Crypto advocates file brief against SEC's investor tracking database

The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.

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NY Attorney General sues crypto trader NovaTech, claims $1B fraud

Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.

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UK tribunal starts hearing $9B BSV delisting case

According to plaintiffs, the six exchanges, which delisted Bitcoin SV in 2019, owe BSV holders $9 billion for missed opportunities.

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SEC Asks Judge to Fine Ripple $2 Billion in XRP Case Ripple CEO Says There Is Absolutely No Precedent for This

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants [...]

The post SEC Asks Judge to Fine Ripple $2 Billion in XRP Case Ripple CEO Says There Is Absolutely No Precedent for This appeared first on Crypto Breaking News.

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Singaporean Judge Declares Crypto Is Personal Property In ByBit Case

In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court reasoned.  Genesis Of The Case Judge Philip Jeyaretnam made this declaration in a case that [...]

The post Singaporean Judge Declares Crypto Is Personal Property In ByBit Case appeared first on Crypto Breaking News.

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Grayscale Set to Appeal Suit Against SEC in Case of Court Rejection

Grayscale is ready to pursue SEC’s ETF application denial to the final end. Reuters has reported that Grayscale Investments is prepared to go all the way in its case against the Securities and Exchange Commission (SEC) over the rejection of a bitcoin exchange-traded fund (ETF) proposal. According to Grayscale’s CEO Michael Sonnenshein, his company is […]

The post Grayscale Set to Appeal Suit Against SEC in Case of Court Rejection first appeared on The Crypto Basic.

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Ripple Vs SEC: Both Parties Agree On A New Deadline

  The parties want Judge Torres to set a deadline of January 4, 2023, for non-parties to request the sealing of portions of summary judgment materials. Ripple and the SEC have requested that the court set a deadline by which non-parties in the ongoing lawsuit must move to seal any portion of the summary judgment […]

The post Ripple Vs SEC: Both Parties Agree On A New Deadline first appeared on The Crypto Basic.

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Deaton Dismisses Chia Network’s COO Claims That SEC Informed Ripple Execs About XRP Being A Security

  Deaton Shares Facts Proving SEC Never Informed Ripple Execs That XRP Was A Security. Following the filings of summary judgment motions, opposition, and replies, the XRP community eagerly anticipates U.S. judge Analisa Torres to rule on the lawsuit to determine whether the crypto asset is a security. While the XRP community hopes Judge Torres […]

The post Deaton Dismisses Chia Network’s COO Claims That SEC Informed Ripple Execs About XRP Being A Security first appeared on The Crypto Basic.

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Ripple and SEC Started To File Summary Judgment Replies

The parties officially file sealed versions of summary judgment replies. Former federal prosecutor James K. Filan revealed that the United States Securities and Exchange Commission (SEC) and Ripple have officially filed, under seal, their respective summary judgment reply briefs. “The parties have begun to file, UNDER SEAL, their replies to the opposition to the Motions […]

The post Ripple and SEC Started To File Summary Judgment Replies first appeared on The Crypto Basic.

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Top US Law Firm To File Lawsuit Against FTX On Behalf of FTT Investors

  FTX legal woes are about to kick off as US law firm Rosen announces plans to sue the company. Rosen Law Firm, a global investor rights law firm, has launched an investigation into potential securities claims made by investors of FTT tokens, the native cryptocurrency of embattled crypto exchange FTX. According to a press release, […]

The post Top US Law Firm To File Lawsuit Against FTX On Behalf of FTT Investors first appeared on The Crypto Basic.

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Two Entities Now Supporting SEC Against Ripple

Members of the XRP community have been reacting to reports of two entities filing briefs supporting the SEC against Ripple. It is noteworthy that the two entities requested permission to file amicus briefs in support of the Securities and Exchange Commission (SEC) in its ongoing legal battle against Ripple.  The New Sports Economy Institute (NSEI) […]

The post Two Entities Now Supporting SEC Against Ripple first appeared on The Crypto Basic.

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Hogan Explains Why SEC Can’t Win Against Ripple in One Element of Howey Test

Hogan says the SEC can’t win on the Howey Test prong that XRP holders expected profit based on the efforts of others. Attorney Jeremy Hogan, a Partner at Hogan & Hogan, has explained why the SEC cannot win its case against Ripple using the “expectation of profits based on efforts of others” prong of the Howey test. […]

The post Hogan Explains Why SEC Can’t Win Against Ripple in One Element of Howey Test first appeared on The Crypto Basic.

