Latest News

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

Bitwise has taken a significant step by filing for the first-ever Spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The trust, registered in Delaware, aims to provide investors with direct exposure to XRP's value, which will reflect the coin's price minus operational costs.

Market Overview: In the past day, the value of the world's cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume.

The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency's broader claims about XRP (CRYPTO: XRP) sales. What Happened: The SEC lodged a notice of appeal aiming to overturn a prior decision made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws.

After teasing a potential macro bullish breakout earlier this week, Ripple Labs-backed XRP price dropped over 11 percent in the past 24 hours to retest the crucial support level of around 54 cents on Thursday during the early Asian session.

Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre.

Ripple's native crypto, XRP price dropped by a massive 10% as the US Securities and Exchange Commission (SEC) announced that is taking the legal battle to the 2nd U.S. Circuit Court of Appeals. The commission is appealing a July 2023 ruling that declared XRP sold by Ripple Labs is not a “security”.

The crypto prices today have shown a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price rested at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a waning trajectory.

Ripple CEO Brad Garlinghouse stated that his company would fight in court "as long as it needs" in his Thursday statement regarding the U.S. Security and Exchange Commission's appeal.

The U.S. Securities and Exchange Commission (SEC) revealed on Wednesday its intention to challenge a federal judge's decision in the ongoing case against Ripple.

San Francisco-based fintech firm Ripple has vowed to keep battling with United States securities regulators following the latest appeal.

XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase.

XRP's value dropped over 10% on Thursday after the SEC filed an appeal against the court's decision in its lawsuit against Ripple. This follows Judge Analisa Torres's final ruling on Aug. 7, imposing a $125m penalty on Ripple, far less than the SEC's initial $2b demand.

The United States Securities and Exchange Commission (SEC) filed a notice of appeal on Judge Analisa Torres' August 7, 2024, ruling in the court of appeal for the second circuit. The US SEC filed an appeal case against Ripple and its top executives led by CEO, Brad Garlinghouse, and the company's executive chairman Chris Larsen.

Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.

Key Points:

Ripple CEO Brad Garlinghouse vowed to fight the SEC's new appeal in a case one lawyer suggests could be dragged into early 2026.

Ripple braces for extended legal battle as SEC appeals, impacting XRP market sentiment and price trends.

XRP Lawsuit: Ripple's Chief Legal Officer, Stuart Alderoty, has voiced his frustration with the U.S. Securities and Exchange Commission (SEC) following the agency's recent notice of appeal. Ripple is now contemplating filing a cross-appeal, potentially targeting both Judge Analisa Torres' ruling on institutional sales or the $125 million penalty imposed in August.

Ripple's potential cross-appeal could prolong legal uncertainty, impacting regulatory clarity and market dynamics in the crypto industry. The post Ripple may file a cross-appeal to challenge SEC's legal move appeared first on Crypto Briefing.

In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets. The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined that the XRP token, sold by Ripple Labs on public exchanges, does not qualify as a security under existing laws.

Ripple (XRP) price suffered a harsh reversal this week as sentiment in the crypto industry waned, and as geopolitical risks rose. After surging to $0.6647 last week, Ripple has retreated for four consecutive days and was trading at $0.5417, its lowest point since September 12.

Market expert EGRAG Crypto has laid out an optimistic forecast for XRP, emphasizing the importance of a key price level he calls the Genuine Wake-Up Line (GWUL). According to EGRAG, XRP is on the brink of a critical moment that could see its price climb above $1.50 in the near term, setting the stage for even higher targets.

The U.S. Securities and Exchange Commission (SEC) has filed a formal notice of appeal against Ripple Labs in the U.S. Court of Appeals for the Second Circuit. The appeal follows a district court's ruling in August, which the SEC argues contained significant legal errors. SEC Challenges Ripple Labs Ruling in U.S.