Ripple

XRP lawsuit update: Ripple opposes SEC's motion to strike citing 'cherry-picked facts'

XRP lawsuit update: Ripple opposes SEC’s motion to strike citing ‘cherry-picked facts’

The SEC v. Ripple battle has prolonged itself for more than five months now, yet there are no signs of it concluding. The lawsuit further unfolded on Thursday after Ripple filed its Memorandum of Law in opposition to SEC’s “lack of due process” and “fair notice” criticism. The regulatory watchdog has also accused Ripple Labs …

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Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and CEO Brad Garlinghouse also “effected personal unregistered sales of XRP totaling approximately $600 million.” This action instigated by the SEC resulted in the immediate drop …

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Personal financial records of Ripple execs sought by the SEC

Personal financial records of Ripple execs sought by the SEC

The cryptocurrency market has been witnessing quite an event unfolding between the U.S. Securities and Exchange Commission and Ripple. There has been a lot of back and forth between the two parties and as per the latest development, the SEC is seeking the personal financial information of the Ripple executives named in the lawsuit. Ripple …

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Ripple CEO: XRP will continue trading, even if Ripple ceases to exist

Ripple CEO: XRP will continue trading, even if Ripple ceases to exist

Ripple CEO Brad Garlinghouse has once again addressed the SEC lawsuit against his company. In a recent interview, Garlinghouse countered the allegations and said that the legal action was “misguided” and that its crypto asset has traded for eight years in the US before regulators filed the lawsuit last December.  Recently, the Commission chose to …

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Bittrex delists XRP in wake of SEC proceedings against Ripple

Bittrex delists XRP in wake of SEC proceedings against Ripple

It looks like the fate of XRP continues to wane as yet another exchange suspended trading of Ripple’s native crypto today. Crypto exchange Bittrex said that it has paused XRP trading, because of the US Securities and Exchange Commission accusing Ripple as well as co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over …

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Ripple Is Cashing Out a Third of Its Stake in MoneyGram

Ripple Is Cashing Out a Third of Its Stake in MoneyGram

Blockchain payments firm Ripple is selling roughly one-third of its stake in MoneyGram, in its first such sale of company stock since the startup invested in the remittance giant in 2019. According to a U.S. Securities and Exchange Commission filing on Friday, Ripple owns 6.22 million shares of MoneyGram, or 8.6% of shares outstanding, plus …

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