Category: SEC

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XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope

With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question…
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Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund 

Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing,…
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XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst

In a technical analysis shared with his followers on X, crypto analyst Bobby A (@Bobby_1111888) provides a bullish prediction for XRP despite the US Securities and Exchange Commission’s decision to appeal the ruling in its case against Ripple Labs. Amid the regulatory turmoil, Bobby’s interpretation of the macro charts suggests a bullish outlook for XRP,…
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Crypto Analyst Maintains $7.50 XRP Target Despite SEC Appeal Against Ripple

Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%. However, crypto analyst Egrag Crypto (@egragcrypto) maintains that the bullish setup remains unchanged, with a target…
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Study: Nearly Half of US Voters Value Pro-Crypto Stance, Trump Seen as Savvier

A Consensys and Harrisx study found that nearly half of U.S. voters support pro-crypto policies and are willing to cross party lines for pro-crypto candidates. The study revealed that 85% of respondents want presidential candidates to take a pro-crypto position, indicating significant voter interest in the issue. Voters Demand Pro-Crypto Candidates A Consensys and Harrisx…
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SEC Appeals Ripple Case, Citing Errors in Final Judgment

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. Court of Appeals On…
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Asset Management Firm Bitwise Files for Spot XRP ETF

Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse’s positive outlook on the future of XRP ETFs. Bitwise’s Move Toward an XRP…
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Lawyer Expects SEC to Challenge XRP Ruling as Appeal Deadline Approaches

A former lawyer with the U.S. Securities and Exchange Commission (SEC) anticipates the agency will challenge Judge Analisa Torres’ decision regarding XRP in the Ripple lawsuit. The SEC views the ruling as flawed and is likely to submit an appeal before the approaching Oct. 7 deadline. Ripple XRP Case: SEC Expected to Appeal Judge’s Ruling…
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SEC Fines Mango DAO for Unregistered MNGO Tokens

The U.S. Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for offering unregistered securities. The case centers around the sale of MNGO tokens and the operation of Mango Markets without proper registration. Mango Markets Hit With SEC Charges The SEC alleges that since August 2021, Mango…
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Mark Cuban: Kamala Harris Opposes ‘Regulation Through Litigation’

Billionaire Mark Cuban says that Vice President Kamala Harris’ team has told him “in no uncertain terms that they are against ‘regulation through litigation.’” He criticized U.S. Securities and Exchange Commission (SEC) Gary Gensler’s regulation by enforcement approach, asserting: “Gary Gensler is a blight on the technology community.” Mark Cuban Slams SEC Chair Over Crypto…
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