XRP spikes 4% following Ripple’s latest response to SEC

2023-4-14 13:30

Ripple XRP grew 4% in the last 24 hours to as high as $0.53475 at the time of writing, according to CryptoSlate data.

The surge in price follows Ripple’s response to the U.S. Securities and Exchange Commission’s (SEC) letter of supplemental authority regarding its motion for summary judgment.

Ripple’s response

An April 13 letter by Ripple’s lawyer Michael K. Kellogg countered that the SEC’s Commonwealth case argument does not apply to the legal battle between the crypto firm and the financial regulator.

The SEC previously wrote that its enforcement action against the investment firm Commonwealth Equity Services provides an additional authority for the court to reject Ripple’s fair notice defense claims.

Kellogg said the Commonwealth case was “an out-of-circuit, unpublished district court opinion.” The Ripple lawyer further argued that the case lacked contemporaneous evidence to support its defense.

Kellogg noted that “reasonable market participants, trying to understand what the SEC would permit or prohibit, concluded that Defendants’ offers and sales of XRP were not ‘investment contracts,’ and told the SEC so.”

“There is also abundant evidence that the SEC was not only aware of the widespread regulatory confusion but helped to sow it by repeatedly offering (and then disclaiming) vague guidance that differed from the Howey test.”

The Ripple lawyer concluded that the SEC’s argument that it had an “unbroken chain of district court decisions rejecting fair notice defenses” were irrelevant to its case as “The Court has already rejected” the regulator’s reliance on them.

Earlier in the week, a pro-XRP lawyer Jeremy Hogan highlighted why the SEC’s classification of XRP was wrong. Hogan argued that the token doesn’t fit into the “investment contract” category espoused by the financial regulator.

XRP is the best-performing top 10 asset in the last 30 days. During the period, the digital asset has outperformed Bitcoin (BTC) and Ethereum (ETH) by more than 20%, according to CryptoSlate data.

The post XRP spikes 4% following Ripple’s latest response to SEC appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5241 (-0.04%)
Объем 24H $1.173b
Изменеия 24h: -0.38 %, 7d: -0.73 %
Cегодня L: $0.5215 - H: $0.5247
Капитализация $29.051b Rank 7
Цена в час новости $ 0.5149 (1.79%)

ripple xrp sec response commission follows exchange

Источник: cryptoslate.com

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

London Stock Exchange’s new crypto ETNs see sluggish start, only 200 shares traded

Quick Take On May 28, the London Stock Exchange opened trading for crypto exchange-traded notes (ETNs), but access was restricted to regulated financial investors, excluding retail traders. This development raises questions about the demand for these ETNs, especially since European investors have already had access to digital asset ETFs for some time now.

Криптоаналитика: обзор рынка биткоина (BTC) и альткоинов. Ключевые данные за неделю

За последние 24 часа рынок криптовалют буквально засиял новыми красками! Bitcoin и несколько альткоинов показали значительный рост, хотя это только начало. BNB, Ripple, Dogecoin и Solana порадовали инвесторов своим ростом, подтвердив положительные тенденции на рынке.

Coinbase resumes XRP trading in New York

Cryptocurrency exchange Coinbase has resumed XRP trading in the state of New York again following a 2021 suspension. Paul Grewal, Coinbase’s chief legal officer, announced on X that XRP is now available to trade in the state. “We heard you…

Coinbase resumes XRP trading in New York

Coinbase's Chief Legal Officer said the exchange has resumed XRP trading for New Yorkers following collaboration with the State. The post Coinbase resumes XRP trading in New York appeared first on Crypto Briefing.