Ripple and Bitnomial clap back The SEC is facing legal battles with Ripple and Bitnomial over XRP futures, while also suing Cumberland. Bitcoin whales are accumulating, leading to speculation of a potential price pump. Binance executive Tigran Gambaryan was denied bail, Uniswap launched the Unichain testnet, and Tron founder Justin Sun became the Prime Minister … Read more
In Lejilex vs. SEC, Crypto Goes on Offense in the Courts Impact litigation has proven to be effective in shaping industry regulations through successful court cases. Ripple Labs, Uniswap Labs, and Grayscale have all scored major victories in high-profile cases against the SEC, setting important precedents for the cryptocurrency industry. Ripple Labs successfully argued that … Read more
Georgia Selects Ripple Labs As Potential CBDC Partner The National Bank of Georgia (NBG) has shortlisted Ripple Labs as one of nine potential technology partners for its Central Bank Digital Currency (CBDC) pilot project called “Digital GEL”. The NBG aims to test the technological feasibility and applications of a CBDC system. Ripple’s inclusion in the … Read more
SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’ The U.S. Securities and Exchange Commission (SEC) has filed a motion to appeal a ruling from the Ripple Labs lawsuit that stated XRP was not a security. The SEC argues that there are “knotty legal problems” with the court’s interpretation of the law, … Read more
Judge Torres ruled in July that Ripple violated federal securities law in its sale of XRP to institutional investors, but not to retail investors. However, Judge Jed Rakoff disagreed with this ruling in a separate case brought by the SEC. The SEC referenced this disagreement in its first memo and recent filing in an effort … Read more
