'Unelected bureaucrat', Ripple CEO blasts SEC's Gensler on weaponizing regulatory uncertainty
June 17 (Cointime) - Brad Garlinghouse, CEO of Ripple, has criticized the US Securities and Exchange Commission (SEC) and its current chair, Gary Gensler, for their handling of cryptocurrency regulation.
Prometheum CEO Aaron Kaplan Predicts SEC Victory in Ripple Lawsuit
Aaron Kaplan, founder of cryptocurrency brokerage Prometheum, expects the U.S. Securities and Exchange Commission (SEC) to win a lawsuit against blockchain firm Ripple. He believes that the Ripple case is similar to the SEC's case against open source content distribution company LBRY, and thus expects a similar outcome.
Crypto Analyst Sees XRP's Drop Below $0.50 as Attractive Buy Opportunity, Forecasts 30x Surge
Despite XRP dropping below the $0.50 psychological support, analyst Egrag sees it as a good buying opportunity, predicting a potential 30x surge. Egrag's analysis outlines four tracks in XRP's market cycle, with Track D representing the Cycle Top and the most bullish outcome.
Ripple partners with Colombia's Central Bank to Explore Blockchain Use Cases
June 15 (Cointime) - Ripple is partnering with Colombia's central bank to explore blockchain technology use cases in the South American country. Banco de la República will work with the information and communications ministry to pilot use cases to enhance the country's high-value payment system using Ripple's CBDC Platform.
Ripple CTO Responds to Allegations of Paying Exchanges to List XRP in SEC Case
Ripple's CTO, David Schwartz, has responded to allegations that Ripple paid six exchanges between $1 million and $5 million to list XRP. The allegations were made in recently-released court documents in the Ripple vs. SEC case. Schwartz clarified that the claims are mere allegations and provided a hypothetical scenario to explain the possible dynamics behind such allegations. He emphasized the need for a fair evaluation and cautioned against treating these allegations as facts.
Ripple CTO David Schwartz Comments on Uniswap's Decentralization Status
June 15 (Cointime) - Ripple's CTO, David Schwartz, recently commented on the decentralization of Uniswap, a decentralized exchange (DEX) protocol. Schwartz believes that Uniswap is not truly decentralized, as its underlying technology is not open source.
XRP Investors Disappointed by Lack of Regulatory Clarity in Hinman Docs, Cardano and Polygon Show Resilience Amid Regulatory Uncertainty
June 15 (Cointime) - The release of the "Hinman docs" related to the SEC's case against Ripple Labs did not provide the expected regulatory clarity for XRP investors, leading to a brief surge in value followed by a fall. While the documents shed some light on the SEC's internal communications regarding cryptocurrencies, their practical impact on XRP's legal and regulatory status was minimal.
Ripple's Global Adoption of Payment Services Continues Despite Legal Battle with SEC
According to Cointime news on June 14th, Despite facing a legal battle with the SEC over its XRP token, Ripple's payment services continue to gain global adoption. In an interview with Cointelegraph, Ripple's UK and EU managing director emphasized the company's growth outside of the US due to progressive regulatory oversight in different markets.
SEC Documents Shed Light on Ethereum's Security Status and Potential Impact on NFTs
According to Cointime news on June 14th, The SEC has released documents related to their legal battle with Ripple, which accused the company of selling unregistered securities in the form of XRP. These documents include emails and notes that provide insights into the SEC's approach to regulating the crypto industry and could have implications for the legal classification of Ethereum and Bitcoin. The documents also shed light on a speech given by former SEC director William Hinman in 2018, clarifying that Ethereum was not viewed as a security at that time. While the impact on NFTs is not directly addressed, the SEC's involvement in crypto regulation could lead to increased scrutiny and potential regulatory actions for NFTs.
Ripple's Chief Legal Officer Calls for Investigation into Motivations Behind SEC Official's Infamous Speech on Ether
Stuart Alderoty, the chief legal officer of Ripple, has called for an investigation into the motivations behind former SEC official William Hinman's speech in 2018, which claimed that Ether was not a security. Alderoty's demand for an investigation came after the release of the Hinman documents, which revealed that Hinman's speech was delivered despite warnings from other SEC divisions.
