SEC Drops Charges Against Ripple Labs Executives, XRP Surges by 7%
XRP saw a 7% surge in price after the SEC dropped its claims against Ripple Labs executives Brad Garlinghouse and Chris Larsen. The SEC had charged the two executives with violating US securities law for almost three years. However, the SEC submitted a letter to Judge Analisa Torres to dismiss the claim, stating that they did not have enough evidence to prove their case. XRP's price increase may also be due to positive developments in the cryptocurrency market as a whole, with other cryptocurrencies such as Solana also seeing price increases.
Bitcoin eyes $30K, XRP price jumps 6% after Ripple’s legal victory
Bitcoin keeps heading higher as BTC price strength flies in the face of a hawkish Fed, but concerns over a retracement are building.
XRP Jumps as SEC Drops Charges Against Ripple's Top Leaders
XRP experienced its best daily percentage gain in three months after the SEC dropped securities-violations charges against Ripple's top leaders. The world's fifth-largest digital asset rose 6.5% to 52 cents before pulling back to 51 cents at press time. The SEC agreed to dismiss allegations against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, months after the Southern District of New York said Ripple's offer and sale of XRP on digital asset exchanges did not violate securities laws.
Deaton Reacts To SEC's Change of Mind Regarding Spot Bitcoin ETF
Lawyer John Deaton, a proponent of XRP, has commented on the recent change in the SEC's tone regarding spot Bitcoin ETFs, suggesting that Gary Gensler may have personal reasons for the shift. Deaton believes that while Gensler's perspective on Bitcoin may not have changed, the SEC's recent court loss and criticism from federal judges may have influenced the change in tone.
Roblox Denies Support for XRP Payments Despite False Claims on Social Media
Roblox has denied rumors that it will support XRP payments for in-game items, despite claims that spread on social media. The rumors began when payments processor BitPay tweeted that users could use Ripple's XRP token for Xsolla payments in supported games, including Roblox. However, BitPay later deleted the tweet, citing an error. Roblox representatives confirmed that the claims are false and that the only payment options available for in-game currency are credit card, debit card, gift card, PayPal, Venmo, Klarna, CVS Pharmacy payments, or a Paysafecard.
409,776,402 XRP transferred from Bitvavo to unknown wallet
According to Whale Alert monitoring data, at 16:05 today Beijing time, 409,776,402 XRP were transferred from Bitvavo to an unknown new wallet.
Some of the world’s top 5 banks have started using XRP through Volante
According to a report by WallStreetBulls, some of the top 5 global banks have started using XRP through Volante, a leading provider of cloud payments and financial solutions. WallStreetBulls believes this is a significant update for the XRP community and the cryptocurrency industry.
An article published by WallStreetBulls points out that the integration of Volante with Ripple's real-time payment network has completely changed cross-border transactions. Some of the benefits listed by Volante (which their solution will provide for integrated users) include real-time/instant payments, ISO 20022 messaging, open banking, APIs, next-generation cross-border and blockchain/DLT.
Whales Dump 55 Million XRP to Two Exchanges, Sparking Speculations Among Crypto Enthusiasts
The XRP cryptocurrency has been in the spotlight due to the ongoing XRP lawsuit and recent whale activity. Whales have dumped 55 million XRP onto two exchanges, causing a decline in the cryptocurrency's value. However, some speculate that the transfers were made for Ripple's ODL operations via Bitstamp. Despite this, XRP has remained in negative territory due to market uncertainties and has experienced an 8% slump over the past week. The transfers have sparked discussions and speculations in the crypto community.
30.3 Million XRP Transferred From Unknown Address to Exchange Bitstamp
According to monitoring data from Whale Alert, at 04:25:00 Beijing time, 30.3 million XRP (about 15.21 million US dollars) was transferred from an unknown address to the Bitstamp cryptocurrency exchange.
Ripple v. SEC update as of September 22, 2023
As Ripple awaits the final conclusion of its legal case with the SEC, commentators have shared their opinions. Lawyer Bill Morgan believes that Judge Analisa Torres' decision on the SEC's appeal request should be coming soon, and a delay could be a bad sign for the SEC. Morgan also clarified that the NYDFS delisting of XRP does not equal a ban and does not prevent approval for custody or sale. He believes that Ripple is winning the regulatory battles overall and globally, but the SEC's stance on XRP sales remains a problem.
