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XRP has struggled after the Securities and Exchange Commission appealed a U.S. District Court ruling in favor of XRP in a prior lawsuit.
The federal judge presiding over litigation between the Securities and Exchange Commission and the crypto firm Ripple said on Thursday that the SEC can file a motion to appeal a portion of her ...
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The defendants agreed to turn over all data involving XRP transactions. [30] 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.
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]
XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data. ... The ruling by U.S. District Judge Analisa Torres was the first win for a cryptocurrency company in a case ...
2019: The SEC first contacts the LDS Church over its reporting structure. [9] 2020: EP files a consolidated disclosure for the first time. [11] 2023: On February 21, the SEC announces publicly the charges against the LDS Church and EP, along with the settlement. The church agrees to pay $1 million and EP agrees to a $4 million penalty. [9]
The Securities and Exchange Commission is no longer pursuing civil charges against Ripple executives Christian Larsen and Brad Garlinghouse, according to a court filing in the Southern District of ...