Monday, March 20, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News

Ethereum Flouted SEC Rules With Sales? Ripple Counsel Replies

news by news
January 5, 2023
in News
0
Ethereum Flouted SEC Rules With Sales? Ripple Counsel Replies
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Breaking: Republic Of China Announces Crypto Regulatory Body

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

SEC RIPPLE XRP Lawsuit xrp news

XRP News: The U.S. Securities and Exchange Commission (SEC) Vs Ripple lawsuit is marching toward the much anticipated Summary Judgment. However, reports are emerging that the commission has tightened its focus on the XRP lawsuit ignoring Sam Bankman-Fried’s FTX debacle.

Did Ripple pushed the limits?

Charles Gasparino, journalist at Fox business in a series of Tweets gave out undisclosed details over the XRP lawsuit. He mentioned that the autopsy of the SEC Vs Ripple lawsuit is a work in progress. However, It is worth asking the commission why it focused on the XRP lawsuit amid the FTX collapse.

As per reports, the commission believes that Ripple management was flouting the SEC authorities by continuing to sell XRP. This happened even after the notice was issued to Ripple to stop. He added that how Ripple was selling XRP seemed to establish the token designation as a security.

However, Charles Gasparino noted that the Ethereum foundation did possibly one sale and then they just stopped. He highlighted that the SEC didn’t file any kind of case against them. He mentioned that he is not picking sides and just reporting the facts.

Earlier, Coingape reported that the XRP lawsuit has become more critical than ever for the commission. As after, failing to take proactive measures against the FTX and SBF, the Ripple lawsuit was most important for them. Read More XRP News Here..

General Counsel hits back

Stuart Alderoty, General Counsel of Ripple stated that if these reports are true then, this only shows how the SEC works. The commission’s unelected bureaucrats believe that they have unchecked power to issue indiscriminate closed door edicts under pain of punishment to some who don’t blindly obey.

Ripple Counsel added that they have crossed from regulation by enforcement to hubris most foul.

The post Ethereum Flouted SEC Rules With Sales? Ripple Counsel Replies appeared first on CoinGape.

Related Posts

Breaking: Republic Of China Announces Crypto Regulatory Body
24/7 Cryptocurrency News

Breaking: Republic Of China Announces Crypto Regulatory Body

March 20, 2023
Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason
24/7 Cryptocurrency News

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

March 20, 2023
Bitcoin Rallies As UBS Group Acquires Troubled Lender Credit Suisse In $3.2 Billion Deal
24/7 Cryptocurrency News

Bitcoin Rallies As UBS Group Acquires Troubled Lender Credit Suisse In $3.2 Billion Deal

March 20, 2023
Bitcoin (BTC) Price Climbs Past $28,000 For the First Time In Nine Months, Bull Party Started?
24/7 Cryptocurrency News

Bitcoin (BTC) Price Climbs Past $28,000 For the First Time In Nine Months, Bull Party Started?

March 20, 2023
Breaking: Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch
24/7 Cryptocurrency News

Breaking: Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch

March 19, 2023
Don’t Take Balaji’s Bet of Bitcoin At $1 Million in 90 Days Seriously, Analysts Explain Why
Balaji Srinivasan

Don’t Take Balaji’s Bet of Bitcoin At $1 Million in 90 Days Seriously, Analysts Explain Why

March 19, 2023
Next Post
5 Top Meme Coins To Add In Your Portfolio This Week

5 Top Meme Coins To Add In Your Portfolio This Week

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Yuga Labs Co-Founder Steps Down From Everyday Operations Due To This Reason

Yuga Labs Co-Founder Steps Down From Everyday Operations Due To This Reason

January 28, 2023
Spotify Experiments With Token-Enabled Playlists

Spotify Experiments With Token-Enabled Playlists

February 23, 2023
Breaking: Guggenheim’s Scott Minerd Passes Away Unexpectedly

Breaking: Guggenheim’s Scott Minerd Passes Away Unexpectedly

December 22, 2022
Here’s How Much Your $100 Investment in Tron Will Be Worth If TRX Reaches $1

Here’s How Much Your $100 Investment in Tron Will Be Worth If TRX Reaches $1

December 14, 2022
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In