Fun

News Feed - 2023-08-26 07:08:44

Amaka Nwaokocha13 hours agoSEC vs. Ripple: Pro-XRP lawyer urges Clayton, Hinman testimonyJohn Deaton points out that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP as a non-security early on.11496 Total views41 Total sharesListen to article 0:00NewsJoin us on social networksPro-XRP attorney John Deaton says that the United States Securities and Exchange Commission (SEC) erred in filing aiding and abetting allegations against Ripple’s CEO Brad Garlinghouse.


Deaton highlighted that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP (XRP) as a non-security early on, but the agency deliberately disregarded this information for an extended period.


On X (formerly Twitter), user Digital Asset Investor.XRP said if it were his choice, he would have summoned a16z attorneys Lowell Ness and Chris Dixon as initial witnesses in the SEC vs. Ripple legal battle, along with former SEC officials Clayton and Hinman.


Deaton agreed that it was essential for Hinman to provide testimony but that there was no chance to legally summon a former SEC chair for a trial. Nevertheless, Deaton contends that the SEC erred in its decision to charge Garlinghouse, especially considering Clayton’s inclination to file a complaint against executives on a personal basis in a non-fraudulent context.


He maintains that Clayton holds substantial importance as a witness who should provide testimony in the courtroom. Notably, Clayton engaged with Ripple’s CEO and chief technology officer, during which Garlinghouse conveyed that “Ripple is living in purgatory” following the Hinman speech. However, neither Clayton nor Hinman explicitly stated that XRP was categorized as a security.


Related:Gen Z in South Korea prefers XRP and other altcoins to BTC and ETH: Report


Obtaining clarification from Clayton and Hinman could have averted legal expenses and time consumption, potentially boosting cryptocurrency adoption. The SEC aims to reverse the decision even after Judge Analisa Torres ruled that XRP is not a security in certain instances.


Recently, a significant XRP whale moved over $20 million worth of the tokens to exchanges while the price continued breaching its support levels.


Magazine:Crypto regulation: Does SEC Chair Gary Gensler have the final say?# Blockchain# Cryptocurrencies# SEC# XRP# Tokens# RegulationAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesOpinion: Bitget acted ethically on crypto influencer’s accountOpinion: Why did Bitget seize more than $200,000 of my money?

News Feed

David Attlee14 hours agoNew Zealand crypto exchange Dasset enters liquidationCustomers of Auckland-headquartered crypto exchange have been denied access to their funds.2427 Total views15 Total sharesListen to article 0:0
Hyperliquid Delists $JELLY, Potentially Causing $900K in Losses. Here’s Why Best Wallet Token Can 100x
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Outlier Ventures, Morgan Creek Digital launch Web3 Latam accelerator program
Ana Paula Pereira6 hours agoOutlier Ventures, Morgan Creek Digital launch Web3 Latam accelerator programThe selected teams will receive investment funding and mentorship. The 12-week virtual program includes support in E
Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country
Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country Bitso, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colo
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K Global investment bank JPMorgan has warned of the crypto market facing weeks
Marcel Pechman5 hours agoHow Argentina’s inflation is helping altcoins and the crypto marketCointelegraph analyst and writer Marcel Pechman explains how Argentina’s 150% inflation is actually helping the altcoin mark
US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments
US Lawmakers Introduce "Virtual Currency Tax Fairness Act" to Boost Cryptocurrency Use for Payments Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to
Study: Over 13% of All Proceeds of Crimes in Bitcoin Passed Through Privacy Wallets in 2020
Study: Over 13% of All Proceeds of Crimes in Bitcoin Passed Through Privacy Wallets in 2020 According to a study published by the blockchain analysis firm Ellipt
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-EndBrazilian crypto companies have signed a code of self-regulation that aims to legitimize and to
Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend
Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend An increasing number of financial and crypto pyramids targeting Russian investors have been openi
Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline
Este artículo también está disponible en español. Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795. As th
Bitcoin Price At $321,000 This Cycle? Analyst Says It’s The ‘Math’
Este artículo también está disponible en español. Crypto analyst Tony Severinohas provided an ultra-bullish outlook for the Bitcoin price, predicting that the flagship cr