Top Lawyer Says This Could Make Judge “Split the Baby” in Ripple v. SEC Lawsuit
Attorney Jeremy Hogan, a pro-XRP attorney and partner at Hogan & Hogan, thinks both Ripple and the SEC may get a partial victory.
Congressman Tom Emmer Says SEC Chair Gary Gensler Is a ‘Bad Faith Regulator’
Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.”
XRP Price Eyes 30% Upside After Key Resistance Area Breaks
XRP has seen a 60% increase in the first quarter of 2023, driven by Ripple's legal win against the SEC, and the overall bullish sentiment in the cryptocurrency market. The XRP/USD pair is expected to continue its gains in the second quarter, primarily due to a bullish continuation pattern known as a bull pennant. The pattern forms when the price consolidates inside a symmetrical triangle after undergoing a strong rally. A bullish target of $0.65 in Q2 for XRP price is predicted, up approximately 30% from current levels. However, a decisive close below the pennant's lower trendline could invalidate the bullish setup and increase the probability of testing the 50-day exponential moving average (50-day EMA).
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
Robinhood, the retail trading platform, is set to pay up to $10.2 million in penalties for operational and technical failures that harmed investors, according to an announcement from the California Department of Financial Protection and Innovation. The multi-state settlement followed a North American Securities Administrators Association investigation into Robinhood platform outages in March 2020. The investigation found deficiencies in Robinhood's review and approval process for options and margin accounts, weaknesses in monitoring and reporting tools, and insufficient customer service and escalation protocols. This isn't Robinhood's first multi-million dollar penalty, as the platform has paid settlements to the New York State Department of Financial Services and the U.S. Securities and Exchange Commission for regulatory violations, and a fine from the Financial Industry Regulatory Authority for failing to protect customers.
SEC Chairman Gary Gensler Says Crypto Markets and Existing Regulatory Framework Are Compatible
Gensler stated that there is nothing incompatible between the crypto markets and the existing regulatory framework.
Attorney Jeremy Hogan Believes SEC Will Not Appeal If Ripple Wins XRP Lawsuit
According to the founder of Hogan & Hogan law firm Jeremy Hogan, the U.S. Securities Agency would not appeal if Judge Analisa Torres rules the XRP lawsuit in favor of Ripple and its top executives Brad Garlinghouse and Chris Larsen.
Fake Volume, Fake Endorsements: The SEC Comes Down on TRON Founder Justin Sun
In a filing on March 22, 2023, the Securities and Exchange Commission charged TRON founder Justin Sun with fraud, along with three companies he owned: Tron Foundation, BitTorrent Foundation, and Rainberry Inc.
Former Coinbase Employee Nears Settlement with SEC Over Insider Trading Allegations
The SEC has an agreement in principle with Ishan Wahi to resolve all of the SEC’s claims in this matter.
'Shark Tank' Star Kevin O'Leary Says Litigating Your Crypto Regulator 'Really Stupid'
Venture capitalist and "Shark Tank" star Kevin O'Leary said that crypto exchanges shouldn't be taking legal action against regulators.
Former Coinbase Employee Ready to Settle Insider Trading Case With SEC
The Securities and Exchange Commission appears poised to settle a landmark insider trading case focused on a former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi.
