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SEC can't access Ripple exec records; Russia's digital currency gains steam

SEC can't access Ripple exec records; Russia's digital currency gains steam
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

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Ripple's win forces SEC to reveal internal documents on Bitcoin and Ethereum

4/7/2021 2:06:52 AM GMT
Ripple Labs has been granted access to the
Securities & Exchange Commission’s internal communication.
The regulator previously stated that Bitcoin and Ethereum were not deemed securities.
The judge in the case said that this discovery hearing was a “high-stakes” win for Ripple.
Ripple Labs won in a discovery hearing that would force the Securities & Exchange Commission (SEC) to hand over its internal documents on Bitcoin and Ethereum. The XRP price has since risen 23.4% in the past 24 hours, trading above $1 at the time of writing.
SEC to hand over documents on Bitcoin and Ethereum
The SEC accused Ripple Labs and its executives of offering an unregistered security XRP in December 2020. The securities regulator alleged in the $1.3 billion lawsuit that Ripple illegally earned over $600 million by selling the digital currency. ....

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Ripple Labs Executives File to Dismiss SEC Request for Personal Finance Information

Ripple Labs Executives File to Dismiss SEC Request for Personal Finance Information
Mar 12 2021 · 13:23 UTC by Tolu Ajiboye · 3 min read
Photo: Depositphotos
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Both Ripple Labs execs have filed to squash SEC subpoenas to six banks that they provide personal financial information as part of the lawsuit.
Ripple Labs Chief Executive Officer Brad Garlinghouse and Executive Chairman Chris Larsen are currently in a row with the US Securities and Exchange Commission (SEC). The Ripple Labs executives are refusing a demand from the SEC to obtain their personal financial information.
The SEC is investigating Ripple Labs and has claimed that the company deliberately misled its investors. The Commission is also claiming that Ripple manipulated the price of XRP, thereby creating an information vacuum that deceived investors. ....

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Ripple ends key partnership with MoneyGram - San Francisco Business Times

Ripple ends key partnership with MoneyGram - San Francisco Business Times
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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