
April 18th, 2025
The SEC noted that the court has recognized Ripple’s “willingness to push the boundaries” of the summary judgment order, indicating a likelihood of future violations.
In yesterday’s meeting, the crypto industry executives lashed out at the White House officials over the regulatory assault from the Federal Reserve and the US SEC.
It is now a possibility that there is a postponement of the final deadline for a SEC decision.
While five of the eleven approved Bitcoin ETFs saw positive inflows running into the millions, the remaining products experienced mixed results.
With the $125 million penalty, legal experts Attorney Bill Morgan and James Murphy also known as MetaLawMan, speculate that both sides will appeal.
NYSE American’s request follows Nasdaq’s proposal to the SEC, seeking approval for options trading on the BlackRock iShares Ethereum Trust (ETHA).
Judge Analisa Torres stated that the case “does not involve allegations of fraud, misappropriation, or other more culpable conduct” by Ripple. The judge reduced penalty by 94% from the SEC’s demand of $2 billion.
Ripple CEO Brad Garlinghouse believes that the UAE offers advanced and clear regulations for registered companies to offer crypto services.
As per the Kaiko data, the inability of top exchanges to allow XRP trading during the suit resulted in a strong surge in XRP trading interest that has shot up since the ruling.
The SEC argues that the request for internal and external emails related to digital asset regulation is “overly broad”.
The recent price drop has been accompanied by a bearish crossover on the two-day MACD, indicating that sellers currently dominate the market.
Renowned XRP advocate lawyer Fred Rispoli strongly believes that any regulatory concern that may arise from Ripple’s launch of the USD-backed stablecoin would create a new lawsuit.
According to Politico, Harris hasn’t taken an official position but shows openness. Her campaign’s recent engagement with crypto representatives indicates a potential policy shift.
The Bitcoin halving event and increased network difficulty led to a rise in the average direct cost to mine Bitcoin, which increased to $25,327 from $5,734 per Bitcoin in the second quarter of 2023.
Donald Trump proposed a strategic national Bitcoin reserve, Wyoming Senator Cynthia Lummis announced a Bitcoin reserve bill to address the $35 trillion debt, and Robert F. Kennedy Jr. committed to having the US Treasury purchase 500 Bitcoin daily until reaching 4 million.