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John Deaton, the attorney representing XRP holders, has put forward a compelling argument that could potentially result in a 99.9% legal victory for Ripple in its ongoing legal battle with the SEC. Deaton’s Analysis challenges the prevailing belief that the SEC’s stance in the Ripple case is evenly split 50-50. Instead, he contends that the advantage heavily favors Ripple , resembling a 90-10 split in their favor. If Ripple ends up facing penalties of $20 million or less, this interpretation could lead to a resounding legal win for the company. Deaton’s perspective has been prompted by a recent post by Stuart Alderoty, the Chief Legal Officer of Ripple. It highlighted another legal setback for the SEC in the ongoing lawsuit. This viewpoint resonates with the sentiment prevalent in the cryptocurrency community. Several have been viewing a potential settlement of $20 million as a positive outcome for Ripple. This assessment takes into consideration the broader imp...

Ripple’s Singapore subsidiary, Ripple Markets APAC, has been granted its full MPI license by the Monetary Authority of the region. This means, the company can now provide digital payment token services in Singapore. In a recent post on X [formerly Twitter], Brad Garlinghouse, the Chief Executive Officer of Ripple, pointed out that the company received its full MPI license in just a span of four months after receiving its in-principal approval. Incredibly proud of team @Ripple – just 4(!) months after we received our in-principle approval from @MAS_sg, we’ve now secured the full Major Payment Institution license for digital payment token services in Singapore. https://t.co/AH1sDUG4UE — Brad Garlinghouse (@bgarlinghouse) October 4, 2023 In the official statement, Garlinghouse added, “Since establishing Singapore as our Asia Pacific headquarters in 2017, the country has been pivotal to Ripple’s global business. We have hired exceptional ta...

The crypto community has gathered to celebrate the recent ruling on XRP's securities status, but lawyers warn there's more to it than meets the eye. Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry or the firm y In a landmark ruling on July 13, Judge Torres determined that XRP (XRP) is not a security — at least when sold to the general public. The decision was met with a joyous uproar from XRP token holders and came with a massive surge in the token's price, with industry heavyweights lauding the decision as likely to aid crypto exchanges Coinbase and Binance in their respective lawsuits. Luke Martin, the founder of crypto investment firm Venture Coinist noted that the “core component” of the United States Securities and Exchange Commission's (SEC) claim in its suits against Binance an...

Japan’s SBI Group is aiming to bolster its Web3 business. The Japan-based FinServ company is looking to welcome institutional clients that could use its extended Web3 offerings and crypto-centric services. It’s a known fact that SBI is one of Ripple’s top partners. Hence, this means the company will likely make use of the offerings made via Ripple to help grow its business. The company recently released its financial results for the fiscal year that ended on March 31, 2023. The report highlighted that SBI VC Trade “will increase its customer and revenue base not only by the crypto asset exchange business but also by strengthening Web3 related business.” Specifically, the company is looking to, “Pioneer new business fields such as Web3 that introduce innovative technologies domestically and abroad to “go beyond finance with finance at its core.” In its report, the company did not outrightly mention Ripple . However, in one of the charts attached, they did mention “offerin...

Also Read: Ripple To Face Trouble From XRP Holders in Court? Attorney Suggests This advertisement Verdict in Ripple Case To Come Out Soon? As per Ripple ’s Q1 report, the court issued 57 page opinion leading to a summary judgment in the US SEC Vs Ripple ’s case. It mentioned which expert opinion will make it to the case endings. However, a Trial is expected in the case. Ripple highlighted that a US SEC’s expert testimony based on the “reasonable expectation of an XRP purchaser was set aside by the Court. However, the commission’s expert advice in attempting to determine what caused the price of XRP to change was denied by the court. Read More XRP News Here… It is important to note that Ripple Labs and other defendants are expecting a decision on the summary Judgment to come out by the end of 2023. However, Brad Garlinghouse, CEO of Ripple earlier stated that he is optimistic of getting a ruling in the first half...

While the cryptocurrency market has taken a hit following the allegations against Binance, Ripple (XRP) is standing tall amidst the chaos. The cryptocurrency market, which has been trading in the green amidst the collapse of several banks, has reversed directions. Following the lawsuit by the US CFTC against Binance and CZ, the prices of Bitcoin, Ether eum, and other major assets have taken a toll. Also read: KuCoin Launches Bounty Reward Program Worth $1 Million on HackenProof Source: Cryptoslate Ripple up by 22% over the last seven days According to the data from CoinMarketCap, Ripple is up by 3% in the last 24 hours. At press time, XRP is the one of the only assets that is trading in the green and stands at $0.4621. The 24-hour trading volume is also spiked by 80%, bringing its market cap up by 4% in the last 24 hours. The data also shows that it’s up by 22.6% in the last seven days and 22.49% in the last 30 days. Also read: Shiba Inu Burn Rate Spikes by 6...

Can Ripple pull off a win against the SEC? XRP price has been seeing moderate gains despite a general cryptocurrency market pullback. XRP price extended its gains on March 9, rising around 1.5% to $0.40, despite a general downturn in the cryptocurrency market.   XRP price four-day winning streak The rally in the XRP/USD pair started on March 5 with the XRP market capitalization gaining over 10% in the past four days. XRP/USD daily price chart. Source: TradingView In contrast, the entire crypto market's cap has dropped by about 5% in the same period, with top coins Bitcoin (BTC) and Ether (ETH) losing by 4.5% and 4%, respectively. Ripple scores early win versus SEC  XRP's gains appear as investors pin their hopes on Ripple winning its long-running courtroom battle against the United States Securities and Exchange Commission (SEC). On March 6, U.S. District Judge Analisa Torres issued a ruling on motions filed by Ripple and the SEC to exclude the comments of expert witnesses fro...

SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a sec urity, burdening XRP’s potential for long-term price growth. It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. A crucial summary decision in the case of Ripple v. SEC is imminent because of fresh developments that could change the outcome. Also read: Making Bitcoin a Legal Tender Increased Tourism by 95%, Says Nayib Bukele In one of the most recent updates, James K. Filan, a US defense attorney, filed a letter backing support for Ripple ’s Fair Notice Defense. #XRPCommunity #SECGov v. # Ripple #XRP Ripple files Letter Regarding recent Supreme Court case that supports Ripple ’s Fair Notice Defense. “This opinion strongly supports Defendants’ fair notice defense. . . . [because] the government’s prior guidance h...