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šØCAITLYN JENNER MEME COIN #LAWSUIT DISMISSED OVER LACK OF U.S. JURISDICTION
š¹šŗšøU.S. judge tossed crypto fraud class action vs. Caitlyn Jenner, Sophia Hutchins
š¹Plaintiff failed to prove token buys occurred in the U.S.
š¹Jenner allegedly launched coins on Solana, then Ethereumācausing losses
š¹Judge allows re-filing with jurisdiction proof by May 23
- DECRYPT
š¹šŗšøU.S. judge tossed crypto fraud class action vs. Caitlyn Jenner, Sophia Hutchins
š¹Plaintiff failed to prove token buys occurred in the U.S.
š¹Jenner allegedly launched coins on Solana, then Ethereumācausing losses
š¹Judge allows re-filing with jurisdiction proof by May 23
- DECRYPT
XRP Lawsuit: Lawyer Says Judge Torresā Settlement Approval Still Up in the Air
The high-profile XRP lawsuit has reached a pivotal juncture as both Ripple and the US SEC have filed a settlement letter.
However, XRP lawyer Bill Morgan asserts that the Ripple lawsuitās settlement approval is still contingent on Judge Torresā indicative ruling.
Further elaborating on the Ripple vs SEC case, Bill Morgan highlighted the additional steps required to finalize the settlement amidst ongoing uncertainty. Letās break down the XRP lawyerās X thread and analyse the potential developments within the suit.
Lawyer Explains Why the XRP Lawsuit Settlement Is Not a Done Deal
In a recent X post, XRP lawyer Bill Morgan shared insights on the uncertainty surrounding the Ripple case settlement. Though both parties have agreed to a settlement, Morgan states that Judge Analisa Torresā approval still hangs in uncertainty.
However, Morgan believes Judge Torresā approval becomes more plausible, considering public interest. He stated,
There is no certainty that judge Torres will grant the relief the parties seek pursuant to the settlement agreement. She must form a view that it is in the public interest.
Further elaborating his points, Morgan stated that the overwhelming support from XRP holders could influence Judge Torresā decision in favor of the settlement terms. Referring to pro-XRP lawyer John Deaton and the 80,000 followers in the Ripple lawsuit, Morgan commented that the judge is likely to consider dissolving the injunction and reducing the fine to $50 million.
Settlement Process Breakdown
As highlighted by Morgan, the XRP lawsuit settlement process involves several key steps. The initial and major step involved both partiesā settlement requests.
While Ripple filed for a settlement on April 23, the SEC submitted the letter on May 8. The parties have also filed motions to pause the ongoing appeal and cross-appeal. On May 8, they filed a Rule 62.1 motion seeking an indicative ruling from Judge Torres.
If Judge Torres grants the indicative ruling, the parties will then file a motion for a limited remand with the Court of Appeals to seek the agreed-upon relief. After obtaining the remand, theyāll file a motion with Judge Torres to implement the XRP lawsuit settlement terms.
Once the fine is paid and the injunction is dissolved, the final step will be for both parties to file a motion to dismiss the appeal and cross-appeal with the Second Circuit Court.
#xrp #Xrpš„š„ #lawsuit #Ripple
However, XRP lawyer Bill Morgan asserts that the Ripple lawsuitās settlement approval is still contingent on Judge Torresā indicative ruling.
Further elaborating on the Ripple vs SEC case, Bill Morgan highlighted the additional steps required to finalize the settlement amidst ongoing uncertainty. Letās break down the XRP lawyerās X thread and analyse the potential developments within the suit.
Lawyer Explains Why the XRP Lawsuit Settlement Is Not a Done Deal
In a recent X post, XRP lawyer Bill Morgan shared insights on the uncertainty surrounding the Ripple case settlement. Though both parties have agreed to a settlement, Morgan states that Judge Analisa Torresā approval still hangs in uncertainty.
However, Morgan believes Judge Torresā approval becomes more plausible, considering public interest. He stated,
There is no certainty that judge Torres will grant the relief the parties seek pursuant to the settlement agreement. She must form a view that it is in the public interest.
Further elaborating his points, Morgan stated that the overwhelming support from XRP holders could influence Judge Torresā decision in favor of the settlement terms. Referring to pro-XRP lawyer John Deaton and the 80,000 followers in the Ripple lawsuit, Morgan commented that the judge is likely to consider dissolving the injunction and reducing the fine to $50 million.
Settlement Process Breakdown
As highlighted by Morgan, the XRP lawsuit settlement process involves several key steps. The initial and major step involved both partiesā settlement requests.
While Ripple filed for a settlement on April 23, the SEC submitted the letter on May 8. The parties have also filed motions to pause the ongoing appeal and cross-appeal. On May 8, they filed a Rule 62.1 motion seeking an indicative ruling from Judge Torres.
If Judge Torres grants the indicative ruling, the parties will then file a motion for a limited remand with the Court of Appeals to seek the agreed-upon relief. After obtaining the remand, theyāll file a motion with Judge Torres to implement the XRP lawsuit settlement terms.
Once the fine is paid and the injunction is dissolved, the final step will be for both parties to file a motion to dismiss the appeal and cross-appeal with the Second Circuit Court.
#xrp #Xrpš„š„ #lawsuit #Ripple
Supreme Court Ruling on Transgender Military Ban
The U.S. Supreme Court has allowed the $TRUMP administration to implement its policy banning transgender individuals from serving in the military while legal challenges proceed. This decision has sparked significant debate regarding constitutional rights and military policy.
