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Updated December 2, 2024 at 4:02 PM. XRP has surged 40% in the last 24 hours boosted by positive regulatory news. ... Those lawsuits include a long-running SEC case against Ripple, ...
The defendants agreed to turn over all data involving XRP transactions. [33] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
XRP saw a rather interesting weekend, with over 120 million tokens transferred across platforms as price noted a 9% fall. 120 Million XRP Moved as the Ripple Lawsuit Expert Discovery Wraps Up Skip ...
The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms. [ 8 ] [ 3 ] Transactions are validated by a network of independent validators who reach consensus every 3 to 5 seconds, enabling rapid transaction settlement. [ 8 ]
A disgruntled XRP investor has filed a class-action lawsuit against Ripple, alleging that the company violated US and state-level securities regulations by selling the token to the general public.
Used American hip hop artist Kanye West as its mascot, abandoned after he filed a trademark lawsuit. OneCoin: Ruja Ignatova and Stephen Greenwood A Ponzi scheme promoted as a cryptocurrency. 2017 BitConnect: BCC BitConnect was described as an open source, all-in-one bitcoin and crypto community platform but was later discovered to be a Ponzi ...
SEC v Ripple news updates appear to favor Ripple’s defense. Despite this, XRP continues its pullback from $0.91 levels struck in late March.
AMG Capital Management, LLC v. Federal Trade Commission, 593 U.S. ___ (2021), was a U.S. Supreme Court case dealing with the ability of the Federal Trade Commission (FTC) to seek monetary relief for restitution or disgorgement from those that it found in violation of trade practices.