Some countries are looking to jump on the crypto bandwagon and are mulling the creation of national stablecoins, despite occasional setbacks, such as the bankruptcies and arrests among some of its previously prominent players.

In an exciting turn of events, data available on CoinMarketCap shows that XRP has flipped the Binance stablecoin (BUSD) to become the sixth most significant cryptocurrency by market capitalization.

The United States Securities and Exchange Commission (SEC) has requested to seal the infamous Hinman Speech documents, claiming that they are not relevant to the court’s summary judgment decision.

The XRP Ledger will soon have a crucial feature, according to the former chief developer advocate of San Francisco-based payments company Ripple (XRPL).

Hogan & Hogan law firm partner attorney Jeremy Hogan reiterates that the Securities and Exchange Commission has lost its “privilege” argument over the drafts of Director William Hinman’s June 2018 controversial speech.

The case between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) continues to wrap up. In a new joint motion, both parties filed for an extension to file Daubert Motions until Jan. 13, 2023. The extension will also affect the filing accompanying redacted exhibits on the public docket.

Ripple and US SEC filed their motion to seal several documents linked to the motions for Summary Judgement. However, filings suggest that the commission is still in pursuit of shielding the vital Hinman documents. Meanwhile, crypto whales are still moving millions of XRP tokens.

Ripple’s general counsel Stuart Alderoty has made an important discovery in the SEC’s recently filed charges against FTX and Alameda Research execs. According to Alderoty, the Securities and Exchange Commission recently admitted that FTX and Alameda Research execs – Sam Bankman-Fried and Caroline Ellison – used customers’ assets to bail out embattled cryptocurrency lender BlockFi. 

Leading blockchain company Ripple has filed an omnibus motion to seal certain documents in connection with the summary judgment motion filed by the parties on September 13, October 18, and November 30. 

Matt Hamilton, a former Principal Developer Advocate at FinTech firm Ripple, has defended the utility of the $XRP token and said that smart contracts are coming to the cryptocurrency’s ledger. These could be used to power decentralized applications, the way they are used on other networks such as Ethereum and the BNB Chain.

Brad Garlinghouse, American businessman and Chief Executive of Ripple Labs, is outraged at how Wells Fargo’s recently-uncovered asset mismanagement is being reported and handled by U.S. financial authorities, compared to the magnitude of coverage the FTX collapse has attracted.

An anonymous whale withdrew 150M XRP from the world’s largest exchange.

Ripple has spent the week in a tight trading range, but there is no question that the bear market rages on. The price action seems relatively quiet following the large drop XRP experienced last week.

The long running lawsuit between US SEC and Ripple is yet to receive summary judgment after a complete deposition by all parties. However, Attorney James Filan has dropped an updated schedule of the XRP lawsuit after Ripple and SEC asked the court to extend a deadline.

In a tweet, senior XRPL Labs developer Wietse Wind disclosed that over 100 developers are working on the XRPL and XRPL-related projects.

U.S. Securities and Exchange Commission (SEC) on Wednesday charged the Former CEO of Alameda Research and former CTO of FTX, Zixiao Wang for their roles in a marathon defraud scheme. However, Ripple’s General Counsel has claimed that the SEC has lost the plot line in the Sam Bankman-Fried (SBF) led collapse in the crypto market.

The federal judge in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. has granted a joint motion from all parties to extend the deadline for the Daubert Motions that would exclude certain expert testimonies. In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion. (forkast)

Large addresses on the $XRP Ledger, a blockchain platform that enables fast, low-cost payments across the globe, have been “rapidly accumulating” tokens before the end of the year, with data showing that both the number of large addresses and the percentage of supply they control have hit a new all-time high.

Attorney James Filan reported that Ripple and SEC have filed a joint motion asking the court to extend the time. Both parties have asked the court to stretch the deadline until January 13, 2023 to file the Daubert Motions.

Among those seeking to get their eyes on Hinman’s documents is the entity Digital Assets Investor (DAI). On Tuesday, the entity enquired from the renowned XRP community lawyer representing over 75k XRP holders in court to know the reasons Ripple is withholding the documents from the public.