#lawsuit #TRUMP #US #TrendingTopic
$BTC
The U.S. Supreme Court has allowed the $TRUMP administration to implement its policy banning transgender individuals from serving in the military while legal challenges proceed. This decision has sparked significant debate regarding constitutional rights and military policy.
#lawsuit #TRUMP #US #TrendingTopic
$BTC
šØ Big moment for Ripple: Co-founder Chris Larsen is meeting SEC Chair Paul Atkins today, sparking fresh speculation around the XRP lawsuit, ETF prospects, and the tokenās price.
š With the Ripple community eagerly watching for signs of a settlement, this meeting could mark a pivotal turning point for XRPās future.
š Will it reshape the case and open new doors for the ecosystem?
#Ripple #XRP #Crypto #SEC #Lawsuit
š With the Ripple community eagerly watching for signs of a settlement, this meeting could mark a pivotal turning point for XRPās future.
š Will it reshape the case and open new doors for the ecosystem?
#Ripple #XRP #Crypto #SEC #Lawsuit
Anatoly Aksakov, the Chairman of the Russian State Duma Financial Market Committee, has unveiled a pivotal timeline for the enactment of comprehensive cryptocurrency legislation in Russia. He announced an ambitious target: the legislation is anticipated to solidify into law within the first half of 2024. This proclamation comes as a response to the evolving landscape of cryptocurrencies within the country, indicating a strategic and deliberate move towards regulatory clarity and oversight in an otherwise burgeoning but uncertain sector.
Aksakov emphasized the necessity for regulations that address cryptocurrency mining and circulation, areas that have seen significant growth and engagement within Russia's considerable market. Notably, key stakeholders in the crypto sphere within the nation have expressed their openness and preparedness to abide by regulatory frameworks, including the willingness to comply with tax obligations. This marked willingness to operate within a regulated space signifies a shift in the industry's perception, with major players advocating for clarity and legitimacy in their operations.
The impending legislation is poised to fill a critical void, aiming to provide a structured framework governing the crypto realm in Russia. Its introduction signals the government's acknowledgement of the importance of these digital assets within the economic landscape and the need to establish clear guidelines for their legal operation. The move toward regulation reflects an earnest attempt to balance innovation and risk management, aiming to foster a healthy and sustainable ecosystem for cryptocurrencies within the country's financial sphere.
#lawsuit #MARKET
Aksakov emphasized the necessity for regulations that address cryptocurrency mining and circulation, areas that have seen significant growth and engagement within Russia's considerable market. Notably, key stakeholders in the crypto sphere within the nation have expressed their openness and preparedness to abide by regulatory frameworks, including the willingness to comply with tax obligations. This marked willingness to operate within a regulated space signifies a shift in the industry's perception, with major players advocating for clarity and legitimacy in their operations.
The impending legislation is poised to fill a critical void, aiming to provide a structured framework governing the crypto realm in Russia. Its introduction signals the government's acknowledgement of the importance of these digital assets within the economic landscape and the need to establish clear guidelines for their legal operation. The move toward regulation reflects an earnest attempt to balance innovation and risk management, aiming to foster a healthy and sustainable ecosystem for cryptocurrencies within the country's financial sphere.
#lawsuit #MARKET
ššš #Rippleš° vs. #SEC Ends: Can Individuals Pursue a Class-Action #lawsuit ? John Deaton Calls It āChallengingā
Rippleās lengthy legal battle with the SEC has finally concluded, marking a significant win for the crypto industry. The case, which revolved around whether $XRP should be classified as a security, ended with Ripple agreeing to a reduced fine of $25 millionāfar lower than the original $2 billion. While Ripple can continue its global operations, it faces restrictions on selling XRP to U.S. institutions.
In a surprising turn, the SEC issued an apology for mischaracterizing XRP, sparking questions about the agencyās regulatory approach. Rippleās victory is viewed as a major positive for the crypto market, with growing optimism about XRPās future prospects.
On the Good Morning Crypto Show, attorney John Deaton, who represented over 75,000 XRP holders, was asked whether a class-action lawsuit could be filed against the SEC for allegedly bringing a false case against Ripple.
Can the SEC Be Held Accountable?
- Deaton explained that suing a government agency like the SEC is challenging. While lawsuits have been filed against the SEC before, they typically encounter significant obstacles. When the issue is negligence or poor regulation, itās generally hard to hold the agency legally responsible. The law doesnāt usually permit suing a regulatory body for simply failing to perform well.
The Role of the Inspector Generalās Investigation
- However, Deaton pointed out that an ongoing investigation by the Inspector General (IG) could change the situation. If the investigation uncovers gross misconduct, such as deliberate deception or abuse of discretion, it could open the door for legal action. For example, claims of regulatory captureāwhere a regulator acts in favor of certain companies at the expense of othersāmight be explored. Still, Deaton emphasized that the road to such a lawsuit is difficult and would depend heavily on the findings of the IG report.
Source - coinpedia.org
#CryptoNewsCommunity #BinanceSquareTalks
Rippleās lengthy legal battle with the SEC has finally concluded, marking a significant win for the crypto industry. The case, which revolved around whether $XRP should be classified as a security, ended with Ripple agreeing to a reduced fine of $25 millionāfar lower than the original $2 billion. While Ripple can continue its global operations, it faces restrictions on selling XRP to U.S. institutions.
In a surprising turn, the SEC issued an apology for mischaracterizing XRP, sparking questions about the agencyās regulatory approach. Rippleās victory is viewed as a major positive for the crypto market, with growing optimism about XRPās future prospects.
