• 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

Blockchain.com Launches in Ghana, Ties Crypto to Mobile Money

chest

Blockchain.com has launched operations in Ghana, focusing on integrating crypto payments with the country's mobile money system.

user avatarDiego Alvarez

Shantanu Narayen to Step Down as CEO of Adobe

chest

Shantanu Narayen, the CEO of Adobe, announces his plan to step down after nearly two decades, while remaining as board chair.

user avatarKenji Takahashi

Tech Companies Restructure Amid Rise of Generative AI

chest

Tech companies are restructuring and cutting jobs in response to the rise of generative AI, focusing on hiring experienced developers.

user avatarMaria Fernandez

Bitcoin Exchange Reserves Drop to Lowest Level Since 2019

chest

Bitcoin exchange reserves have dropped to approximately 275 million BTC as of March 12, 2023, the lowest level since 2019, indicating a shift in storage and trading practices.

user avatarRajesh Kumar

Long-term Bitcoin Holders Now Control 145 Million BTC

chest

Long-term Bitcoin holders now control approximately 145 million BTC coins that have not moved in over five months, indicating a tightening supply in the market.

user avatarGustavo Mendoza

Ethereum Price Shows Recovery Signs Above Key Resistance Levels

chest

Ethereum price shows signs of recovery above key resistance levels.

user avatarMiguel Rodriguez

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.