The Securities and Exchange Commission has submitted a request to the U.S. Court of Appeals to help settle the ongoing dispute between the regulator and Ripple. The SEC is urging the court to grant Ripple’s appeal in the latest filing.
Ripple has taken another major step towards establishing its dominance in the crypto industry. It has added Fortress Trust to its arsenal of acquisitions, further strengthening its foothold in the market.
In a move to further expand its US licensing portfolio, Ripple has acquired digital asset custodian Fortress Trust. The organization’s expertise in security and regulatory compliance will prove invaluable to Ripple’s future US-based initiatives.
As the crypto market continues to show signs of recovery, Ripple’s XRP token makes a major leap forward as it secures a listing on a popular European exchange, allowing it to be traded against the Euro.
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.
Although ripple and the SEC have been trading barbs, a prominent crypto lawyer believes the two sides may never face off in trial court. He believes both parties may come to an out-of-court settlement as it can lead to a quicker resolution.
In a remarkable turn of fate, Ripple’s legal battle against the U.S. Securities and Exchange Commission has cost Ripple’s XRP token nearly 3 years of adoption, according to Ripple lawyer Stuart Alderoty.
As XRP prices continue to plummet, investors are looking for another option amid fears that its value could drop below $0.50. Could LPX Token be the alternative to sidestep this financial crisis?
Experts speculate that the massive crash in XRP prices was caused by a high level of speculation among investors and ongoing concerns regarding its status as an unregistered security.
XRP, the world’s fourth largest cryptocurrency, is quickly gaining traction due to its low fees and fast transaction times. Analysts predict XRP could soon surpass Bitcoin, Ethereum, and Cardano in becoming the leading payment cryptocurrency.