During a March 19 hearing, Jorge Tenreiro, a senior trial attorney at the U.S. Securities and Exchange Commission, told Magistrate Judge Sarah Netburn that XRP cannot be compared to Bitcoin and Ethereum, refuting the talking points of Ripple CEO Brad Garlinghouse’s legal counsel Matthew Solomon: He has a full plate, one of which is the SEC lawsuit for securities violation against Ripple and it could determine the future of XRP and other cryptocurrencies in general. The defendants deny the allegations, arguing that XRP doesn't constitute a security. The latest twist in the SEC vs. Ripple lawsuit has the U.S securities regulator file a reply memorandum in further opposition to the motion to intervene, a new filing shows. SEC says XRP investors brings nothing new to the case The regulator also noted that investors did not provide new arguments on the merits of the case. XRP Price May Boost From the Recent SEC Amendment? The third virtual hearing in Ripple Labs vs SEC begins is live now. Share Followers 1. No Ripple-SEC lawsuit settlement in sight as XRP prices tumble Ripple and SEC face off in a pretrial conference as MoneyGram, the world's second largest money transfer provider, suspends trading on Ripple's platform. Judge Netburn asked Ripple's lawyers about its use cases and differentiation from BTC and ETH. In particular, the trial will not begin on 22 February. Palley predicts the San Francisco payment company will lose. Interestingly, this price surge comes as XRP investors and fans have been making huge demands to exchanges to relist XRP after the latest SEC hearing. A lot less will happen than many people expect. The coin had earlier dropped from over $0.7 in November 2020 to under $0.25 in January 2021 following news of the hearing. Currently, XRP price appears to be poised to hit the target at yearly highs above $0.8. Former SEC executive Joseph Hall is among those who think Ripple is likely to win the SEC case. US attorney Jeremy Hogan thinks that if no agreement is reached between the SEC and Ripple, the case could extend until 2023. XRP recovers ahead of SEC vs. Ripple court hearing. ... Tame contents. The post XRP Price Shoots 15% Amid Huge Investor Demand to Relist XRP After the Latest SEC Hearing … Hearing in SEC Case Positive for Ripple, XRP, Says Lawyer March 22, 2021 John Ripple 0 A lawyer has described as “bombshells” comments made by the magistrate judge in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC… The SEC also filed actions against Brad Garlinghouse, Ripple’s chief executive, and Chris Larsen, the company’s co-founder. The SEC filed its amended complaint on February 18, but the news seems to have gathered steemed right before the first court hearing in the lawsuit. XRP ; Press ; Ripple/SEC pre-trial hearing (audio only) Ripple/SEC pre-trial hearing (audio only) By Gambaard, February 22 in Press. The lawyer James K. Filan says that the XRP community could play a major role in the ongoing legal case between the United States Securities and Exchange Commission (SEC) and Ripple Labs, a blockchain tech-based cross-border remittance payments company based in San Francisco. XRP price today rose above the key resistance of $1.57 to create a new weekly high of $1.64 rising by 15% for the day. The price of XRP did spike nearly 20% before correcting by 5% in the wake of the lawsuit amendment news. NMNR 293 Posted February 22. What happened: The recent momentum on Ripple has waned as the market continues focusing on the SEC lawsuit. XRP prices have increased 20% in the past day, and over 103% in the past month, data from markets tool CoinGecko shows. Just a bit of procedural scheduling. On the weekly chart, XRP is one of the best performing cryptocurrencies in the top-ten list with nearly 35% gains in the last seven. XRP pumps. The coin had earlier dropped from over $0.7 in November 2020 to under $0.25 in January 2021 following news of the hearing. #XRP #ripple Attorney Hogan Talks About the Surprise Bombshells Dropped at the SEC v. Ripple Discovery Hearing! Gary Gensler is the new SEC chair after confirmation by the U.S Senate in a 53-45 vote yesterday. However, this has certainly instilled fresh optimism in the crypto community. The SEC has taken Ripple to court to settle the matter. It seems that the upcoming court hearing does not really worry XRP token users. 19. XRP pumps. Hearing in SEC Case Positive for Ripple, XRP, Says Lawyer March 22, 2021 Rene Cobian Ripple 0 A lawyer has described as “bombshells” comments made by the magistrate judge in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and … They further claim that the XRP holders will not provide any new information to the court. The SEC was taken by surprise when Ripple’s attorney raised the 2019 incident of a large cryptocurrency exchange reaching out to the SEC for clarity on XRP There are likely to be discovery disputes with regards to the information presented by Ripple near the end of the first hearing about a large crypto exchange reaching out to the SEC in 2019. The SEC last week alleged that Ripple, as well as its co-founder, Chris Larsen, and its CEO, Brad Garlinghouse, have raised $1.3 billion in ongoing, unregistered securities sales since 2013. The previous day, former SEC member Mary Jo White stated that the SEC’s case against Ripple was a grave mistake. “By the start of the hearing today the telephone