trial. - Unconstitutional Delegation of Power: He claimed the SEC’s ability to choose between administrative proceedings and federal court violated the non-delegation doctrine. - Appointments Clause Infringement: He asserted that the method of appointing SEC ALJs did not comply with constitutional requirements. The Supreme Court's Ruling In a significant decision, the Supreme Court sided with Jarkesy, addressing each of the constitutional issues raised. Seventh Amendment Violation The Court ruled that the SEC’s use of administrative proceedings denied Jarkesy his Seventh Amendment right to a jury trial. Justice Neil Gorsuch, writing for the majority, emphasized that individuals facing substantial penalties should have the opportunity to present their case before a jury, not an administrative judge employed by the prosecuting agency. Unconstitutional Delegation of Power The Supreme Court found that allowing the SEC to decide whether to proceed administratively or in federal court constituted an unconstitutional delegation of legislative power. The Court underscored that such discretion without clear congressional guidelines undermines the separation of powers. Appointments Clause Infringement The Court also held that the appointment of SEC ALJs did not comply with the Appointments Clause. ALJs exercise significant authority and must be appointed by the President, the courts, or department heads, none of which was the case here. Implications for SEC vs Punch TV Studios The Securities Exchange Commission vs Punch TV Studios case involves accusations of securities violations against Punch TV Studios, a company accused of misleading investors. This case, like Jarkesy’s, has been handled through the SEC’s administrative proceedings. The Supreme Court’s decision in Jarkesy significantly impacts this case and others like it. Jury Trials for Securities Cases - SEC vs Punch TV Studios Following the Jarkesy ruling, defendants in cases like SEC vs Punch TV Studios can now demand jury trials. Shifting from administrative proceedings to federal courts will likely burden the judicial system but ensures greater protection of defendants' constitutional rights. Limits on SEC's Discretion The ruling curtails the SEC’s discretion in choosing its enforcement venue. This change requires the SEC to bring more cases to federal courts, demanding clearer legislative guidelines for decision-making. In the Punch TV Studios case, this means a potential shift to a court trial. This could significantly alter the case dynamics. The decision necessitates a reevaluation of the appointment process for ALJs across various federal agencies. The SEC and other agencies will need to align their appointment procedures with constitutional requirements. In the context of SEC vs Punch TV Studios, any decisions made by improperly appointed ALJs could be challenged, potentially leading to retrials or other legal remedies. Broader Implications for Administrative Law - Impact on Other Agencies The Supreme Court’s decision is not limited to the SEC. It casts doubt on the validity of administrative adjudication across many federal agencies, prompting a comprehensive review of their enforcement and adjudication processes. Strengthening Constitutional Protections The ruling reinforces the importance of constitutional protections in administrative law. By highlighting the need for jury trials and proper appointments, the Court has set a precedent that strengthens individual rights against administrative overreach. Increased Judicial Scrutiny Future cases involving administrative agencies will likely face heightened judicial scrutiny. Agencies must ensure their procedures comply with constitutional standards, which could lead to more rigorous oversight and possibly new legislation to define their powers clearly. The Supreme Court’s decision in Securities Exchange Commission v. Jarkesy marks a pivotal moment in administrative law and securities regulation. By upholding the constitutional rights of individuals and emphasizing the need for clear legislative guidelines. The Court has set a precedent with significant implications for the SEC and other federal agencies. The ruling directly impacts ongoing cases like SEC v. Punch TV Studios, mandating jury trials and scrutinizing the appointment processes of administrative judges. As the legal landscape adapts to this decision, both regulators and defendants will need to navigate a new environment, defined by greater judicial oversight and strengthened constitutional protections. U.S. Supreme Court Landmark Decision in SEC vs Jarkesy SEC vs Punch TV Studios Read the full article

[troymurray]

Digifinex Labs: XRP Surges Following Another Triumph in SEC vs. Ripple Battle

In the ongoing battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the company and its top leadership have achieved another significant victory.

Tracing back to December 2020, the SEC initiated its crackdown on cryptocurrency companies, with Ripple being its primary target. Following two tumultuous years, a U.S. judge determined earlier this year that most XRP token sales weren’t unregistered security offerings, favoring Ripple.

Despite this, the SEC pursued charges against both Garlinghouse and Larsen, accusing them of steering the purported illegal sales. However, in a recent announcement, Ripple declared that these executives were absolved from all charges, noting the SEC’s “surprising retreat” as they opted to drop the charges “with prejudice.”

In a pointed response, Garlinghouse stated, “For almost three years, baseless claims from an overzealous regulator targeted Chris and me. Instead of focusing on actual malfeasances on offshore platforms, the SEC pursued us — committed innovators building a U.S.-based, regulated business. We eagerly await the day we can put this behind us, especially now that the SEC’s fruitless campaign against Chris and I has ended.”

This development buoyed XRP’s market sentiment. Following the news, its value jumped from slightly below $0.5 to over $0.52, marking a two-week high. Although it has since slightly corrected, XRP remains up by 6% for the day, hovering above the $0.5 mark.

#btc #sec #etf #digifinex #eth #btcetf

About DigiFinex

DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.