On the Good Morning Crypto Show, attorney John Deaton, who represented over 75,000 XRP holders, was asked whether a class-action lawsuit could be filed against the SEC for allegedly bringing a false case against Ripple.
Can the SEC Be Held Accountable?
- Deaton explained that suing a government agency like the SEC is challenging. While lawsuits have been filed against the SEC before, they typically encounter significant obstacles. When the issue is negligence or poor regulation, itās generally hard to hold the agency legally responsible. The law doesnāt usually permit suing a regulatory body for simply failing to perform well.
The Role of the Inspector Generalās Investigation
- However, Deaton pointed out that an ongoing investigation by the Inspector General (IG) could change the situation. If the investigation uncovers gross misconduct, such as deliberate deception or abuse of discretion, it could open the door for legal action. For example, claims of regulatory captureāwhere a regulator acts in favor of certain companies at the expense of othersāmight be explored. Still, Deaton emphasized that the road to such a lawsuit is difficult and would depend heavily on the findings of the IG report.
Source - coinpedia.org
#CryptoNewsCommunity #BinanceSquareTalks
SEC Crackdown Misses Yet Again: A Look at the Kraken Lawsuit.
In my Opinion, theĀ Kraken caseĀ puts a spotlight on bigger problems in how the U.S regulates cryptocurrencies.
In the ongoing showdown between theĀ United States Securities and Exchange Commission (SEC)Ā and Kraken, a major cryptocurrency exchange, the regulatory body seems stuck in a familiar loop of challenges. As we dive into the legal drama, it becomes clear that this struggle isnāt just a replay of past failures but a sign of deeper issues within the regulatory world.
TheĀ lawsuit, filed in November, claims Kraken operated as an unregistered securities exchange, echoing the SECās past struggles in the crypto realm. This legal clash bears a resemblance to the SECās previous run-ins with Coinbase, showing a pattern of assertive regulation that misses the quirks of the cryptocurrency universe.
Both cases revolve around accusations of unregistered securities exchanges, highlighting a basic misunderstanding of how cryptocurrency exchanges work. Unlike traditional stock markets,Ā KrakenĀ and similar platforms deal with a mix of digital assets that donāt fit neatly into existing regulatory boxes.
This mislabeling reveals the SECās lack of understanding about cryptocurrencies, which operate as decentralized entities with features akin to utility or currency.
The SECās tough stance might push crypto businesses to friendlier shores, a phenomenon called regulatory arbitrage. This potential exodus poses a risk to the U.S.ās position as a tech innovation leader.
Beyond the legal battle, theĀ Kraken caseĀ puts a spotlight on bigger problems in how the U.S regulates cryptocurrencies. Experts urge the SEC to ditch old tactics and connect with the crypto industry in a smart and helpful way.
Regulation is vital, but it has to be sensible, well-informed, and crafted to boost innovation, not smother it. Now, itās up to the SEC to show it can keep up with the ever-changing world of cryptocurrencies.
#SECvsCrypto #Kraken #SECImpact #lawsuit #KrakenSECsuit
$XRP $SOL $BTC
In my Opinion, theĀ Kraken caseĀ puts a spotlight on bigger problems in how the U.S regulates cryptocurrencies.
In the ongoing showdown between theĀ United States Securities and Exchange Commission (SEC)Ā and Kraken, a major cryptocurrency exchange, the regulatory body seems stuck in a familiar loop of challenges. As we dive into the legal drama, it becomes clear that this struggle isnāt just a replay of past failures but a sign of deeper issues within the regulatory world.
TheĀ lawsuit, filed in November, claims Kraken operated as an unregistered securities exchange, echoing the SECās past struggles in the crypto realm. This legal clash bears a resemblance to the SECās previous run-ins with Coinbase, showing a pattern of assertive regulation that misses the quirks of the cryptocurrency universe.
Both cases revolve around accusations of unregistered securities exchanges, highlighting a basic misunderstanding of how cryptocurrency exchanges work. Unlike traditional stock markets,Ā KrakenĀ and similar platforms deal with a mix of digital assets that donāt fit neatly into existing regulatory boxes.
This mislabeling reveals the SECās lack of understanding about cryptocurrencies, which operate as decentralized entities with features akin to utility or currency.
The SECās tough stance might push crypto businesses to friendlier shores, a phenomenon called regulatory arbitrage. This potential exodus poses a risk to the U.S.ās position as a tech innovation leader.
Beyond the legal battle, theĀ Kraken caseĀ puts a spotlight on bigger problems in how the U.S regulates cryptocurrencies. Experts urge the SEC to ditch old tactics and connect with the crypto industry in a smart and helpful way.
Regulation is vital, but it has to be sensible, well-informed, and crafted to boost innovation, not smother it. Now, itās up to the SEC to show it can keep up with the ever-changing world of cryptocurrencies.
#SECvsCrypto #Kraken #SECImpact #lawsuit #KrakenSECsuit
$XRP $SOL $BTC
ā”ļø Cristiano Ronaldo has been sued for promoting unregistered securities
Pro football star Cristiano Ronaldo has been addressed with a proposed class-action lawsuit. The lawsuit claims that Ronaldo promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance. Back in 2022, Binance announced a multi-year NFT partnership with Cristiano Ronaldo.
#Cristiano #Cristianoronaldo #CristianoRonaldoNFT #lawsuit #NFTsšš¼ļøš©šŖ
Pro football star Cristiano Ronaldo has been addressed with a proposed class-action lawsuit. The lawsuit claims that Ronaldo promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance. Back in 2022, Binance announced a multi-year NFT partnership with Cristiano Ronaldo.
