As Judge Torres has denied the joint motion in the XRP lawsuit, questions arise about Ripple’s handling of the ‘historic institutional sales.’ Amid speculations, lawyer Bill Morgan hinted that Ripple might cease the institutional sales of XRP, previously classified as securities in the summary judgment. Ripple Lawsuit: Permanent Injunction on XRP Sales? In the latest
Ripple has officially withdrawn its cross-appeal with the SEC in the XRP lawsuit, marking a decisive end to one of crypto’s longest-running legal disputes. CEO Brad Garlinghouse announced the move on June 27, stating the company will not challenge the court’s 2023 finding that XRP sales to institutional investors constituted…
Few events have garnered as much attention as the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) – often referred to as “XRP lawsuit”. This legal battle, which has significant implications for the broader crypto market, has seen a series of twists and turns that…
In the last four years, a lot of crypto businesses have suffered regulatory scrutiny across the world. Without having a solid regulatory framework, regulators around the world are continuously harassing crypto innovations to break speculation around them. Ultimately, numerous crypto businesses have had to migrate from one country to another.…