system MAXED OUT at 4K listeners! About halfway through the hearing the Judge skeptically made a remark to the SEC attorney that based on his theory, EVERYONE who sold XRP – including you and me – are selling illegal securities and THIs is What the SEC lawyer said on the record. The SEC claims that the six named individuals do not fall under “ amici curiae, ” which is Latin for “friend of the court.” Instead, if allowed to participate in proceedings, the SEC claims the six would act as friends of the Defendant. Instead, they paraphrased the theses of Ripple’s lawyers regarding the legal status of XRP, the intended use of the token, and other issues that have already been stated by the participants in the process. XRP rises over 15% to register a new weekly high of $1.64. After yet another hearing between the Securities and Exchange Commission (SEC) and Ripple, the crypto community … Ripple (CCC:XRP-USD), the company behind the XRP cryptocurrency, went another round with the U.S. Securities and Exchange Commission (SEC) in a hearing … XRP prices have increased 20% in the past day, and over 103% in the past month, data from markets tool CoinGecko shows. Hearing in SEC Case Positive for Ripple, XRP, Says Lawyer Attorney Jeremy Hogan says Ripple would be "feeling pretty good" with comments from the magistrate judge in the SEC… Settlement is unlikely until the end of Discovery - at least 6 months. “Relist XRP” Tweets Trend on US Twitter Following SEC-Ripple Hearing, XRP Surges by 13%. He said “ No, under Section4 , only Ripple and affiliates of Ripple can have sold XRP illegally. NMNR. During the day, the cost of the cryptocurrency has grown by 15% and today is trading at around $0.57. Despite the ongoing legal battle with the Securities and Exchange Commission and today’s hearing, Ripple’s native digital asset has exploded in value in the past few days. The currency has a market cap of more than $60 billion. In a report by Bloomberg, the SEC will continue with its lawsuit under the new chairman, Gary Gensler. Seems like the SEC have already laid out all their cards, and it seems like none of those cards are shiny Charizard's. While the SEC still alleges that Ripple Labs and its lead executives have violated securities laws with $1.3 billion generated from XRP sales, it now accuses Garlinghouse and Larsen of purposely manipulating XRP’s price by increasing and decreasing their XRP sales depending on market conditions. 2021-02-23 06:15:04 Yesterday was the SEC vs Ripple Pre-Trail Hearing and Ripple disclosed they have evidence that a major exchanged asked for guidance on XRP's security status in 2019 and the SEC failed to give any classification for XRP. Bitcoin searches in Turkey spike 566% after Turkish lira drops 14% SkyBridge Capital latest to file Bitcoin ETF application with US SEC Hearing in SEC Case Positive for Ripple, XRP… By Michelle Lim; February 23, 2021 (Updated: February 24, 2021) 5 minute read MISSION ACCOMPLISHED!” Regardless of who wins in SEC v. It looks like Ripple is going to win and XRP will be viewed as currency and if this happens there will be huge swings back and forth in the price especially if the judge orders Ripple to sell off the majority of the XRP they currently have. The SEC - Ripple Labs, et al cases underwent an initial hearing in SDNY on Mar. The SEC alleges Ripple illegally sold XRP as an unregistered security upon its launch, and maintains that the digital asset is a security to this day. The XRP price is trading at $1.3280, which is 32% below its YTD high of $1.9652. … The initial hearing on the SEC versus Ripple is on Feb 22nd 2021 in relation to XRP being a security. SEC is currently in the “discovery” period with its case against Ripple—a phase of the trial set to run until August 16, 2021. And hence a positive impact may also be incoming for the XRP price. The XRP price has rallied despite the ongoing $1.3 billion lawsuit filed by the US Securities & Exchange Commission (SEC) against Ripple Labs. The Court is very aware of the “High Interest” in the case (quote from Judge Netburn). XRP’s price has surged to a 3-year high of $1 as Ripple prepares for today’s hearing against the SEC. Another It is extremely volatile and believe me XRP in general will become even more volatile after the SEC lawsuit. “Congratulations XRP People,” lawyer Jeremy Hogan tweeted Friday. Recently, in a Twitter thread, the lawyer shared his thoughts on the […] However, post to the latest SEC-Ripple hearing, it was pretty clear the Ripple’s case is becoming stronger and stronger each day. Not sure if exchanges will soon list the XRP crypto back on their respective platform. The motion to intervene on behalf of XRP holders was granted by Judge Torres in late March, following the unsuccessful attempt by the SEC to oppose the move.It sets out to bring the views of 12,600 XRP holders into the case. Could be earlier, but unlikely until Gensler is well seated at the SEC. Shine Li Mar 23, 2021 04:00 2 Min Read. The SEC has explained the difference between XRP and Bitcoin to the judge. The question, and others, set XRP higher in a largely dormant market. XRP lawsuit: Attorney says it's ... Hogan also noted that if he was the Judge in this matter, then the SEC attorney would “leave the hearing on this with red ears if not sanctions of some sort.

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