#Cristiano #Cristianoronaldo #CristianoRonaldoNFT #lawsuit #NFTsšš¼ļøš©šŖ
Cristiano Ronaldo faces $1bn lawsuit over Binance ads.
Footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world.
The plaintiffs claim his endorsement led them to make loss-making investments.
They are seeking damages of "a sum exceeding" $1bn (Ā£790m).
The BBC has contacted both Ronaldo's management company and Binance for comment.
In November 2022,Ā Binance announced its first "CR7" collection of non-fungible tokens (NFTs)Ā in partnership with Ronaldo, which the footballer said would reward fans "for all the years of support".
NFTs are virtual assets that can be bought and sold, but which have no real-world form of their own - in other words they only exist digitally. Generally, they are used to mark ownership of something, such as a picture or video online.
"CR7" refers to Ronaldo's initials and shirt number, and is used as branding in a range of products, from footwear to fragrances, that have helped make him one of theĀ wealthiest athletes on earth.
In a social media video announcing the partnership, Ronaldo told would-be investors "we are going to change the NFT game and take football to the next level".
The cheapest NFT from the collection was priced at $77 when it went on sale in November 2022 - but one year later, it was priced at about $1.
The claimants allege that Ronaldo's promotion of Binance led to a "500% increase in searches" for the crypto exchange, which is registered in the Cayman Islands.
They also say it led people to use the firm to invest in what they call "unregistered securities" - such as Binance's BNB cryptocurrency.
According to the US Securities and Exchanges Commission (SEC), these assets can be considered securities - and so celebrities endorsing them must follow US law.
#BinanceLawsuit #Binance #CR7 #NFTMarketplaceInnovation #lawsuit
$BNB $BTC $ETH
Footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world.
The plaintiffs claim his endorsement led them to make loss-making investments.
They are seeking damages of "a sum exceeding" $1bn (Ā£790m).
The BBC has contacted both Ronaldo's management company and Binance for comment.
In November 2022,Ā Binance announced its first "CR7" collection of non-fungible tokens (NFTs)Ā in partnership with Ronaldo, which the footballer said would reward fans "for all the years of support".
NFTs are virtual assets that can be bought and sold, but which have no real-world form of their own - in other words they only exist digitally. Generally, they are used to mark ownership of something, such as a picture or video online.
"CR7" refers to Ronaldo's initials and shirt number, and is used as branding in a range of products, from footwear to fragrances, that have helped make him one of theĀ wealthiest athletes on earth.
In a social media video announcing the partnership, Ronaldo told would-be investors "we are going to change the NFT game and take football to the next level".
The cheapest NFT from the collection was priced at $77 when it went on sale in November 2022 - but one year later, it was priced at about $1.
The claimants allege that Ronaldo's promotion of Binance led to a "500% increase in searches" for the crypto exchange, which is registered in the Cayman Islands.
They also say it led people to use the firm to invest in what they call "unregistered securities" - such as Binance's BNB cryptocurrency.
According to the US Securities and Exchanges Commission (SEC), these assets can be considered securities - and so celebrities endorsing them must follow US law.
#BinanceLawsuit #Binance #CR7 #NFTMarketplaceInnovation #lawsuit
$BNB $BTC $ETH
šØ Coinbase Faces Shareholder Lawsuit Over Alleged Bankruptcy Misrepresentation šØ
Coinbase and its top executives are facing a shareholder lawsuit that accuses them of misleading investors about the risks associated with bankruptcy. The lawsuit, filed in a New Jersey federal court, alleges that Coinbase failed to disclose that customer assets could be considered part of the company's bankruptcy estateāpotentially leaving retail investors as unsecured creditors in the event of insolvency.
The legal challenge also claims that Coinbase engaged in proprietary trading to counteract declining crypto prices, a risky practice that could impact financial stability. Additionally, it raises concerns over executivesāincluding CEO Brian Armstrongāallegedly selling millions in company stock while knowing about these undisclosed risks.
With the SECās ongoing lawsuit against Coinbase and regulatory scrutiny intensifying, could these legal battles reshape the future of crypto exchanges?
Read the full story here: www.ecoinimist.com/2025/02/19/coinbase-lawsuit-bankruptcy-risk
#coinbase #crypto #Regulation #lawsuit #blockchain
Coinbase and its top executives are facing a shareholder lawsuit that accuses them of misleading investors about the risks associated with bankruptcy. The lawsuit, filed in a New Jersey federal court, alleges that Coinbase failed to disclose that customer assets could be considered part of the company's bankruptcy estateāpotentially leaving retail investors as unsecured creditors in the event of insolvency.
The legal challenge also claims that Coinbase engaged in proprietary trading to counteract declining crypto prices, a risky practice that could impact financial stability. Additionally, it raises concerns over executivesāincluding CEO Brian Armstrongāallegedly selling millions in company stock while knowing about these undisclosed risks.
With the SECās ongoing lawsuit against Coinbase and regulatory scrutiny intensifying, could these legal battles reshape the future of crypto exchanges?
Read the full story here: www.ecoinimist.com/2025/02/19/coinbase-lawsuit-bankruptcy-risk
#coinbase #crypto #Regulation #lawsuit #blockchain
#OpenSea users have filed a class-action lawsuit claiming that #NFTs purchased on the platform may qualify as unregistered securities.
The lawsuit argues that OpenSea facilitated the sale of NFTs without proper disclosures required by securities laws, potentially misleading buyers about the investment risks involved.
