XRP Case with the SEC may come to an agreement
Securities and Exchange Commission (SEC) is getting new administration says Brad Garlinghouse, CEO of Ripple who hopes that SEC reconsider what they had said about XRP
Mr. CEO had previously said that Ripple and all the crypto industry had fallen victim to an attack (the lawsuit) by the SEC. This lawsuit was triggered in Dec 2020 when SEC sued Ripple and its board for $1.3B in unregistered digital asset securities through XRP. Being mad at what had happened to Ripple due to being sued by SEC, Garlinghouse called this an attack on the whole crypto world and told Bloomberg that the US is the “only country on the planet” that considers XRP as security and believes unlike the US, countries such as Japan, the UK, Singapore, and Switzerland’s regulatory frameworks are so clear.
We don’t know yet if there is a potential settlement with SEC so far from what Mr. Garlinghouse said;
“I’m hopeful that as a new administration comes into the SEC, there is an opportunity to revisit some of those conversations.”
The new SEC chairman is what may satisfy Garlinghouse and his company. Gary Gensler is going to be the new chairman who may resolve this issue. The SEC lawsuit filed by former SEC Jay Clayton was considered as a slap in the face for XRP as they’ve been active in the market for 8 years said XRP CEO who places the blame on Mr. Clayton who sued them right the day before his resignation.
Mary Jo White, a former SEC head executive corroborated Garlinghouse’s statement and said that SEC has been so wrong suing XRP for being unregulated security. Ms. White works for Ripple now.
DeFi’s locked ETH is about twice as much as that of the exchanges according to Glassnode
Since the start of 2020, DeFi protocols have had a rise of 75% in their amount of locked ETH while over the same period, centralized exchanges share of ETH has ...
MAY 07, 2021
The proposal to add to staking rewards led to a twofold increase in EOS value
EOS saw a 100% rise in its value after it proposed to add to its staking rewards and raise the inflation rate. ...
MAY 06, 2021
Bitcoin bonuses instead of cash for MicroStrategy board of directors
Paying cash as a bonus seems to be out of the window for the MicroStrategy directors’ board. ...
APR 12, 2021
Once again Ripple triggers a weekend pump and shines among the altcoins
APR 10, 2021 Once again Ripple beats SEC and they celebrate it with a big pump. ...
APR 10, 2021