Features News Official TheBitTimes.com

According to a filing in the court on September 11, both parties seek a protective order from the judge to “govern the treatment and disclosure of certain confidential information during the course of this litigation.” advertisement “The Parties have agreed to a proposed protective order that limits how such information, as well as how other similarly sensitive information will be protected and disclosed during the course of this litigation.” CoinGape Media first reported that the contents of the SEC’s motion for filing secret documents are a motion to compel and for other relief. A motion to compel asks the court to enforce a request for information from an opposing party, complying with discovery requests. In the latest filing, both the SEC and Binance.US agree that discovery material will remain confidential. Discovery material can include financial information, ownership or control of any company, private keys to company or customer acco...

Ripple Releases Q2 XRP Markets Report Crypto payments solutions firm Ripple has released its Q2 2023 XRP Markets Report, according to an official announcement on August 2. The firm took a different direction for this quarter and focused on Judge Torres’ landmark summary judgment ruling, dispelling misconceptions, and Ripple’s XRP holdings. advertisement Ripple CEO Brad Garlinhouse, said: “We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward.” According to the report, Ripple’s XRP holdings increased from 5,506,585,918 to 5,551,119,094, rising almost 45 million. Total XRP on ledger escrow decreased by nearly 1 billion amid demand for XRP . Recommended Articles ...

The “ Financial Innovation and Technology for the 21st Century Act ” is introduced by US House of Representatives Republicans Glenn Thompson, French Hill, and Dusty Johnson. Others such as pro-crypto Congressmen Patrick McHenry, Tom Emmer, and Warren Davidson are also named as key contributors. The bill introduced today is the latest version that’s signed, has a bill number, and will be marked up next week. advertisement It will provide clarity on the digital asset ecosystem and oversight of the crypto industry. The bill offers both the Securities and Exchange Commission  (SEC) and the  Commodity Futures Trading Commission  (CFTC) jurisdiction over the crypto industry in separate areas. Patrick McHenry , Chairman of the House Financial Services Committee, said: “This is a pivotal moment for America’s standing as the global leader in innovation and technology adoption. Not only can digital assets revolutionize our finan...

Also Read: Ripple Community Mocks Republican For Calling XRP A Security; Analyst Predicts Re-Entry Level advertisement Terra Do Kwon Uses “Torres Doctrine” To Dismiss Lawsuit by SEC Terraform Labs (TFL) and co-founder Do Kwon ’s lawyers filed a supplemental authority in support of the motion to dismiss the lawsuit by the US Securities and Exchange Commission (SEC). Judge Jed Rakoff granted both defendants and the plaintiff to file a notice of supplemental authority regarding the dismissal of the lawsuit. Lawyers from top law firm Dentons, representing Terraform Labs and co-founder Do Kwon , claimed Judge Analisa Torres’ landmark decision in US SEC v. Ripple Labs directly affects the defendants’ motion to dismiss the lawsuit. SEC argues that UST, LUNA, wLUNA, MIR, or mAssets are securities. However, the Ripple case confirms SEC’s legal insufficiency to prove its claim that cryptocurrencies, except Bitcoin are securities. Also, ...