Despite the rally of $XRP and Ripple's win in court, the appeal may turn out to be ugly for the company and the crypto market
is on"shaky ground." He further noted that the SEC is poised to appeal, which may potentially lead to a reversal.
The ruling in question signifies that the same token can sometimes be regarded as a security and other times not. It is a partial summary judgment emanating from a single district court judge, hence it is not binding in other courts. It is also crucial to recognize that every cryptocurrency case differs based on various circumstances, like the strength of the relationship between the buyer and the seller, the presence of ongoing obligations and more.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Americas: XRP Gains 66% on Ripple’s Partial Court VictoryAfter Ripple Labs scored a partial victory in its fight with the SEC in a court ruling that brought a modicum of regulatory clarity for the cryptocurrency industry, $XRP has surged 66%. LedesmaLyllah and godbole17 report in First Mover Americas
Read more »
Legal Experts Weigh in on Ripple's Partial Victory in SEC Court Fight Over XRPRipple scored a partial win in its fight with the U.S. Securities and Exchange Commission (SEC) after a court ruling that brought a little bit of regulatory clarity for the crypto industry. Willkie Farr & Gallagher LLP Counsel Michael Selig along with INX advisor and former SEC attorney Alex Damsker share their respective insights into the legal judgement. Plus, their thoughts on bail for former Celsius CEO Alex Mashinsky being set at $40 million by a judge after he was arrested Thursday on charges of fraud.
Read more »
XRP Becomes World's 4th Largest Crypto by Market Cap After Ripple’s Partial Court VictoryListen to this episode from The Hash on Spotify. The most valuable crypto stories for Friday, July 14, 2023.'The Hash' tackles today's hot topics, including XRP overtaking BNB token to become the world's fourth-largest digital asset by market cap following Ripple's partial courtroom win. The panel digs into what the ruling could mean for the future of crypto regulation. Separately, bail for Celsius founder and former CEO Alex Mashinsky has been set at $40 million by a judge after his arrest. And, new details on what luxury fashion brand Gucci is doing in the world of NFTs.See also:XRP Overtakes BNB to Become 4th Largest Cryptocurrency; Funding Rates SurgeXRP Trading Volumes Hit $2.5B on South Korean Exchange UpBitEx-Celsius CEO Alex Mashinsky's Bail Set at $40M, Travel RestrictedAuction House of Gucci: Christie’s Teams Up With Luxury Brand on NFT CollectionThis episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
Read more »
XRP Short Traders Notch Highest Losses This Year After Ripple's Partial WinA landmark court ruling drove XRP prices to nearly double in the past 24 hours before receding, with XRP shorts losing the most money so far this year. Coinglass data shows XRP-tracked futures traders racked up a total of $58 million in losses as a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. CoinDesk's Jennifer Sanasie presents 'The Chart of The Day.'
Read more »
Ripple and XRP Triumph May Be Cut Short on Appeal, Thinks SEC VeteranFormer SEC director anticipates Ripple and XRP court victory to face challenges on appeal xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec $xrp
Read more »
Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: NeedhamNeedham raised its price target on Coinbase shares, saying the positive U.S. district court ruling on Ripple’s XRP token should moderately de-risk regulatory pressure on the crypto exchange’s stock. $COIN willcanny99 reports.
Read more »