The legal dispute could have significant implications for the NFT market if the court rules that these digital assets are indeed securities, potentially subjecting NFT platforms to more stringent regulations.
#nftmarket #lawsuit #TrendingTopic
The lawsuit argues that OpenSea facilitated the sale of NFTs without proper disclosures required by securities laws, potentially misleading buyers about the investment risks involved.
The legal dispute could have significant implications for the NFT market if the court rules that these digital assets are indeed securities, potentially subjecting NFT platforms to more stringent regulations.
#nftmarket #lawsuit #TrendingTopic
#XRPRise šŗšø First NFT lawsuit to address fake job crypto scheme
š£ New York Attorney General Letitia James will become the first regulator to send a lawsuit notice via NFT.
The landmark case involves a $2.2 million fraud scheme offering remote work opportunities to U.S. residents.
NFTs containing links to court documents will be sent to the cryptocurrency wallets used by the criminals, whose identities remain unknown.
#lawsuit #LawsuitUpdate #NFTā #ShareYourTrade
š£ New York Attorney General Letitia James will become the first regulator to send a lawsuit notice via NFT.
The landmark case involves a $2.2 million fraud scheme offering remote work opportunities to U.S. residents.
NFTs containing links to court documents will be sent to the cryptocurrency wallets used by the criminals, whose identities remain unknown.
#lawsuit #LawsuitUpdate #NFTā #ShareYourTrade
Influencer Logan Paul has filed a lawsuit against YouTuber Coffeezilla, accusing him of intentionally hiding exonerating evidence and making false, damaging statements about Paulās involvement in the failed CryptoZoo game. The lawsuit, filed in San Antonio, claims Coffeezilla, whose real name is Stephen Findeisen, knowingly perpetuated falsehoods to boost his profile and income, despite possessing text messages that showed Paul's genuine concerns and good intentions regarding the game. #LoganPaul #Coffeezilla #CryptoZooGame #lawsuit
$XRP Suit: The Plot Thickens āļø
The highly-anticipated XRP lawsuit has been ongoing for months, with many expecting a swift resolution. However, it's starting to feel like a slow-burning thriller.
As the case drags on, the #XRP community is getting restless. But, could this be a blessing in disguise?
Some analysts believe that the delayed resolution might be a sign that the judge is carefully considering the case, potentially leading to a favorable outcome for XRP!
Others speculate that the prolonged uncertainty could be building up momentum for a massive price surge!š
Is XRP preparing to break free from its shackles and blast off to new all-time highs? š¤
Share your thoughts- Are you optimistic about XRP's future?
Stay tuned for updates on this gripping saga
#Lawsuit #Cryptocurrency #Pricepredictions2025 #NewAllTimeHigh
The highly-anticipated XRP lawsuit has been ongoing for months, with many expecting a swift resolution. However, it's starting to feel like a slow-burning thriller.
As the case drags on, the #XRP community is getting restless. But, could this be a blessing in disguise?
Some analysts believe that the delayed resolution might be a sign that the judge is carefully considering the case, potentially leading to a favorable outcome for XRP!
Others speculate that the prolonged uncertainty could be building up momentum for a massive price surge!š
Is XRP preparing to break free from its shackles and blast off to new all-time highs? š¤
Share your thoughts- Are you optimistic about XRP's future?
Stay tuned for updates on this gripping saga
#Lawsuit #Cryptocurrency #Pricepredictions2025 #NewAllTimeHigh
šØ Former Ethereum Advisor Sues US Government For $96 Billion! šØ
š Steven Nerayoff, ex-Ethereum advisor, files lawsuit against US government, alleging 'malicious' investigation and prosecution.
š¼ Seeking $96 billion in damages, Nerayoff accuses federal agents of conducting a 'collective phishing operation', involving subpoenas, surveillance, and wrongful arrest.
šµļøāāļø Previously arrested in 2019 for allegedly extorting 10,000 Ethereum from a crypto startup, Nerayoff's lawsuit spans four years, concluding in May 2023 when the US government dropped the charges.
š Stay tuned as this legal battle unfolds, reshaping the landscape of crypto-related prosecutions.
#Ethereumā #lawsuit šš¼
š Steven Nerayoff, ex-Ethereum advisor, files lawsuit against US government, alleging 'malicious' investigation and prosecution.
š¼ Seeking $96 billion in damages, Nerayoff accuses federal agents of conducting a 'collective phishing operation', involving subpoenas, surveillance, and wrongful arrest.
šµļøāāļø Previously arrested in 2019 for allegedly extorting 10,000 Ethereum from a crypto startup, Nerayoff's lawsuit spans four years, concluding in May 2023 when the US government dropped the charges.
š Stay tuned as this legal battle unfolds, reshaping the landscape of crypto-related prosecutions.
#Ethereumā #lawsuit šš¼
šØ BINANCE WINS LAWSUIT AGAINST THE SECšØ
A U.S. federal court has ruled that cryptocurrencies, including Binanceās BNB token, are not securities. This ruling marks a significant victory for Binance and the broader crypto community, potentially influencing other ongoing legal battles in the sector.
āļø Court Ruling Highlights āļø
Judge's Decision: Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that cryptocurrencies and secondary sales of BNB do not constitute securities offerings. This decision dismissed several claims made by the U.S. Securities and Exchange Commission (SEC).
Howey Test: The court found that the SEC failed to demonstrate that purchasers in secondary market sales acquired BNB with an expectation of profits, which is crucial for passing the Howey test. This test, established by the Supreme Court, determines whether a transaction qualifies as an investment contract.
