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The Ripple Chief Legal Officer, Stuart Alderoty, takes to X to express his views on another criticism of the U.S.…
The post Ripple CLO Reacts as Court Slams SEC for Acting Unlawfully first appeared on The Crypto Basic.
An XRP enthusiast said Ripple CEO and General Counsel’s criticism against SEC means there won’t be any settlement in the ongoing lawsuit. An XRP community member has reacted to recent comments by Ripple CEO Brad Garlinghouse and General Counsel Stuart Alderoty criticizing the Securities and Exchange Commission. Bill Morgan, a pro-XRP lawyer, noted that the […]
The post No Settlement in Lawsuit as Ripple CEO and General Counsel Blast SEC in Recent Tweets first appeared on The Crypto Basic.
Alderoty slams the SEC again. Stuart Alderoty, Ripple’s General Counsel, has taken a jab at the United States Securities and Exchange Commission (SEC). In a tweet yesterday, Alderoty shared an image of someone preventing a fish from swimming freely in a pond. The General Counsel at Ripple captioned the photo, “If the SEC ran animal […]
The post Ripple Counsel Slams SEC, “If SEC Ran Animal Control”, Details first appeared on The Crypto Basic.
Alderoty and Friedman say the need for clear crypto rules drives innovation outside the US. Ripple’s general counsel Stuart Alderoty and Head of Policy Susan Friedman said the absence of clear rules for crypto is driving innovation out of the US. The general counsel at Ripple commented on a recent Bloomberg Law article, which analyzed […]
The post Ripple Counsel Says SEC Invitation is a Bait, Policy Head Slam Regulators For Pushing Innovation Out of US first appeared on The Crypto Basic.
Ripple's XRP legal win sets a precedent, shaping a clearer path for crypto regulation in the U.S.
Ripple CLO Stuart Alderoty is confident in XRP’s legal battle, anticipating a similarly favorable outcome should the SEC appeal the XRP ruling. Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple, a prominent blockchain technology company headquartered in San Francisco, expressed unwavering confidence in the firm’s readiness to address any potential SEC appeal arising from […]
The post Ripple Will Not Shy Away From SEC Appeal As Appeals Court Will Affirm XRP Ruling: Ripple CLO first appeared on The Crypto Basic.
Ripple scripted history when it concluded its longstanding legal dispute with the SEC regarding the XRP token. Although the crypto community celebrated the decision, the verdict was a partial win for the blockchain firm, as Judge Analisa Torres ruled that the XRP token is not a security when sold to the general public but left […]
Ripple may follow Coinbase's lead and move to a crypto-friendly jurisdiction amid its legal battle with the SEC.
Stuart Alderoty, the chief legal officer of Ripple, tweeted Wednesday that the business will prevail in its continuing legal battle with the U.S. Securities and Exchange Commission (SEC). Alderoty posted a summary of the court’s most recent opinion, which also includes decisions on the planned expert reports from each party. According to Alderoty, the SEC’s […]
Alderoty has revealed the next steps the company will take if the SEC is declared the winner of the summary judgment. Stuart Alderoty, Ripple’s general counsel, has revealed that the blockchain company will immediately appeal its case against the SEC if Judge Analisa Torres grants summary judgment in the regulator’s favor. Alderoty made this known […]
The post Alderoty Outlines Ripple Plans If Court Grants Summary Judgment in SEC Favor first appeared on The Crypto Basic.
Stuart Alderoty has again expressed the readiness of Ripple to go the distance in the fight against the SEC. Ripple General Counsel Stuart Alderoty has suggested that the judge’s ruling in the United States Securities and Exchange Commission (SEC) case against Ripple could come as soon as the end of this month. The lawyer made […]
The post Ripple General Counsel Says Judge Could Release Ruling By March End first appeared on The Crypto Basic.
The SEC Chair has attracted criticisms from the crypto community, representing many American voters. Ripple General Counsel Stuart Alderoty believes Gary Gensler, Chairperson of the U.S. Securities and Exchange Commission, serves as a political liability for the Joe Biden administration due to his adverse enforcement actions against crypto firms. These enforcement actions, including the recent […]
The post Ripple General Counsel Views SEC Chair as Biden Administration’s Political Liability first appeared on The Crypto Basic.
Alderoty expresses confidence in Ripple’s defense. Ripple general counsel Stuart Alderoty has taken a jab at the US Securities and Exchange Commission, likening its case against Ripple to the Chinese spy balloon shot down by the US military over the weekend. The lawyer did this in a tweet yesterday. As highlighted by one user, Alderoty’s […]
The post Ripple General Counsel Trolls SEC Case, Compares It to Spy Balloon Shot Down by US Military first appeared on The Crypto Basic.
