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The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms. [ 8 ] [ 3 ] Transactions are validated by a network of independent validators who reach consensus every 3 to 5 seconds, enabling rapid transaction settlement. [ 8 ]
Back in 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple, alleging that the company broke securities laws when it sold its XRP (CRYPTO: XRP) cryptocurrency to investors. Ripple ...
The defendants agreed to turn over all data involving XRP transactions. [33] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
XRP (CRYPTO: XRP) has been on an incredibly hot streak lately. The cryptocurrency's token price has risen 54% year to date, far outperforming the gain of roughly 9% for Bitcoin and roughly 3% for ...
Since the creation of bitcoin in 2009, the number of new cryptocurrencies has expanded rapidly. [1]The UK's Financial Conduct Authority estimated there were over 20,000 different cryptocurrencies by the start of 2023, although many of these were no longer traded and would never grow to a significant size.
The biggest tailwind I see for XRP (Ripple) right now lies in the Securities and Exchange Commission . XRP is a cryptocurrency that was created and still overseen by a company called Ripple Labs.
Judge rules Terra ‘stablecoin’ and other tokens are securities in victory for the SEC and departure from Ripple case Leo Schwartz December 28, 2023 at 6:39 PM
Settlement date is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities, etc.) settles.That is, the actual day on which transfer of cash or assets is completed and is usually a few days after the trade was done.