Legal Precedent: The ruling emphasized that the SECās approach muddied the issues and ignored controlling Supreme Court precedent. The focus should be on whether the circumstances surrounding each transaction render it a securities transaction, not on the cryptocurrencies themselves.
š A Major Win for Binance and Crypto š
This ruling is a significant triumph for Binance.US and the broader crypto industry, which has faced increased scrutiny from the SEC. The regulatorās aggressive approach, especially after the collapse of FTX, aimed to prevent similar incidents but faced criticism for potentially stifling innovation.
Implications for Ripple: This decision could positively impact other legal battles, such as the ongoing SEC vs. Ripple lawsuit, by setting a precedent that cryptocurrencies themselves are not securities.
What do you think about this WIN?
I say : Congratulations āØš well deserved Binance.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#binance #sec #lawsuit #binanceus #legal
$BNB $ETH $BTC
A U.S. federal court has ruled that cryptocurrencies, including Binanceās BNB token, are not securities. This ruling marks a significant victory for Binance and the broader crypto community, potentially influencing other ongoing legal battles in the sector.
āļø Court Ruling Highlights āļø
Judge's Decision: Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that cryptocurrencies and secondary sales of BNB do not constitute securities offerings. This decision dismissed several claims made by the U.S. Securities and Exchange Commission (SEC).
Howey Test: The court found that the SEC failed to demonstrate that purchasers in secondary market sales acquired BNB with an expectation of profits, which is crucial for passing the Howey test. This test, established by the Supreme Court, determines whether a transaction qualifies as an investment contract.
Legal Precedent: The ruling emphasized that the SECās approach muddied the issues and ignored controlling Supreme Court precedent. The focus should be on whether the circumstances surrounding each transaction render it a securities transaction, not on the cryptocurrencies themselves.
š A Major Win for Binance and Crypto š
This ruling is a significant triumph for Binance.US and the broader crypto industry, which has faced increased scrutiny from the SEC. The regulatorās aggressive approach, especially after the collapse of FTX, aimed to prevent similar incidents but faced criticism for potentially stifling innovation.
Implications for Ripple: This decision could positively impact other legal battles, such as the ongoing SEC vs. Ripple lawsuit, by setting a precedent that cryptocurrencies themselves are not securities.
What do you think about this WIN?
I say : Congratulations āØš well deserved Binance.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#binance #sec #lawsuit #binanceus #legal
$BNB $ETH $BTC
Ripple vs. SEC: Round 2! š„
$XRP
Hey Binance Square family! š The Ripple vs. SEC battle just got a whole lot more interesting! The SEC recently filed an appeal against the July 2023 ruling that favored Ripple.
What's the SEC's beef? š¤ They're arguing that all XRP sales should be considered securities, even the ones to retail investors. They believe Ripple's marketing and how they distributed XRP created a situation where people expected profits based on Ripple's efforts.
But Ripple isn't backing down! šŖ They called the SEC's appeal a "repeat performance" and are confident in their position.
What does this mean for XRP? š¤ This legal battle could have a huge impact on the crypto world! If the court sides with the SEC, it could set a precedent for other cryptocurrencies to be labeled as securities, which would tighten regulations big time.
But don't worry! The fundamentals of XRP remain strong. With its growing utility and adoption, XRP still has the potential to reach new heights! š
Technical Analysis: XRP is currently looking bullish! The RSI is high, so we might see a correction soon. Keep an eye on the 38.2% Fibonacci retracement level at $2.70 ā that could be a good entry point for the next move up.
What do YOU think? Will Ripple win this appeal? Share your thoughts in the comments below! š
#Ripple #SEC #XRP #BinanceSquare #Crypto #Lawsuit
Disclaimer: This is for informational purposes only and should not be considered financial advice.
Hey Binance Square family! š The Ripple vs. SEC battle just got a whole lot more interesting! The SEC recently filed an appeal against the July 2023 ruling that favored Ripple.
What's the SEC's beef? š¤ They're arguing that all XRP sales should be considered securities, even the ones to retail investors. They believe Ripple's marketing and how they distributed XRP created a situation where people expected profits based on Ripple's efforts.
But Ripple isn't backing down! šŖ They called the SEC's appeal a "repeat performance" and are confident in their position.
What does this mean for XRP? š¤ This legal battle could have a huge impact on the crypto world! If the court sides with the SEC, it could set a precedent for other cryptocurrencies to be labeled as securities, which would tighten regulations big time.
But don't worry! The fundamentals of XRP remain strong. With its growing utility and adoption, XRP still has the potential to reach new heights! š
Technical Analysis: XRP is currently looking bullish! The RSI is high, so we might see a correction soon. Keep an eye on the 38.2% Fibonacci retracement level at $2.70 ā that could be a good entry point for the next move up.
What do YOU think? Will Ripple win this appeal? Share your thoughts in the comments below! š
#Ripple #SEC #XRP #BinanceSquare #Crypto #Lawsuit
Disclaimer: This is for informational purposes only and should not be considered financial advice.
