Ripple and SEC Case Update Final. What happen?? Daily News 20/10
Ripple and SEC Case Update Final
The crypto community has finally seen the end of the long-running courtroom standoff, in which the US Securities and Exchange Commission (SEC) sued Ripple over the issuance and sale of XRP – with the SEC withdrawing withdraw from the lawsuit.
Specifically, the SEC agreed to dismiss civil charges against the blockchain company’s CEO Brad Garlinghouse and co-founder Chris Larsen, according to court documents shared by a former federal prosecutor. state and prominent commentator on the case, James K. Filan, in an X post on March 19.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: CASE DISMISSED AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN pic.twitter.com/BYTe9152jM
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 19, 2023
Commenting on the development, Garlighouse pointed out that this was his firm’s third victory against the regulator, arguing that the SEC had targeted him and Larsen in a “merciless attempt to destroy us personally and the company that so many people have worked so hard to build for over a decade.” As he added:
“The SEC constantly kept its eye on the ball while secretly meeting with the likes of SBF – failing time and time again to protect American consumers and businesses. How many millions of tax dollars have been wasted?! It feels good to finally be vindicated.”
The last 3 years we’ve seen a rogue administrative state that needs to be held accountable for its actions – not just an investigation into the conflicts of interests that led to these baseless claims, but how the US actively demolished its global standing as the home for… https://t.co/TyMcnFU3mP
— Chris Larsen (@chrislarsensf) October 19, 2023
Onchain News
Yesterday, Tether minted more than 1B $USDT and transferred $46.8M to the Kraken exchange
The stablecoin cash flow pushed onto the Binance exchange is also fluctuating quite strongly.
In addition, Wintermute also DEP $29.5M on Binance
The Other news
FED Chairman Powell spoke at the end of October 19 before the November 11 interest rate decision. It seems that the market has been waiting for his tone these past few days.
- $REKT – Memecoin token officially traded by Arthur Hayes, price increased more than 500%.
- $FET – The project announced to move its base of operations to Dubai, the headquarters is still in the Netherlands.
We’re pleased to announce that the @Fetch_ai crypto operations have moved to Dubai! 🇦🇪
Our product goals & direction will remain the same, but as conditions have become increasingly favourable for web3 projects in Dubai, it will help us further drive innovation in the space 🤖 https://t.co/ujpqRkxku2
— Fetch.ai (@Fetch_ai) October 19, 2023
- BlackRock has updated the Bitcoin Spot ETF application. This may be BlackRock’s response to the SEC’s comments, showing a positive signal.
UPDATE: @BlackRock filed an updated #Bitcoin ETF prospectus early this morning which is likely their response to SEC comments like we’ve seen from Ark, Fidelity, and others. Just more confirmation that issuers are in talks with the SEC (h/t @intangiblecoins). pic.twitter.com/LRSHBFzsxS
— James Seyffart (@JSeyff) October 19, 2023
- Meta is bringing a Telegram-like broadcast channel to Facebook and Messenger next week
The US is conducting a security review of China-backed Bitcoin mining companies because it believes the mines involved could threaten the country’s national security.
- Lightning Labs releases Taproot Asset Mainnet Alpha. Taproot Assets is a tool that allows minting, managing and tracking stablecoins and other assets using the Bitcoin network.
- Namada – Privacy-focused Layer 1 plans to reward tokens for ‘community builders’ before mainnet launch.
The Anoma Foundation will Allocate 10 Million NAM Tokens to Reward Early Community Builders and Validators in Namada RPGF Round 🛠️
🟡 Initiative Overview
This RPGF round serves as a mechanism to honor early contributors and validators who have played a significant role in… pic.twitter.com/hPudsO3a98— Namada (@namada) October 19, 2023
- Forge has raised $11M seed round invested by Makers Fund, BITKRAFT Ventures and Animoca Brands. Forge is the first gaming platform that allows players to flex their achievements into a separate profile and earn rewards for their gaming activity.
We’re honored and incredibly excited to announce our $11m seed round led by @BitkraftVC, @animocabrands, and @makersfundvc with participation from @HashKey_Capital @0xPolygon @FormlessCapital Adaverse.
Alongside our top-tier gaming and Web3 VCs, we welcome a suite of amazing… pic.twitter.com/TCMCZbZSiU
— Forge (@Forge) October 18, 2023
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