Ripple (XRP)

A little-discussed memo from the Securities and Exchange Commission (SEC) from five years ago may suggest that the agency faced internal struggles in concluding whether XRP was a security, according to crypto lawyer John Deaton. This may indicate that Ripple – the company behind XRP – was not legally reckless in issuing the token years prior, as the SEC has often alleged. The SEC’s Memo According to Deaton, the “Howey memo” was written by SEC enforcement lawyers, and received...

On-chain data tracker Whale Charts just flagged a massive XRP transaction, which could spell doom for the popular crypto asset. As per Whale Charts’ tweet, an anonymous investor moved about 28.4 million Ripple (XRP), equivalent to roughly $14.9 million, into Bitstamp. The amount was transferred from wallet r4wf7enWPx to another Bitstamp wallet, rDsbeomae4. Of course, substantial transfers are not new to XRP. Nonetheless, the shift towards an exchange wallet signaled a...

Ripple is feeling very confident following its recent SEC victory. So confident, in fact, that in a recent interview, representatives said they think many banks will want to use XRP (the official cryptocurrency of Ripple) to aid in cross-border payments. Ripple Wants XRP to Be a Primary Cross-Border Tool The company stated it’s already engaged in several talks with banks and other traditional financial institutions throughout the U.S. about the use of XRP in...

Ripple price is facing resistance near the $0.535 level against the US dollar. The price is now trading below $0.525 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another decline if it stays below $0.540 and $0.564. Ripple price is struggling below $0.540 against the US Dollar, like Bitcoin. XRP price must...

Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios, especially those in their 20s. This is evident by new findings, which show XRP comprising 20.7% of their investments, surpassing the combined 17.5% allocation for Bitcoin and Ethereum. Overall, the proportion of XRP in the portfolios of individuals in their twenties...

John Deaton, founder of CryptolawUS and an advocate for XRP holders, spoke out against the SEC’s “aiding and abetting” allegations against Brad Garlinghouse, CEO of Ripple. Deaton claims that the situation might have been prevented if the SEC had allowed previous executives Bill Hinman and Jay Clayton to testify sooner. In the Ripple v. SEC litigation, Digital Asset Investor said that he would have called former SEC employees Jay Clayton and Bill Hinman, as well as a16z...

XRP – the cryptocurrency of Ripple – has shot up in price and is now the fourth largest digital asset, having beaten out BNB, the digital currency of Binance which is the world’s largest and most popular crypto exchange. Ripple Currency XRP is Surging! XRP has been involved in a huge legal battle with the Securities and Exchange Commission (SEC). Ripple had a suit filed against it back in 2020 by the financial agency, which swore up and down that the company was...

The Securities and Exchange Commission (SEC) is likely starting to sweat a little given that the Ripple case it worked so hard on hasn’t traveled in its favor. Ripple May Get the SEC to Back Off A few weeks back, a judge in New York of all places (New York is often considered a very unfriendly place when it comes to digital assets) ruled that Ripple wasn’t necessarily a security, and while not all the legal ramifications or doors have been closed yet, things are...

After the late-business week pump and dump that drove BTC to a six-day high, the cryptocurrency has returned to $26,000 as it did during the last weekend as well. Most altcoins are also calmer today, with XRP and SHIB standing out as the top performers from the larger-cap ones. BTC Back to $26K August 17 became one of the worst trading days for bitcoin this year when the primary digital asset plummeted by over $3,000 to register a two-month low of just over $25,300. It...

As discussed in prior articles, the Securities and Exchange Commission (SEC) and Ripple (XRP) have been fighting it out in court over the last few years regarding XRP’s status as a potential security. Ripple Appears to Have Beaten the SEC The SEC has said in recent statements that the way XRP is structured and the way it was first sold to users makes it a security token. Ripple has long denied these statements, and it seems the judge overseeing the case agrees. In...