JUST INšØ
Ripple Lawsuit News: Ex-SEC Lawyer Reacts to Unusual XRP Filing by $10M Fined Stock Dealer
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1/2
Rippleās CEO, Brad Garlinghouse, recently shared a video celebrating what he called a victory in the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). While Rippleās executives have confirmed the case is over, thereās been no official statement from the SEC, leaving many in the XRP community wondering whatās really going on. To add to the mystery, an unexpected filing popped up in the court case. A guy named Justin W. Keener sent an emergency request, claiming he has ādecisive evidenceā that could help Ripple and support freedom for Americans. But no one knows exactly what this evidence is. Keener says it has something to do with investment contracts heās been collecting
2/2
When Fox Businessā Eleanor Terrett looked into Keener, she found out the SEC had recently sued him for being an unregistered penny stock dealer. A court ordered him to pay over $10 million because of it. Legal experts arenāt taking his filing seriously. Former SEC lawyer Marc Fagel said itās basically like spam getting through the courtās system and will likely be thrown out quickly. He explained that Keener isnāt part of the case and doesnāt have the right to submit evidence. Some people asked if Judge Analisa Torres might change her decision about Rippleās liability. Fagel replied that this isnāt possible. āJudge Torres wonāt be asked to, nor will she, ārevokeā her ruling on liability,ā he said. Instead, both sides will try to adjust the remedies, not the original decision.
#Xrpš„š„
#lawsuit
#RÄ°PPLE
#Write2Earn
#BTCNextATH
$XRP
Ripple Lawsuit News: Ex-SEC Lawyer Reacts to Unusual XRP Filing by $10M Fined Stock Dealer
Read more šš¼šš¼
1/2
Rippleās CEO, Brad Garlinghouse, recently shared a video celebrating what he called a victory in the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). While Rippleās executives have confirmed the case is over, thereās been no official statement from the SEC, leaving many in the XRP community wondering whatās really going on. To add to the mystery, an unexpected filing popped up in the court case. A guy named Justin W. Keener sent an emergency request, claiming he has ādecisive evidenceā that could help Ripple and support freedom for Americans. But no one knows exactly what this evidence is. Keener says it has something to do with investment contracts heās been collecting
2/2
When Fox Businessā Eleanor Terrett looked into Keener, she found out the SEC had recently sued him for being an unregistered penny stock dealer. A court ordered him to pay over $10 million because of it. Legal experts arenāt taking his filing seriously. Former SEC lawyer Marc Fagel said itās basically like spam getting through the courtās system and will likely be thrown out quickly. He explained that Keener isnāt part of the case and doesnāt have the right to submit evidence. Some people asked if Judge Analisa Torres might change her decision about Rippleās liability. Fagel replied that this isnāt possible. āJudge Torres wonāt be asked to, nor will she, ārevokeā her ruling on liability,ā he said. Instead, both sides will try to adjust the remedies, not the original decision.
#Xrpš„š„
#lawsuit
#RÄ°PPLE
#Write2Earn
#BTCNextATH
$XRP
Do Kwon's Terra Trial Set for 2026āHere's What You Need to Know:
* Terra founder Do Kwon's criminal trial has been set. Here's what you need to know about the $40 billion collapse of TerraUSD and LUNA.
The high-stakes trial of Terraform Labs co-founder Do Kwon is scheduled for January 26, 2026, in the U.S. District Court for the Southern District of New York. He'll spend the next year in federal jail, after his lawyers consented to his detention.
The trial, expected to last four to eight weeks, will address criminal fraud charges tied to the catastrophic $40 billion collapse of the TerraUSD (UST) stablecoin and its sister token LUNA in 2022.
This case is a culmination of international legal battles, financial ruin, and allegations of deceit that dismantled the promises that once captivated millions of crypto investors.
Do Kwon, who pleaded not guilty to the charges last week, has been accused of multiple counts of fraud, including securities fraud, wire fraud, and conspiracy to commit money laundering.
Prosecutors allege the Terra founder orchestrated schemes to manipulate markets, misrepresent the stability of Terraformās products, and launder proceeds through Swiss bank accounts and other blockchains.
If convicted, the 33-year-old faces a maximum sentence of 130 years in prison.
In addition to the criminal charges, Kwon faces multiple civil lawsuits. In April 2024, a New York jury found Kwon liable for fraud in a case brought by the SEC.
Terraform Labs agreed to a $4.47 billion settlement with the SEC in June 2024. The Commodity Futures Trading Commission (CFTC) has also levied allegations against Kwon, compounding his legal challenges.
Speaking to Decrypt, Sid Powell, CEO & co-founder of Maple Finance, called the Terra ecosystem collapse a āwake-up callā for DeFi, or decentralized financeāa catch-all term that describes the various protocols and platforms built around automated, crypto-driven finance products.
āWhen it comes to regulatory effects, lawmakers began cracking down on DeFi protocols more aggressively,ā said Powell. āDevelopers responded by prioritizing resilience and risk management, incorporating over-collateralization models and exploring hybrid mechanisms that combine algorithmic design with collateral.ā
* How $40 billion was lost in days:
The collapse of Terraform Labsā ecosystem in May 2022 remains one of the most devastating events in crypto history. It wiped out $40 billion in market value almost overnight.
Both UST and LUNA were designed to work together in a system that promised stability and high returns, but flaws in its design led to a catastrophic failure. USTās stability relied on an algorithmic system where its value was maintained through a burn-and-mint mechanism with LUNA.
When UST traded below $1, users could burn UST to mint LUNA, reducing supply and restoring the peg. Conversely, when UST traded above $1, LUNA could be burned to mint more UST.
On May 6, 2022, a large UST selloff on Curve Finance caused the stablecoin to lose its dollar peg. Panic set in, leading to mass redemptions.
As USTās value fell, the burn-and-mint mechanism drastically inflated LUNAās supply, diluting its value. Within days, UST plummeted to $0.13, while LUNAās price collapsed from $64 to fractions of a cent.
The algorithmic system failed to stabilize UST, triggering a death spiral that obliterated the ecosystemās value and impacted more than a million estimated victims.
