• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SEC Leadership Change Doesn't Halt Ripple Appeal

user avatar

by Giorgi Kostiuk

a year ago

As leadership at the SEC changes in January, the commission continues pursuing enforcement cases, including its appeal against Ripple concerning XRP.

Current Status of the Ripple Case

Ripple’s CLO Stuart Alderoty reported that the SEC would not delay submitting its appellate brief following the August ruling. Ripple was found liable for $125 million, accused of using XRP as an unregistered security.

What a waste of time and taxpayer dollars.Stuart Alderoty

Changes in SEC Leadership

The upcoming inauguration of Donald Trump on January 20 could impact the SEC's approach to the crypto industry. Brad Garlinghouse hinted there might be changes in regulatory and enforcement strategies following leadership shifts.

Role of Donations and Political Actions

Ripple and its executives are actively involved in political efforts, including substantial donations. Stuart Alderoty donated over $300,000 to Trump-supporting committees. Ripple also contributed $45 million to the Fairshake PAC and announced another $25 million after successful media placements supporting 'pro-crypto' candidates.

The ongoing Ripple case and potential shifts in SEC leadership suggest evolving regulatory perspectives on cryptocurrencies in the United States.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arbitrum Security Council Takes Emergency Action to Freeze Funds Linked to KelpDAO Exploit

chest

The Arbitrum Security Council has taken emergency action to freeze 30,766 ETH linked to the KelpDAO exploit, following law enforcement input.

user avatarSon Min-ho

The Ultimate Hodl Story: A Journey to 1 Billion

chest

An investor turned a modest investment into a billion-dollar profit by holding onto Bitcoin through multiple bear markets.

user avatarAyman Ben Youssef

Strategy Finalizes Significant Bitcoin Purchase.

chest

Strategy has made a significant move in the cryptocurrency market by adding 34,164 BTC to its reserves, amounting to 254 billion.

user avatarNguyen Van Long

Crypto Analyst Predicts Major Shakeout in Altcoin Market

chest

Michael van de Poppe forecasts a significant decline in altcoins, likening it to the early internet bubble. He believes that 99% of altcoins are headed to zero, viewing this as a necessary cleanup rather than a collapse. Despite this stark prediction, he remains optimistic about the future of Bitcoin and Ethereum.

user avatarTando Nkube

LayerZero Faces Backlash Over KelpDAO Exploit Response

chest

LayerZero is facing backlash for its response to the $290 million KelpDAO exploit, blaming KelpDAO's verifier configuration while raising concerns about accountability and design flaws.

user avatarKofi Adjeman

Crypto Fear Greed Index Indicates Market Sentiment Shift

chest

The Crypto Fear Greed Index has climbed above 29 for the first time since January 29, indicating a shift from extreme fear to plain fear in the crypto market.

user avatarSatoshi Nakamura

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.