Ripple lawsuit against SEC deepens suspense amidst Coinbase battle – Will XRP be listed in Hong Kong?
The post Ripple lawsuit against SEC deepens suspense amidst Coinbase battle – Will XRP be listed in Hong Kong? appeared on BitcoinEthereumNews.com. The crypto world has been buzzing with events, and among them is the Ripple Labs Inc. lawsuit with the US Securities and Exchange Commission (SEC). Ripple is the parent company behind XRP, and the asset has seen impressive sentiments as it got an inclusion in Hong Kong’s top Index. Ripple Labs argued that XRP is a digital asset and shouldn’t be considered as a security. However, the lawsuit hasn’t hindered investors from onboarding the digital asset and taking the risk of investing in XRP. Regardless of the deep suspense amidst the Coinbase battle, XRP displays a promising future that has been backed by the top index inclusion. SEC lawsuit between Coinbase and Ripple The US Securities and Exchange Commission filed a lawsuit against Ripple Labs in late 2020. The lawsuit was based on Ripple selling XRP tokens as unregistered securities. However, Ripple Labs has vehemently claimed that XRP is not a security and has denied all allegations. Moreover, the battle has heated up over the years as SEC and Ripple have engaged in intense legal battles. The lawsuit had deepened, and Ripple has even sought to access internal SEC files in order to solidify its defense. Regardless of the legal battle, it’s still evident that the lawsuit affects the crypto world and has had implications in the digital realm. However, in a landmark decision, the SEC concluded the case against Riple, confirming it is not a security. On the other hand, the recent suspense over the lawsuit has shifted focus towards the SEC vs. Coinbase lawsuit. Using legal channels, Coinbase forced the SEC to respond to the rulemaking petition filed in 2022. They filed a mandamus forcing the exchange commission to respond in the next 30 days, as of Friday last week. The filing states: Coinbase’s petition for rulemaking has…
The post Ripple lawsuit against SEC deepens suspense amidst Coinbase battle – Will XRP be listed in Hong Kong? appeared on BitcoinEthereumNews.com.
The crypto world has been buzzing with events, and among them is the Ripple Labs Inc. lawsuit with the US Securities and Exchange Commission (SEC). Ripple is the parent company behind XRP, and the asset has seen impressive sentiments as it got an inclusion in Hong Kong’s top Index. Ripple Labs argued that XRP is a digital asset and shouldn’t be considered as a security. However, the lawsuit hasn’t hindered investors from onboarding the digital asset and taking the risk of investing in XRP. Regardless of the deep suspense amidst the Coinbase battle, XRP displays a promising future that has been backed by the top index inclusion. SEC lawsuit between Coinbase and Ripple The US Securities and Exchange Commission filed a lawsuit against Ripple Labs in late 2020. The lawsuit was based on Ripple selling XRP tokens as unregistered securities. However, Ripple Labs has vehemently claimed that XRP is not a security and has denied all allegations. Moreover, the battle has heated up over the years as SEC and Ripple have engaged in intense legal battles. The lawsuit had deepened, and Ripple has even sought to access internal SEC files in order to solidify its defense. Regardless of the legal battle, it’s still evident that the lawsuit affects the crypto world and has had implications in the digital realm. However, in a landmark decision, the SEC concluded the case against Riple, confirming it is not a security. On the other hand, the recent suspense over the lawsuit has shifted focus towards the SEC vs. Coinbase lawsuit. Using legal channels, Coinbase forced the SEC to respond to the rulemaking petition filed in 2022. They filed a mandamus forcing the exchange commission to respond in the next 30 days, as of Friday last week. The filing states: Coinbase’s petition for rulemaking has…
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