Even though this is only an initial stage of the court battle, the market responded positively to the news. Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. As CNF reported, Judge Analisa Torres of the Southern District … Source: TradingView Partnership material. WANCHAIN is a Ripple partner, so is a QFS coin. Attorney Deaton did not give up and refiled the motion, representing 10,000 XRP holders the second time. XRPUSD. Binance (BNB) is more than likely a QFS coin too. The price is up by 259% in a year. At press time XRP was trading at $0.56 and has been up by 1.9% in the past hour.. 04/15/2021 - 14:16. In any case, following the reports, the price of XRP reacted positively, adding around 12% to its dollar value. XRP price seems to be coiling up for a massive move up if it breaches the supply barrier at $0.62. Ripple continues to be locked in a court case trying to establish the status of XRP. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. use case is for crypto inheritance distributions. The filing was said to include a pre-motion letter to the SEC, giving them an opportunity to respond. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Superfarm has for everything NFT. ... Just today, after the court hearing,... Ripple 1 week ago. Source: TradingView Federal judge Analisa Torres handling the Securities and Exchange Commission (SEC) case against Ripple has denied the XRP Army’s request to serve as third-party defendants in the case. It’s worth noting that the bull run of Ripple’s native digital token has only intensified after the latest court ruling. Required fields are marked *. As a result, there is now a new hope among XRP fans that crypto platforms could lift their ban on XRP trading, even before a final ruling from the court. According to the court filings, the motion to intervene argues the interests of token holders who were not being adequately represented in the lawsuit against Ripple and its executives. At the time of writing, Ripple’s XRP was down by 0.27% to $0.56856. SEC Accusations January 12, 2020 January 12, 2020 Nelson ripple news, xrp news, xrp ripple news 2019 ended with a rather disappointing sub-twenty cents per XRP, yet the good news continues to … The filing, therefore, came on the basis of the need for XRP holders to represent their interests. On the news, XRP price climbed by nearly 38% from $1.01 up to a high of $1.39 before correcting and settling at $1.30 as of press time. The SEC urged the court on March 26 to prevent XRP holders from intervening in the case. Hogan suggested that this means that the exchanges which delisted XRP due to this case were not and would not violate the securities law if they relisted it. 2- Buying XRP through Credit/Debit Cards Using Changelly. ... Ripple Helps Shift 100 Million XRP Between Major Crypto Exchanges. 04/15/2021 - 06:22. The SEC argued that “if the Court permitted Movants to intervene, all other XRP holders, including a large class of XRP investors who has already sued Defendant Ripple Labs, Inc. (“Ripple”) for unregistered offers and sales of XRP securities, would likely seek to intervene, too. According to him, the SEC's attorney replied that only Ripple and its employees can sell it illegally. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.57270 before falling to a low $0.56828. After Deaton filed a formal pre-filing pleading, he was granted permission to file a motion to intervene in the ongoing case on behalf of over 10,500 XRP holders. In addition, Deaton disclosed that XRP holders had suffered $15 billion in losses following the SEC’s announcement of its lawsuit against Ripple. XRP traded around $1 yesterday but has skyrocketed by roughly 40% and reached a new 3-year high of $1.4 (on Bitstamp). Follow us on Twitter or join our Telegram. Bitcoin Price Prediction: BTC/USD Turns Positive as Price Revisits $58,000 Resistance, Your email address will not be published. The federal court has agreed to hold a telephonic discovery conference in response to Ripple’s request that the SEC be forced to produce documents related to Bitcoin and Ethereum’s non-security status. Cryptocurrency lending platform Nexo has been charged to court by an XRP user for losses incurred after the platform suspended the XRP trade. Ripple Labs, the issuer of the payments token, faces scrutiny in US courts for its alleged role in misguiding investors and selling an unlicensed security. We now have access to the Ghislaine Maxwell court case. Soon after SEC accused Ripple, Chris Larsen, and Brad Garlinghouse of illegal security offering through XRP, Ripple moved roughly 39 million XRP or $12,602,808 at the time to this wallet address. This being the case, exchanges that have stopped selling XRP since the SEC action could now potentially relist it, according to Hogan, who stressed he wasn’t offering legal advice. The Judge also "skeptically made a remark to the SEC attorney that based upon his theory everybody who's sold XRP [...] are selling illegal securities," Hogan said. Attorney John E. Deaton has filed the pre-motion letter, initiating a second attempt at intervention in the case between Ripple and the SEC. Recall that Deaton had previously filed a Petition for Writ of Mandamus in Rhode Island Federal District Court, asking the SEC to amend its complaint to limit the impact on XRP holders. Ripple’s executive chairman has asked a U.S. court to dismiss a U.S. Securities and Exchange Commission (SEC) lawsuit alleging securities violations relating to sales of the XRP cryptocurrency. The SEC urged the court on March 26 to prevent XRP holders from intervening in the case. Is a WINK partner. According to the