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In the latest twist in the SEC vs. Ripple lawsuit, the US Securities and Exchange Commission has retaliated against Ripple, objecting to the payment giant's attempts to redact material that it considers'sensitive and secret
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To have it both ways, the SEC accidentally re-evaluated the Hinman speech, which re-evaluated the fair notice defense and put the Hinman speech back into play as "market direction."
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This job hasn't been filled since Governor Randal Quarles left in October of last year.
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XRP has had a good week, thanks to the Ripple v SEC news releases that have bolstered the price of XRP.
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The SEC's (CRYPTO:XRP) lawsuit against XRP's (CRYPTO:XRP) creators continues. Ripple Labs recently requested a variety of things from the court hearing over the lawsuit, including:
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Relisting of XRP might come sooner than predicted if this analysis is correct and the SEC is not successful in appealing the DPP verdict.
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Despite the company's protests, Ripple officials have confirmed that the SEC prefers a jury trial.
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There is a bearish trend in the price of Ripple (XRP). It was on April 6 that the altcoin broke below the moving averages as it plummeted below $0.75. However, the upward correction was stalled below the 50-day SMA.
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As part of its case against the US Securities and Exchange Commission (SEC), a lawyer for Ripple believes that the regulator will soon be targeting crypto exchanges.
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The SEC's lawsuit against Ripple (CRYPTO:XRP) and two of its top executives is a significant development in the cryptocurrency industry.