SEC Releases Internal Documents on Hinman's Speech, Ripple CEO Accuses Agency of Causing Chaos
The SEC has released internal documents related to former commissioner William Hinman's speech on digital assets in 2018. Ripple CEO Brad Garlinghouse has accused the SEC of causing chaos in the industry by releasing the speech, which had warnings from agency members about creating confusion in the market.
XRP Price Rises on Anticipation of Favorable Outcome in Ripple's Legal Battle with SEC
On June 13, the price of XRP rose by 7.4% due to traders' optimism regarding Ripple Labs' legal battle with the SEC. The release of information related to former SEC employee William Hinman caused the price to increase faster than the general crypto market. Ripple CEO Brad Garlinghouse believes that the Hinman documents may provide clarity on XRP's legal position.
Unsealed “Hinman Docs” Reveal Conflict of Interest in Ongoing Ripple-SEC Legal Battle
The unsealing of the "Hinman docs" is expected to have a significant impact on the ongoing legal battle between Ripple and the SEC. Ripple is accused of an illicit sale of $1.3 billion worth of XRP, which the SEC is treating as a security. The documents supposedly show that the SEC has unfairly targeted Ripple, but not everyone is convinced.
SEC Emails Show Officials Deliberating Over Whether Ether is a Security
Emails released by Ripple in its defense against an SEC lawsuit show SEC officials discussing the clarity of a speech given by former Director of Corporation Finance William Hinman in 2018, in which he stated that Ether did not look like a security. The emails reveal that SEC officials debated how clear the speech was in expressing the view that Ether was not a security, with some suggesting the language could be stronger. The emails also suggest tying the speech closer to the Howey Test, a landmark Supreme Court case commonly used as a test for determining whether something is a security. Ripple has been sued by the SEC on allegations that the firm sold unregistered securities, which has an impact on XRP prices.
Ripple's Token Price Holds Ground Above $0.52 Resistance Against US Dollar
Ripple's XRP token price is currently trading in a bullish zone, holding gains above the $0.500 resistance against the US dollar. The price has risen above $0.515 and the 100 simple moving average (4 hours), with potential to continue rising if it clears the $0.545 and $0.550 resistance levels. However, there is a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP/USD pair. If Ripple fails to clear this resistance zone, it could start a downside correction with initial support near the $0.515 zone.
Exchange Tokens Stabilize as Altcoins Recover from SEC Lawsuit, Bitcoin and Ethereum Remain Stable
Bitcoin and Ethereum prices are holding steady as trading begins in Asia, with exchange tokens worth monitoring. Altcoins that were affected by a recent SEC lawsuit are stabilizing and performing better in the market. The week ahead is expected to be eventful with the U.S. CPI and June FOMC announcements, which could lead to increased market volatility.
Ripple CEO Hints at Significance of "Hinman Documents" in Ongoing Legal Battle with SEC
Ripple CEO Brad Garlinghouse has tweeted that the "Hinman documents" are "well worth the wait," suggesting their potential significance in the ongoing legal battle between Ripple and the SEC. The documents are expected to be unsealed this week and are named after William Hinman, the former Director of the Division of Corporation Finance at the SEC.
Blockchain Company Ripple Named Among Best Workplaces in Bay Area for 2023
San Francisco-based blockchain company Ripple has been ranked eighth in the Small & Medium category of the latest Great Place to Work ranking for the Bay Area in 2023. The ranking is based on employee feedback, with 95% of Ripple employees considering it a great workplace, compared to the 57% average for a typical U.S.-based company.
SBI CEO Predicts XRP Price Surge and Ripple Labs Going Public After Legal Battle
Yoshitaka Kitao, the chairman and CEO of SBI Holdings, has made optimistic predictions about Ripple Labs and the price of XRP. Kitao believes that the ongoing legal battle between Ripple and the SEC over XRP's classification as an unregistered security could end in the next few weeks.
XRP Attracts Promising Investment Inflows Amid Crypto Market Downturn
Despite the current crypto market downturn, XRP has attracted significant investment inflows, with half a million dollars invested in investment products oriented on XRP in the last week alone. This brings the cumulative inflow since the beginning of 2023 to an impressive $4 million.
