Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas.Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform … [Read more...] about Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight
Ongoing
Ripple reports strong XRP whale accumulation despite ongoing SEC lawsuit
Ripple released its Q1 2021 report showing a solid performance during the first quarter of the year.This includes XRP sales that were up by almost 100% compared to the previous quarter and data showing accumulation from “whale” (holders of a large number of tokens) wallets, despite the ongoing US Securities and Exchange Commission (SEC) lawsuit.XRP advocates have grown in … [Read more...] about Ripple reports strong XRP whale accumulation despite ongoing SEC lawsuit
XRP just got an edge in the ongoing Ripple v. SEC lawsuit
Payments firm Ripple Labs (XRP) has won a ‘discovery’ from the US Securities and Exchange Commission (SEC), as per a report on legal news outlet Law360. It would now be allowed to view internal discussion about the ‘security’ status of cryptocurrencies like Bitcoin and Ethereum.In January we asked "How does the SEC explain telling the public that BTC and ETH are not securities, … [Read more...] about XRP just got an edge in the ongoing Ripple v. SEC lawsuit