Extensive XRP Transfers and Bitnomial's Suit: SEC Under Threat

by Giorgi Kostiuk

a year ago

Crypto watchers noted significant XRP transactions amidst legal battles between Ripple and the SEC.

Millions of XRP on the Move

A total of over 216 million XRP was transferred. Specifically, 52 million XRP were sent to Bybit, followed by a withdrawal of 30 million XRP. The largest transaction was 104,035,551 XRP, sparking considerable interest in the XRP community.

104,035,551 XRP (55,979,341 USD) transferred from unknown wallet to unknown new wallet.Whale Alert

Reactions to the Latest Ripple Events

Last week, the SEC attempted to appeal the recent case against Ripple, but the court reduced the fine amount. These events follow SEC's attempts to classify XRP as a security.

Bitnomial's Lawsuit Against SEC

Crypto exchange Bitnomial sued the SEC, accusing the regulator of overreaching its jurisdiction over digital asset derivatives. Bitnomial claims their products fall under CFTC jurisdiction and seeks formal protection in court.

Bitnomial is seeking a formal judgment to protect futures markets participants from SEC's overreach.Bitnomial

Recent events draw attention to SEC actions and the future of XRP amidst ongoing jurisdictional legal battles over crypto instruments.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

TAO Price Experiences Significant Correction

The TAO cryptocurrency has seen a dramatic price correction after a significant rally.

Rajesh Kumar10 minutes ago

Trump's Interest in DC Golf Courses Sparks Political Debate

Donald Trump's alleged interest in controlling Washington, DC's public golf courses has surfaced, raising discussions about land use and political influence.

Miguel Rodriguez21 minutes ago

Massive 204 Million USDT Transfer Sparks Market Speculation

A significant transfer of 204 million USDT from an unknown wallet to the exchange OKX has raised questions about its implications for the cryptocurrency market.

Luis Flores25 minutes ago

Intraday Selling Pressure Eases for Dogecoin

Intraday selling pressure for Dogecoin has eased, signaling a potential balance in the market.

Arif Mukhtar41 minutes ago

Vanguard Executive Questions Bitcoin's Investment Value

During a Bloomberg event in New York, Vanguard's John Ameriks expressed skepticism about Bitcoin's long-term investment viability, comparing it to collectibles.