Victor Sepulveda 🏴‍☠️’s Post

#News #RipplesNews #XRPNews #XRPPrice #XRPWhales Whales Transfer 53 Million XRP Amid Upcoming SEC Deadline: Whale transactions of over 53 million XRP have raised concerns about the price of XRP, especially ahead of the SEC’s Ripple litigation deadline. Amid an ongoing day of volatility for the leading cryptocurrencies, the price of XRP has decreased by 4% in tandem with a market-wide selloff.  However, the two substantial transfers of XRP by the […] The post Whales Transfer 53 Million XRP Amid Upcoming SEC Deadline appeared first on Coinscreed.

The SEC requested a $2 billion penalty from Ripple Labs, sparking a debate on the proper penalty for similarly situated settlements. Ripple Labs argued that a post-trial penalty should not exceed a settlement, but the SEC contended that it should. Despite not agreeing to settle, Ripple Labs' arguments were deemed legitimate by the court. The court ruled that sales of the XRP token on exchanges were not sales of securities, while institutional sales of XRP were. This raises the question: should the Federal government discourage good faith litigation? Share your thoughts in the comments. #SEC #RippleLabs #XRP #securities #litigation

#SEC escalates legal dispute with Ripple by targeting its proposed #stablecoin in court filings. #Ripple's intent to launch a dollar-pegged asset draws regulatory scrutiny. XRP's growth is hindered by ongoing legal battles, with prices down 15% YTD. Despite recent gains, XRP faces volatility amid market pressures and regulatory challenges from the SEC. Read full story: https://lnkd.in/gGBcsimm

Investors Update Collective Lawsuit Against Ripple: New Demands and Prospects Investors have filed an updated collective lawsuit against the fintech company Ripple and its CEO Brad Garlinghouse, accusing them of violating securities laws. This lawsuit is a continuation of the legal initiative that began in January 2020. In a statement filed in the Northern District of California, the plaintiffs seek to recognize the violation of federal and local laws in the sale of XRP tokens from July 2017 to June 2023. Individuals and entities that acquired the asset during this period insist on the return of funds spent with interest. Those who incurred losses when selling XRP also expect compensation. They have until April 5, 2024, to opt out of participating in the new collective lawsuit. However, this does not exclude the possibility of filing separate claims against Ripple. The updated complaint comes after the company achieved a partial victory in the U.S. Securities and Exchange Commission's (SEC) lawsuit in July 2023. Judge Analisa Torres concluded that XRP sales and distributions do not constitute an offer and sale of investment contracts. However, the case regarding institutional sales of the coin is ongoing. As part of this investigation, the court has ordered Ripple to provide the requested financial documents to the SEC. #Ripple #XRP #Lawsuit #Cryptocurrencies #Finance #crypto #SEC

Ripple's #XRP surges to $0.52, fueled by legal wins and $3B influx. Could $10 be next? Key insights and predictions! 🚀💹 #Ripple #xrpnews #RippleNews https://lnkd.in/dP52_59e

Judge Torres fines Ripple $125M which would be paid off within 30 days according to Stuart Alderoty. They dropped the lawsuit and I didn’t flinch. The writing on the wall showed why it didn’t the lawsuit didn’t add up. Ripple will dominate the crypto space -and if you haven’t before, you should take a long look at XRP, it can only go up from here. From the use cases, the adoption that has been taking place since the lawsuit dropped, and with the arrival of the Ripple Stablecoin and now full legal clarity, XRP/Ripple will be a goliath. Ripple/XRP is after all the money… The financial system is on a road to a major transformation. Ripple/XRP is the answer to the major financial crisis the US will face soon. $XRP #crypto #finance #banking #xrp #btc #defi

#News #SECDeadline #WhaleShifts #xrp Whale Shifts 28M XRP Ahead of SEC Deadline: Ripple vs. SEC legal battle escalates amid investor demand for clarity, fueled by a notable XRP transfer and anticipation of the SEC’s reply brief. Ripple and the U.S. Securities and Exchange Commission (SEC) are in a bigger legal fight, and investors want more information about the XRP lawsuit. New events, such as the large transfer […] The post Whale Shifts 28M XRP Ahead of SEC Deadline appeared first on Coinscreed.

A federal judge in California rejected four of five claims brought by an investor against Ripple Labs, including class action claims based on alleged failures to register XRP with California and the SEC. The court did not rely on Howey in rejecting those claims, but with the lawsuit reduced to a single cause of action under state law, the main event is still the SEC’s lawsuit in the Southern District of New York, where Judge Analisa Torres held that secondary market transactions in XRP did not involve securities. Recent developments in that case suggest the SEC may be open to a dramatically lower financial resolution than previously demanded. Ripple’s chief legal officer reportedly expressed optimism about the one remaining claim in the California case, stating: “One state law claim, based on a 2017 statement, is going to trial. The plaintiff – who didn’t buy directly from Ripple and can’t say if he even heard the statement before he traded – allegedly lost a couple hundred [dollars]. We look forward to that cross-examination.”    #Crypto #RippleLabs #Investment #AkinCryptoBlock

The SEC has officially filed an appeal in its case against Ripple, focusing on several key issues including the "programmed sales of XRP on the platform" and the distribution of tokens to Ripple employees. The appeal doesn’t contest the $125 million monetary penalty or the ruling on illegally obtained profits but centers on whether XRP sales on Ripple's platform qualify as unregistered securities. Additionally, the SEC is challenging the court's ruling that personal sales made by Ripple executives do not violate securities laws. Interestingly, the appeal was filed later than expected, raising initial concerns. However, while the timing drew some controversy, the situation may not be as critical as it first seemed. #Ripple #XRP #CryptoRegulation #SEC

Ripple Opposes SEC's Motion for Remedial Actions and Final Judgments According to PANews, a legal document shared by former U.S. federal prosecutor James K. Filan on platform X reveals that Ripple has voiced opposition to the U.S. Securities and Exchange Commission's (SEC) motion concerning remedial measures and final judgments. Stuart Alderoty, Chief Legal Officer of Ripple Labs, also expressed on platform X that they oppose the SEC's request for a $2 billion fine for legacy institutional sales behavior. He stated that there were no charges or findings of reckless behavior or fraud in this case, and Ripple won on significant issues. Therefore, he believes that the SEC's request is just another evidence of its continued intimidation of all cryptocurrency behavior in the U.S. He remains confident that the judge will handle this final relief stage fairly. Brad Garlinghouse, CEO of Ripple, commented on platform X that it was appropriate to submit their response on the same day two SEC lawyers resigned due to their improper behavior in the debt box case. He added that long after Gensler leaves, the U.S. will still have to clean up the aftermath of the agency's disastrous policies. Disclaimer: Includes third-party opinions. No financial advice. #SEC #Ripple #SEC #ETF #DeFi #Metaverse #crypto #compliance #news #virtualcurrency #law #USA #India #Tokenization