Alderoty reacts to Berkshire Hathaway Vice Chair’s call urging the U.S. to ban crypto as China did. Stuart Alderoty, General Counsel at Ripple, has reacted to a recent comment made by American billionaire investor Charlie Munger, where he called on the U.S. government to ban crypto just like China. Recall that Munger, a 99-year-old billionaire […]
The post “It’s Not April Fool’s Today”: Ripple General Counsel Slams Munger’s Call To Ban Crypto in US Like China first appeared on The Crypto Basic.
The outcome of the Ripple case will affect the future of cryptocurrencies in the U.S., says Alderoty. Ripple’s general counsel Stuart Alderoty has reacted to a recent Bloomberg article titled: “Fight to Regulate Crypto at Crossroads as Ripple Ruling Looms.” The article, published yesterday, explains how an upcoming Ripple v. SEC lawsuit ruling will determine which federal […]
The post Ripple General Counsel Says Experts Agree SEC Lawsuit Outcome Will Determine Crypto Future first appeared on The Crypto Basic.
Ripple General Counsel Stuart Alderoty responded to claims by FOX business journalist Charles Gasparino who said the blockchain firm was deliberately targeted due to flouting the rules and undermining the SEC’s authority. First, Gasparino questioned why the SEC concentrated on Ripple while giving Sam Bankman-Fried and FTX free reign. The journalist claimed that Ripple has […]
Alderoty calls out the SEC for “hubris.” In a tweet yesterday, Ripple general counsel Stuart Alderoty responded to claims that the US Securities and Exchange Commission sued Ripple for defying its authority. According to the lawyer, if accurate, it makes the SEC’s actions even more worrying. Alderoty asserts that it would mean the regulator is […]
The post Ripple Counsel Reacts To Claim That SEC Sued Ripple For Defying Its Authority first appeared on The Crypto Basic.
Alderoty faults SEC’s recently-filed charges against SBF. Ripple’s general counsel Stuart Alderoty has commented on the recent charges filed by the Securities and Exchange Commission (SEC) against FTX’s founder Sam Bankman-Fried (SBF), a day after his arrest. SEC Officially Charges Bankman-Fried Recall that the SEC officially filed charges against the former CEO of now-bankrupt cryptocurrency exchange […]
The post Ripple’s General Counsel Says SEC Is Focused on Recovering FTX Funds For Large Investors, Not “Consumers” first appeared on The Crypto Basic.
Amid the crypto winter and the Ripple lawsuit saga, XRP is breaking records with over a 4% price surge in 30 days. Unfortunately, the past 30 days have been terrible in the market after the FTX collapse, which broke down cryptocurrency values. However, the low price period proved very beneficial to some fat wallet holders who seized the opportunity to accumulate more assets. Ripple’s native token, XRP, recorded more recovery than Bitcoin amid whale accumulations in the past 24 hours. Related Reading: Ethereum: On-Chain And Social Metrics Reveal Bulls Vs. Bears Battle – Who’s Winning? WhaleAlert reported that crypto whales moved over 275 million XRP tokens, worth more than $107 million, throughout the past 24 hours. The data also revealed that whales purchased over 113 million XRP, about $44 million, in the past 24 hours. Is XRP Showing Signs Of Dominance Over Bitcoin? Most of the transactions came from the Bitso crypto exchange, with the highest record being XRP tokens worth over $15.3 million. These movements saw a price surge in the XRP token, bringing over a 4% increase. However, Bitcoin trades at the $17,153 level, with a 3% dump in the last 30 days. Around the same time, Ripple’s general counsel, Stuart Alderoty, announced the filing of their final briefing in the XRP lawsuit. The two-year-long legal tussle between the SEC and Ripple is approaching the summary judgment stage. The crypto industry anticipates the outcome of the court’s ruling as it would affect the future of XRP and the broader digital assets. If the SEC wins the case, XRP will be seen as a security, and other similar tokens may follow suit. Ripples believe the long-standing battle with the Securities and Exchanges Commission is a fight for the crypto industry. However, Stuart Alderoty affirms that the Securities and Exchanges Commission holds no proof to satisfy its claims that XRP is a security. The attorney believes the defendants have an advantage over the commission in the case. Whales’ Continuous Transfer Of XRP: Hold Or Sell signal? Meanwhile, as the firm faces the watchdog in their lawsuit, whales continue accumulating more tokens. To book more profit as the token price surged, whales transferred over 162 million XRP, worth about $63.1 million, in the past 24 hours. On-chain data revealed that most tokens went to the Bitstamp crypto exchange. The report shows that whales moved another 160 million of the token on Thursday as the Ripple/SEC lawsuit approaches the final round. In addition, more than 4 billion XRP tokens also went from Bittrex to an unknown wallet. Data revealed that the tokens are worth about $1.5 billion in total. Related Reading: Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400 As large numbers of these tokens moved among exchanges and whale accounts, the token has continued to bag profits. As a result, the token now trades at $0.3872 with a live market capitalization of $19,477,214,657. Featured image from Pixabay, chart from TradingView.com
The two-year-long battle between SEC and Ripple is approaching the end, with Ripple filing its final submission in its case against the US regulator on Dec. 2.
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