The collapse also rippled through the crypto sector, pushing several interconnected projects into bankruptcy and contributing to the eventual downfall of the FTX exchange.
There was also reinforced skepticism toward high-yield generating crypto projects (since the crash), prompting a shift in focus toward more sustainable projects,ā Sei Labs co-founder Jayendra "Jay" Jog told Decrypt. āTrust in algorithmic stablecoinsāseen as innovative but inherently riskyādiminished, prompting investors to focus on fiat-backed stablecoins such as USDC and USDT.ā
* Extradition tug-of-war:
Following the TerraUSD collapse, Kwon went on the run, evading international authorities. Kwon was arrested in Montenegro in March 2023 for attempting to travel with a forged passport.
Both the U.S. and South Korea sought his extradition. Montenegroās courts initially ruled in favor of South Korea, but U.S. prosecutors ultimately secured his extradition in December 2024.
Upon his arrival in the U.S., Kwon appeared in court and agreed to remain in custody without bail.
The Terra crash exposed the vulnerabilities of algorithmic stablecoins and unregulated financial systems. Kwon now faces trial, which will serve as a litmus test for accountability in the largely unregulated crypto space.
Follow For More Updates...
šššššššššššš
#DoKon #TerraTrial #Lawsuit #Blockchain #Trial $lunc $DOGE $LUNA
$PEPE
The high-stakes trial of Terraform Labs co-founder Do Kwon is scheduled for January 26, 2026, in the U.S. District Court for the Southern District of New York. He'll spend the next year in federal jail, after his lawyers consented to his detention.
The trial, expected to last four to eight weeks, will address criminal fraud charges tied to the catastrophic $40 billion collapse of the TerraUSD (UST) stablecoin and its sister token LUNA in 2022.
This case is a culmination of international legal battles, financial ruin, and allegations of deceit that dismantled the promises that once captivated millions of crypto investors.
Do Kwon, who pleaded not guilty to the charges last week, has been accused of multiple counts of fraud, including securities fraud, wire fraud, and conspiracy to commit money laundering.
Prosecutors allege the Terra founder orchestrated schemes to manipulate markets, misrepresent the stability of Terraformās products, and launder proceeds through Swiss bank accounts and other blockchains.
If convicted, the 33-year-old faces a maximum sentence of 130 years in prison.
In addition to the criminal charges, Kwon faces multiple civil lawsuits. In April 2024, a New York jury found Kwon liable for fraud in a case brought by the SEC.
Terraform Labs agreed to a $4.47 billion settlement with the SEC in June 2024. The Commodity Futures Trading Commission (CFTC) has also levied allegations against Kwon, compounding his legal challenges.
Speaking to Decrypt, Sid Powell, CEO & co-founder of Maple Finance, called the Terra ecosystem collapse a āwake-up callā for DeFi, or decentralized financeāa catch-all term that describes the various protocols and platforms built around automated, crypto-driven finance products.
āWhen it comes to regulatory effects, lawmakers began cracking down on DeFi protocols more aggressively,ā said Powell. āDevelopers responded by prioritizing resilience and risk management, incorporating over-collateralization models and exploring hybrid mechanisms that combine algorithmic design with collateral.ā
* How $40 billion was lost in days:
The collapse of Terraform Labsā ecosystem in May 2022 remains one of the most devastating events in crypto history. It wiped out $40 billion in market value almost overnight.
Both UST and LUNA were designed to work together in a system that promised stability and high returns, but flaws in its design led to a catastrophic failure. USTās stability relied on an algorithmic system where its value was maintained through a burn-and-mint mechanism with LUNA.
When UST traded below $1, users could burn UST to mint LUNA, reducing supply and restoring the peg. Conversely, when UST traded above $1, LUNA could be burned to mint more UST.
On May 6, 2022, a large UST selloff on Curve Finance caused the stablecoin to lose its dollar peg. Panic set in, leading to mass redemptions.
As USTās value fell, the burn-and-mint mechanism drastically inflated LUNAās supply, diluting its value. Within days, UST plummeted to $0.13, while LUNAās price collapsed from $64 to fractions of a cent.
The algorithmic system failed to stabilize UST, triggering a death spiral that obliterated the ecosystemās value and impacted more than a million estimated victims.
The collapse also rippled through the crypto sector, pushing several interconnected projects into bankruptcy and contributing to the eventual downfall of the FTX exchange.
There was also reinforced skepticism toward high-yield generating crypto projects (since the crash), prompting a shift in focus toward more sustainable projects,ā Sei Labs co-founder Jayendra "Jay" Jog told Decrypt. āTrust in algorithmic stablecoinsāseen as innovative but inherently riskyādiminished, prompting investors to focus on fiat-backed stablecoins such as USDC and USDT.ā
* Extradition tug-of-war:
Following the TerraUSD collapse, Kwon went on the run, evading international authorities. Kwon was arrested in Montenegro in March 2023 for attempting to travel with a forged passport.
Both the U.S. and South Korea sought his extradition. Montenegroās courts initially ruled in favor of South Korea, but U.S. prosecutors ultimately secured his extradition in December 2024.
Upon his arrival in the U.S., Kwon appeared in court and agreed to remain in custody without bail.
The Terra crash exposed the vulnerabilities of algorithmic stablecoins and unregulated financial systems. Kwon now faces trial, which will serve as a litmus test for accountability in the largely unregulated crypto space.
Follow For More Updates...
šššššššššššš
#DoKon #TerraTrial #Lawsuit #Blockchain #Trial $lunc $DOGE $LUNA
$PEPE
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