MoneyGram under fire: Lawsuit alleges false statements made about XRP

After Ripple Labs, payments giant MoneyGram is the latest to find itself at the end of a legal entanglement, with a class-action lawsuit filed on the 1st of March claiming that MoneyGram misrepresente The post MoneyGram under fire: Lawsuit alleges false statements made about XRP appeared first on AMBCrypto.

Moneygram Hit With Class Action Lawsuit Over XRP Partnership

Payments company MoneyGram is facing a class action lawsuit for alleged misrepresentation of its partnership with Ripple Labs.

While Washington dithers, Wyoming and other US states mine for crypto gold

While Wyoming was luring crypto businesses, such as Ripple Labs, New York’s AG was bringing enforcement action against Bitfinex. The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too.

Schedule for SEC Case against Ripple Approved by Court, Hearing for SEC Chair Nominee Gary Gensler Set for March

A management plan and a scheduling order for the SEC case against Ripple Labs has officially been approved by the court.

Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurrency

Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the US Securities and Exchange Commission (SEC).

Ripple’s “Bombshell Argument” in Pretrial Court Hearing with SEC May Tip the Scale in its Favour

The highly anticipated pretrial hearing between Ripple Labs and the Securities and Exchange Commission unfolded yesterday.

MoneyGram Puts Ripple Partnership on Hold Due to SEC Lawsuit

MoneyGram has announced that it will be temporarily suspending the use of XRP and taking a step back from its partnership with Ripple Labs, in light of the fintech firm's legal battle with the SEC.

Ripple now registered as a Wyoming business

"More crypto companies are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws," said Caitlin Long. Blockchain-based payments firm Ripple Labs has now registered a business in Wyoming. According to records from the Wyoming Secretary of State, Ripple Markets WY LLC’s status as a local business is listed as "active" after an initial filing in February 2020.

Ripple’s XRP sales suppressed coin price, amended court complaint alleges

The SEC alleges that Ripple executives misled investors and manipulated the XRP coin price by creating an “information vacuum.” The United States Securities and Exchange Commission has alleged that Ripple Labs executives Bradley Garlinghouse and Christian Larsen manipulated the XRP price by ramping up or slowing down their coin sales depending upon market conditions. In an amended complaint filed Feb.

US crypto exchange suspends XRP trading in light of SEC lawsuit

Another exchange has chosen to steer clear of XRP while the SEC's pursuit of Ripple Labs continues. A major United States-based cryptocurrency exchange has halted all XRP trading on its platform in the wake of the Securities and Exchange Commission’s ongoing lawsuit against Ripple Labs. The PayBito exchange, which processed $1.1 billion worth of trades in 24 hours leading up to the time of publication, will suspend all XRP trading pairs, as announced on Feb.18.

SEC Arguments against Ripple for XRP Case Are Weak, says Law Official

With the pretrial for the SEC lawsuit against Ripple Labs looming, a joint letter has been presented by both parties to lay out arguments for the case.

Ripple and SEC Release Joint Statement on Prospects for Settling XRP Lawsuit

Ripple Labs and the US Securities and Exchange Commission (SEC) have released a status report on the odds they will reach a settlement as a pre-trial conference approaches.

Digital Asset Manager Grayscale Expands Leadership Team With Trio of C-Suite Hires

The digital currency asset manager's new executives bring with them experience at firms such as Goldman Sachs, Bank of America and Ripple Labs.

Ripple, SEC rule out 'prospect of a settlement at this time'

Contrary to the hopes of many, Ripple Labs and the United States' Securities and Exchange Commission have ruled out the "prospect of a settlement at this time," according to a joint letter filed by th The post Ripple, SEC rule out 'prospect of a settlement at this time' appeared first on AMBCrypto.

Ripple Formally Responds to SEC Allegations — Claims SEC Picking Winners and Losers, Distorting Facts About XRP

Ripple Labs has officially responded to the complaint by the US Securities and Exchange Commission (SEC).

Ripple Responds to SEC Lawsuit Over XRP Sales

In a Friday filing, Ripple Labs pushed back against the SEC’s allegations.

Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security

Another class-action lawsuit has been filed against Ripple Labs and CEO Brad Garlinghouse.

Lawsuits against Ripple Grow as XRP Investor in Florida Sues Firm

The SEC lawsuit is not the only complaint that Ripple Labs is currently facing over XRP.

Legitimacy of SEC Clampdown on XRP Cryptocurrency Questioned by TechCrunch, but will Tether be Next?

The founder of TechCrunch Michael Arrington discussed the Securities and Exchange Commission’s lawsuit against Ripple Labs over XRP. (Read More)

Ripple ran crypto's most expensive lobbying program in 2020

Per the latest in lobbying disclosures, Ripple Labs shelled out for its lobbying on legislation looking to change the treatment of crypto under securities laws.

Kraken Latest Exchange to Suspend XRP Trading

It joins Coinbase, Binance.US, and others in suspending XRP trading after the SEC sued Ripple Labs.

Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple

Institutional-grade digital asset firm Grayscale will dissolve its XRP Trust as the United States Securities and Exchange Commission (SEC) pursues its lawsuit against Ripple (Read More)

Tetragon Sues Ripple to Force Stock Redemption

Tetragon was one of Ripple Labs' big financial backers.

Even Bittrex Is Halting Trading of XRP

Bittrex became the latest exchange to cut ties with XRP after the SEC brought securities charges against Ripple Labs.

First Court Date Set in Landmark Case Pitting SEC Against Ripple Labs

The New York Southern District Court has set its first court date for the US Securities and Exchange Commission’s case against Ripple.

Okcoin and Coinbase to Halt XRP Trading Due to the US SEC Lawsuit Against Ripple

Two major cryptocurrency exchanges joined the XRP trading suspension campaign in the wake of the US Securities and Exchange Commission (SEC) lawsuit filed against Ripple Labs on December 22, 2020.

Coinbase To Delist XRP Next Month Following SEC Suit

Coinbase becomes the latest exchange to delist XRP after the US Securities and Exchange Commission filed a $1.3 billion lawsuit alleging Ripple Labs sold unregistered securities.

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of an SEC lawsuit against Ripple Labs.

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner

The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the US Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple and two executives.

XRP trading and deposits to be halted for US customers: Bitstamp

"In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM The post XRP trading and deposits to be halted for US customers: Bitstamp appeared first on AMBCrypto.

Coinbase Will Likely Delist XRP Token as SEC Files Lawsuit Against Ripple

Coinbase has filed for an IPO and awaits the US SEC's review, the SEC is suing Ripple alleging XRP is security - Will Coinbase delist XRP before the battle even begins? (Read More)