ruling, … At the time of writing (14:07 UTC), XRP, ranked 7th by market capitalization, trades at USD 0.563 and is up by 11% in a day and 27% in a week, almost erasing its monthly losses. The business minted a new cryptocurrency, XRP, which it began selling off. this is scheduled for April 6. One of the major differences between XRP and other cryptocurrencies has been that XRP is sold by Ripple in segments for select periods of time. The lawyers representing Ripple’s Chief Executive Officer and co-founder, Brad Garlinghouse and Chris Larsen had asked Judge Torres to compel the SEC to release the documents in its recent filing. More than 6000 XRP holders had wanted to intervene in the Ripple case as they were represented by XRP holder and Deaton Law Firm managing partner John E. Deaton. All of this … On March 29, the court granted a group of XRP holders the right to file a motion to intervene in the case against Ripple by April 19. Also, the XRP supporter group can now file a motion to intervene in the case. The latest price jump has pushed XRP back into the top 10 cryptocurrencies by market cap. today, but investors are already betting on a favorable outcome. ZAP on Bitrue is expecting 80K profits. This is due to the fact that crypto exchanges had to delist or suspend XRP training after Ripple was sued. - Ripple and YouTube End the Court Battle There is an NFT boom coming! Although the court allows the SEC to respond to the motion within a given time frame of three business days, it has however requested an extension until March 22. The distinction is important as the SEC is alleging Ripple and two of its executives violated U.S. securities laws in selling XRP to retail consumers. Magistrate Judge Sarah Netburn asked if there is any evidence that the trading records provided are incomplete or fraudulent, to which Hogan said the SEC didn't have "a good response.". - SEC Hits out at Ripple’s ‘Lack of Due Process’ in Letter to Judge only has XRP trading pair. If it can find a message that fits the bill to label XRP as a currency rather than a security, it could be a knockout blow to the SEC’s case. And, by coordinating and working together on several topics touching on the case, the ‘XRP Army’ aims to alter public opinion across social media. The holders blame … Remember, all trading carries risk. Meanwhile, Ripple still awaits SEC’s response after it demanded that it produce documents relating to the two largest cryptocurrencies, Bitcoin and Ethereum. For now, there is no official announcement on the court’s position. At this point, over 10,000 XRP investors support the motion. This discovery hearing was related to one of the four pending main motions in the case, specifically to compel the discovery of the documents by the SEC related to two executive's financial information. At press time, XRP was up around 10% and trading at $0.52. Whether this extension would allow the legal team of XRP holders to file another motion to intervene or not is unknown at this time. More than 6000 XRP holders had wanted to intervene in the Ripple case as they were represented by XRP holder and Deaton Law Firm managing … In her order, Judge Analisa Torres also ruled on the time schedule. Both parties agreed on a management plan for how the case and the trial of XRP should play out. Ripple Responds to SEC in Court. This Case Is Going To Shock The Entire World.. and it should!! Ripple Price Prediction: Can XRP/USD Bulls Finally Break Above $0.55 Resistance Level? The SEC, he stated should have amended the complaint so as to provide clarity to the markets. Also, according to the attorney, the Judge said that her "understanding about XRP is that not only does it have a currency value but it has a utility and that utility distinguishes it from bitcoin and ether." good time to buy SHA.. is QFS Coin. The trial opposing the SEC and Ripple over the sale of XRP tokens will begin on February 22, 2021, and will be hosted via video call. Ripple was founded in 2012 as one of the US’s early cryptocurrency companies. XRP traded around $1 yesterday but has skyrocketed by roughly 40% and reached a new 3-year high of $1.4 (on Bitstamp). https://insidebitcoins.com/visit/etoro-news, https://insidebitcoins.com/visit/plus500-news. The SEC argued that “if the Court permitted Movants to intervene, all other XRP holders, including a large class of XRP investors who has already sued Defendant Ripple Labs, Inc. (“Ripple”) for unregistered offers and sales of XRP securities, would likely seek to intervene, too. Per the court order, the opportunity for new parties to enter the case has now passed, unless either of the parties apply for a special court order – in which case they will have 30 days to submit an appeal. ... Case of Huobi. XRP … Past performance is no guarantee of future results. An XRP holder himself, Deaton, noted that the SEC’s action has resulted in the decline of the cryptocurrency’s value by over $15 billion. The lawyer further argued that the XRP holders’ interests were not adequately represented which was why they can not just sit back and rely on Ripple’s efforts alone. The looming case against Ripple is said to revolve around the company’s alleged control over XRP. It was signed by over 10,000 XRP holders at the time of filing. - Fact-checking Ripple’s Claim that ‘Many G20 Gov’ts’ Call XRP a ‘Currency’, Sign in with email to receive news and updates, SEC Lists 3 Reasons for Seeking Ripple Execs' Financial Info on XRP Deals, SEC Hits out at Ripple’s ‘Lack of Due Process’ in Letter to Judge, Fact-checking Ripple’s Claim that ‘Many G20 Gov’ts’ Call XRP a ‘Currency’, Why NFTs Aren’t Just for Art and