The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Ripple

SEC Lawsuit against Ripple Continues with Gary Gensler Taking The Lead

by Miki 06/02/2021
by Miki 06/02/2021 0 comment

With Gary Gensler officially sworn in as the official Chairman of the Securities and Exchange Commission (SEC), many XRP advocates are hoping that this may be an opportunity for the SEC and Ripple to revisit the basis of the lawsuit and to rediscuss it.

SEC lawsuit against Ripple for XRP continues

However, it appears that the $1.3 billion lawsuit against Ripple will proceed as usual, since Gensler has shown no signs of withdrawing it.

On Wednesday, the SEC submitted a court filing to Magistrate Judge Sarah Netburn, the first court submission filed by the agency since Gensler took charge as SEC Chairman. The agency appealed to Torres, demanding that the court block Ripple’s request to access the SEC’s internal emails and communications. This indicates that the SEC intends to soldier on with its lawsuit against Ripple, in which the agency alleges that the blockchain startup and its lead executives violated securities laws through XRP offerings, as the digital asset is not registered as a security in the US.

In the court filing, the SEC accused Ripple of harassing the agency with respect to discovery.

The tension between the SEC and Ripple continues to mount, and many XRP holders have even filed a motion to intervene in order to participate in the lawsuit as a third-party defendant. The motion was filed by John E. Deaton on behalf of 12,600 XRP holders.

The outcome of the lawsuit will be important for the crypto industry, as it may influence how other digital assets are regulated by the SEC in the future. Although regulators have stated that Bitcoin and Ether are not securities, they have not given the same exemption to other tokens, which implicates that dozens of other cryptocurrencies may potentially face SEC lawsuits in the future.

Many industry leaders have been hopeful that Gary Gensler will be more crypto-friendly and provide better regulatory clarity for the digital asset class, as he has expertise in the field, having previously taught crypto and blockchain courses at MIT.

Image source: Shutterstock

Source link

Views: 0
ContinuesGaryGenslerLawsuitLeadRippleSEC
Share
0
FacebookTwitterPinterestEmail
previous post
SEC Pushes Back against Ripple’s Lack of Fair Notice Argument
next post
Ripple CEO Says Firm Could Go Public Once SEC Case Is Resolved

Related Posts

Why Solana, Dogecoin, XRP, Shiba Inu, and Cardano...

12/28/2021

Garlinghouse Shakes Off SEC’s “Antics” Towards Ripple and...

12/24/2021

Will ‘Dogefather’ Elon Musk Look In The Direction...

12/22/2021

XRP Creator Chris Larsen Proposes Strategy To Incentivize...

12/20/2021

Why Former SEC Chair Clayton Refused To Comment...

12/18/2021

More Wins For XRP and Ripple? SEC Reportedly...

12/16/2021

Ripple And XRP Prone To More Wins As...

12/14/2021

Ripple’s Co-Founder Comes Up With A Genius Way...

12/12/2021

Ether Next To Be On SEC’s Purview If...

12/08/2021

SEC vs. Ripple – Kevin O’Leary Reveals Why...

12/02/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Former US Treasurer Rosie Rios Joins Ripple

  • OlympusDAO Fork Snowdog Hit By 90% Crash

  • KRONOS ADVANCED TECHNOLOGIES INC ANNOUNCES AVAILABILITY OF LIMITED-EDITION AIRDOGE® AIR PURIFIERS

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,865.00-2.02%
  • ethereumEthereum(ETH)$2,034.37-2.40%
  • tetherTether(USDT)$1.000.22%
  • usd-coinUSD Coin(USDC)$1.010.26%
  • binancecoinBNB(BNB)$299.92-2.25%
  • rippleXRP(XRP)$0.427519-1.66%
  • cardanoCardano(ADA)$0.56-3.54%
  • SolanaSolana(SOL)$55.24-3.10%
  • Binance USDBinance USD(BUSD)$1.000.08%
  • dogecoinDogecoin(DOGE)$0.089230-1.42%
  • polkadotPolkadot(DOT)$10.47-6.52%
  • AvalancheAvalanche(AVAX)$33.40-2.81%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,859.00-2.18%
  • Lido Staked EtherLido Staked Ether(STETH)$1,997.63-2.57%
  • tronTRON(TRX)$0.0716201.12%
  • Shiba InuShiba Inu(SHIB)$0.000012-2.64%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.12%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.541.13%
  • CronosCronos(CRO)$0.197057-1.45%
  • matic-networkPolygon(MATIC)$0.70-2.62%
  • leo-tokenLEO Token(LEO)$5.083.70%
  • LADZLADZ(LADZ)$0.0686894.36%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.43-6.44%
  • FTX TokenFTX Token(FTT)$31.23-3.48%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$202.49-2.00%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.48-4.14%