XRP, one of the largest cryptocurrencies, is facing an uncertain future due to an ongoing legal dispute between Ripple and the US Securities and Exchange Commission (SEC).
According to Deaton, they compelled the US SEC to acknowledge in their legal argument against XRP that it is simply a piece of computer software.
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Ripple Labs Inc, a digital currency payments startup, has announced the CBDC Innovate Challenge, a new hackathon for developers who can create XRP Ledger-powered payment systems based on Central Bank Digital Currency technology.
Ripple has announced the establishment of a new office in Toronto to act as a technical hub. Ripple's new office is the company's first physical presence in Canada, and it was designed to support the company's future growth in North America and beyond.
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The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s important for the entire crypto industry in the United States.”
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A couple who stole over some USD 3.76m worth of XRP tokens from a crypto investor in 2017 have been handed seven-year jail sentences after an appeals court in South Korea ruled that the duo should spend the best part of a decade behind bars.
The U.S. Securities and Exchange Commission (SEC) made a surprise attack on the Ripple case by filing a letter of supplemental authority to strike Ripple’s “fair notice” defense. Simultaneously, the token XRP is down 2.33% in the last 24 hours to $0.7 following the market’s downtrend.
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