Developments in the SEC vs. Ripple Case: Key Updates

user avatar

by Giorgi Kostiuk

2 years ago

The legal battle between the SEC and Ripple brings new developments. A notable point is the decision to file a deferred appendix for cross-appeals.

New Case Filings

The parties have recently filed a stipulation indicating they will submit a deferred appendix for the cross-appeals 21 days after the appellee's brief is served. Despite this, the SEC is still required to file its opening brief by tomorrow.

Role of the New SEC Chair

The XRP community is questioning whether the new SEC chair Paul Atkins could potentially retract the appeal. Legal expert Bill Morgan expressed uncertainty, suggesting that a vote by all five commissioners might not be required. Former SEC lawyer Marc Fagel weighed in, stating that a newly-formed SEC would likely need to vote to dismiss the appeal, although it would be a highly unusual move.

XRP Price Rally

Meanwhile, Ripple’s XRP is currently up by more than 12 percent and is now eyeing to break the crucial $3 mark. The altcoin is currently trading at the $2.85 mark after hitting a high of $2.87. Ahead of Donald Trump's inauguration on January 20, crypto leaders will gather to discuss the future of cryptocurrencies.

The situation with SEC and Ripple continues to unfold, with XRP's price showing positive momentum. Further changes are anticipated depending on the actions of the new administration.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Kraken Parent Payward Secures Approval for Kazakhstan Operations

Payward has received in-principle approval from the Astana Financial Services Authority for its proposed operations in Kazakhstan.

user avatarKofi Adjeman

Central Bank of Ireland Imposes Fine on Coinbase Ireland Limited

On October 22, 2023, the Central Bank of Ireland fined Coinbase Ireland Limited 3,252,618 euros for breaches of safeguarding and outsourcing obligations.

user avatarNguyen Van Long

HashKey RWA Introduces First Product in hToken Series

HashKey RWA has launched its first product in the hToken series, aimed at standardizing the issuance of tokenized securities for traditional financial institutions.

user avatarSatoshi Nakamura

Coinbase Announces Discontinuation of GYEN Stablecoin Support

Coinbase has announced the discontinuation of support for the yen-linked GYEN stablecoin as its issuer, GMOZcom Trust Company, retires the product.

user avatarJesper Sørensen

Hong Kong Approves Secondary Trading for Tokenized Money Market Funds

Hong Kong Securities and Futures Commission approves secondary trading for two tokenized money market funds, enhancing trading opportunities and liquidity.

user avatarRajesh Kumar

Bitmine Immersion Technologies Reports Significant Ethereum Holdings

Bitmine Immersion Technologies has filed an update with the SEC revealing significant Ethereum holdings of approximately 605 million ETH and total investments around $15 billion.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.