• 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

Zcash (ZEC) Surges Following Robinhood Listing

chest

Zcash (ZEC) has seen a significant price increase after being listed on Robinhood, becoming the second-best performing cryptocurrency among the top 100 by market cap.

user avatarLi Weicheng

Scaramucci on US Government Holding Bitcoin

chest

Scaramucci supports the US government holding Bitcoin in strategic reserves, emphasizing a need for a transformative approach that benefits taxpayers.

user avatarTenzin Dorje

Scaramucci Discusses Institutional Adoption of Bitcoin

chest

Scaramucci discusses the need for clearer regulations to facilitate institutional adoption of Bitcoin.

user avatarMohamed Farouk

James Check Challenges Quantum Bitcoin Sellside Fears

chest

On April 23, 2023, onchain analyst James Check published a report titled 'Selling Satoshis Stack', addressing concerns about the market impact of quantum-vulnerable Bitcoin. He argues that the potential sellside pressure is overstated and emphasizes the need for credible post-quantum solutions.

user avatarAisha Farooq

Anthony Scaramucci Predicts Bitcoin Recovery Timeline

chest

SkyBridge Capital founder Anthony Scaramucci predicts that Bitcoin may not see a meaningful recovery until October or November 2023, citing cyclical market conditions and ongoing selling pressure from whales.

user avatarBayarjavkhlan Ganbaatar

Analyst Claims Bitcoin Still Correlates with M2 Money Supply

chest

Crypto analyst KillaXBT argues that Bitcoin's price movements are still aligned with the M2 money supply despite recent deviations.

user avatarElias Mukuru

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.