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TapJets Files Amicus Brief In Ripple Favor, Says XRP Use As An Alternative To Fiat Must Be Preserved

  TapJets files an amicus brief in support of Ripple’s summary judgment motion. Days after Judge Analisa Torres approved its request, TapJets, a private jet charter company, officially filed its amicus curiae brief supporting Ripple’s summary judgment motion against the SEC.  Call to Preserve XRP Use As a Fiat Alternative TapJets noted in the brief that […]

The post TapJets Files Amicus Brief In Ripple Favor, Says XRP Use As An Alternative To Fiat Must Be Preserved first appeared on The Crypto Basic.

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TapJets and I-Remit Can Now Officially File Amicus Briefs In Lawsuit Supporting Ripple Against SEC

Judge Torres finally granted the firms’ requests to file amicus briefs in the lawsuit. Judge Analisa Torres has approved I-Remit and TapJets’ requests for leave to file amicus curiae briefs in the Ripple vs. SEC lawsuit. The development comes after the Judge thoroughly reviewed the third parties’ requests to file amicus briefs alongside the parties’ […]

The post TapJets and I-Remit Can Now Officially File Amicus Briefs In Lawsuit Supporting Ripple Against SEC first appeared on The Crypto Basic.

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Attorney Deaton Says SEC Is Not Telling the Truth About Its Major Focus In Lawsuit Against Ripple

  Deaton continues to taunt the SEC. Attorney Deaton Says SEC Is Fibbing About Its Major Focus In Lawsuit Against Ripple Following the SEC’s refusal to allow I-Remit and TapJets to file amicus briefs supporting Ripple in the ongoing lawsuit, the XRP community has examined the agency’s recent motion. Surprisingly, some Ripple enthusiasts found something interesting […]

The post Attorney Deaton Says SEC Is Not Telling the Truth About Its Major Focus In Lawsuit Against Ripple first appeared on The Crypto Basic.

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Former US Congressional Candidate Says “The More You Hate XRP, The Bigger The Army Grows”

Gokhshtein Media Founder Slams XRP Trolls, Says Ripple Army Will Continue to Grow. The leading media outlet founder is confident of Ripple’s growth despite criticisms. David Gokhshtein, the founder of cryptocurrency company Gokhshtein Media and Former US Congressional Candidate, is confident about the growth of the Ripple (XRP) community regardless of critics’ hatred for the […]

The post Former US Congressional Candidate Says “The More You Hate XRP, The Bigger The Army Grows” first appeared on The Crypto Basic.

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Three Possible Maneuvers SEC Can Still Use to Delay Surrendering Hinman’s Documents To Ripple

The SEC may continue to push to hold on to Hinman’s document despite Judge Torres’ recent ruling. As Reported By The Crypto Basic, in a major defeat to SEC, With Judge Analisa Torres backing her colleague Judge Sarah Netburn and ordering the SEC to turn over William Hinman’s documents, the federal agency is left with […]

The post Three Possible Maneuvers SEC Can Still Use to Delay Surrendering Hinman’s Documents To Ripple first appeared on The Crypto Basic.

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Attorney Deaton Says Hinman’s Calendar Entries Show Ethereum Had Exclusive Access to SEC Leadership While Ripple Didn’t

Hinman’s SEC meeting schedule continues to raise controversies. The recently-published meeting schedule of the former SEC director of corporate finance William Hinman has continued to stir up controversies in the crypto sector. Following the release of Hinman’s itinerary at the SEC, some crypto enthusiasts have noted that the former SEC exec paid more attention to […]

The post Attorney Deaton Says Hinman’s Calendar Entries Show Ethereum Had Exclusive Access to SEC Leadership While Ripple Didn’t first appeared on The Crypto Basic.

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Former U.S. Defense Lawyer Interprets SEC’s Recent Argument Against Ripple

James K. Filan said the SEC wants the judgment in the Ripple case to incorporate XRP secondary market sales. Following the official filing of motions for summary judgment, several legal experts have taken the time to shed more light on the motions filed separately by Ripple and the Securities and Exchange Commission (SEC). As reported by […]

The post Former U.S. Defense Lawyer Interprets SEC’s Recent Argument Against Ripple first appeared on The Crypto Basic.

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Judge Torres Approves Chamber of Digital Commerce’s Request to File Amicus Brief in Ripple vs. SEC Lawsuit

The Chamber of Digital Commerce has been officially conferred with Amici Curiae status in the Ripple vs. SEC class action. Judge Analisa Torres has granted a request made by the Chamber of Digital Commerce to file an amicus curiae brief in the ongoing lawsuit between the Securities and Exchange Commission (SEC) and Ripple. The decision […]

The post Judge Torres Approves Chamber of Digital Commerce’s Request to File Amicus Brief in Ripple vs. SEC Lawsuit first appeared on The Crypto Basic.

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