Collectibles, The Great Depression and Money Printers of Today, Almost USD 10 Billion Liquidated Amid Sunday Selloff In Crypto Market, Crypto and Traditional Finance To Merge Via M&As, Dunamu Nasdaq Listing ‘Could Raise USD 17.9B’ – Analysts, 6,000+ XRP Holders Want to Testify, Bitcoin Stimulus + More News, SEC ‘Wants to Know How Much We Spend on Groceries,’ Say Ripple Execs. Our Ripple XRP latest news also keeps investors updated in this case as well. XRPUSD. - SEC Lists 3 Reasons for Seeking Ripple Execs' Financial Info on XRP Deals XRP Price Blasts Through $1 Mark For the First Time Since March 2018. The official pre-trial court date for the US Securities and Exchange Commission (SEC) ’s lawsuit against Ripple for the sale of XRP tokens has been set. Deaton filed a motion to intervene in Ripple’s legal battle on behalf of the XRP enthusiasts. At the time of publication, there is no official court documentation available to confirm these statements. As this report was written, XRP is the only coin in the top-10 by market cap to rise over the last 24 hours. One of the largest problems that the investors have to in buying Ripple is buying Ripple XRP with a bank, debit card and credit card.This is because only a few exchanges give you the option to directly buy XRP through your credit/debit cards.Most of the time, you have to buy Bitcoin or any other cryptocurrency and then … To achieve that goal, it is necessary to convince the judge and jury that XRP functions as a currency first and a utility second. "On a scale of 1-10, this hearing was an 11 for Ripple," attorney Jeremy Hogan, who is not one of the lawyers in the case, said in a video, claiming the regulator's lawyer allegedly implied that exchanges wouldn't be violating securities laws by relisting XRP. An XRP holder himself, Deaton, noted that the SEC’s action has resulted in the decline of the cryptocurrency’s value by over $15 billion. In what is a major victory for many in the XRP Community, Attorney John Deaton has been granted permission to file a motion to intervene in the ongoing case between the SEC and Ripple Labs on behalf of a section of XRP holders by Judge Analisa Torres. Recent statements by an attorney who claims to have attended a court hearing in the ongoing US Securities and Exchange Commission (SEC)'s case against blockchain company Ripple might have helped XRP today.. At the time of writing (14:07 UTC), XRP, ranked 7th by market capitalization, trades at USD 0.563 and is up by 11% in a day and 27% in a week, almost erasing … On March 19, Deaton Law Firm wrote a letter to District Judge Analisa Torres on behalf of XRP holders, as proposed intervenors. According to Deaton, most US exchanges had delisted or suspended the trading of XRP entirely and this has caused the XRP held by XRP holders untradeable and useless. XRP is the seventh largest cryptocurrency in the world with a market capitalization of more than US$27 billion. With the latest ruling going the firm’s way, one can expect the cryptocurrency to keep surging, despite some corrections setting in at press time. Deaton who filed the motion on the 14th of March had hoped the Judge would allow XRP holders entrance into the case because of how it affected them. Attorney Deaton did not give up and refiled the motion, representing 10,000 XRP holders the second time. Your email address will not be published. Well Thank God (most of) The Names Are Finally Available To The Public. Long-Term Bitcoin Holders Start Accumulating BTC First Time Since It Was $12,000: Glassnode. Ripple has been fighting the case that this digital asset is not in any form resembling a security, and should exist outside the scope of the Securities and Exchange Commission. It’s worth noting that the bull run of Ripple’s native digital token has only intensified after the latest court ruling. Despite the massive surge in price which now gives XRP a 2021 gain of more than 550%, XRP is still down around 60% from its all-time high of $3.29 set on January 4th, 2018. Other crypto whales moved 365.7 million XRP in total, within 24 hours, in December last year. The price of XRP has increased by over 20% in the past two weeks and is currently trading at US$0.57 as of publishing time, close to the level in … As for XRP, the token has been surging up the charts lately, with the same up by over 90% in the month of April. The motion however was dismissed without prejudice which means that Deaton and other lawyers representing the XRP holders can still bring back the motion by refiling as it has not been dismissed forever. Learn more: ___ XRP pumps XRP Market Reaction. The supposed cause for this seems to have been yesterday’s discovery hearing in the SEC vs. Ripple case, which produced two “surprise bombshells” in favor of Ripple, as analyzed by Jeremy Hogan. Additionally, per Hogan, after the motion to intervene - filed by XRP holders who were alleging that they were not being adequately represented in the lawsuit - had been denied, the letter was refiled, asking for the court to allow "over ten thousand XRP Holders" to intervene in the action. Recent statements by an attorney who claims to have attended a court hearing in the ongoing US Securities and Exchange Commission (SEC)'s case against blockchain company Ripple might have helped XRP today. Hogan said that Netburn is resting her statement on two premises: XRP having currency value and utility - which is opposite of a security, which the SEC argues XRP is. The case … … Cryptonews.com has contacted Ripple and the SEC for comment. The XRP price has seen a positive effect as the Ripple v. 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