Franklin Templeton, one of the world’s largest asset managers, has initiated proceedings to launch a US-listed Bitcoin ETF. This comes as institutional demand for Bitcoin continues to surge.
In a strongly worded statement, Ripple’s lawyer slammed the SEC’s latest filing against the company as a “hypocritical pivot,” noting it sharply contradicted the agency’s previous guidance on XRP’s status.
In a new court filing, Ripple Labs Inc. seeks to block the U.S. Securities and Exchange Commission’s request to appeal a recent decision that ruled XRP is not a security. Ripple believes the SEC lacked evidence to prove it is a security.