LawsuitUpdate
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#XRPRise đșđž First NFT lawsuit to address fake job crypto scheme
đŁ 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 #NFTâ #ShareYourTrade
đŁ 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 #NFTâ #ShareYourTrade
Bitnomial Launches First-Ever XRP Futures in the U.S. After Dropping SEC Lawsuit
The XRP ecosystem is gaining momentum as a major milestone unfolds today. Chicago-based crypto exchange Bitnomial has officially launched the first-ever XRP futures trading in the United States. This move comes just hours after Rippleâs CEO confirmed that the SEC would no longer pursue legal action against the company.
A Game-Changer for XRP Traders
Bitnomialâs newly launched XRP futures contract allows traders to buy and sell XRP at a predetermined price on a future date. Unlike traditional futures that settle in cash, this contract will be physically settled, meaning traders will receive actual XRP at expiration. The U.S. Commodity Futures Trading Commission (CFTC) will regulate the contract, further solidifying XRPâs legal standing.
Dropping the SEC Lawsuit â A Strategic Move
Bitnomial had been in a legal battle with the SEC since October when the regulator insisted that the exchange register as a securities platform. The SEC claimed that XRP was a security, leading Bitnomial to file a lawsuit against the agency for regulatory overreach. However, with the futures contract now approved by the CFTC, the exchange has voluntarily dropped its lawsuit against the SEC.
Rippleâs Legal Victory Fuels XRPâs Growth
The timing of this announcement aligns perfectly with Rippleâs legal victory against the SEC. On August 7, Judge Analisa Torres ruled that XRP sales to retail investors were not securities, though institutional sales were classified differently. The SEC appealed the decision in January but has now backed down, marking a huge win for Ripple.
Rippleâs CEO, Brad Garlinghouse, celebrated the news, stating that this clarity was long overdue. With the legal battle over, market experts predict that XRPâs price and adoption will soar.
XRP Price on the Rise
Following the Bitnomial announcement and Rippleâs legal victory, XRPâs price has surged. At the time of writing, XRP is trading at $2.55, up nearly 12% in the last 24 hours. Investors are now eyeing the possibility of an XRP spot exchange-traded fund (ETF), which could further boost the assetâs adoption.
This groundbreaking move by Bitnomial signals a new era for XRP in the U.S. With clear regulations and a growing market, XRP could be on the path to even greater success.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
#ETF #LawsuitUpdate #SEC #XRP
A Game-Changer for XRP Traders
Bitnomialâs newly launched XRP futures contract allows traders to buy and sell XRP at a predetermined price on a future date. Unlike traditional futures that settle in cash, this contract will be physically settled, meaning traders will receive actual XRP at expiration. The U.S. Commodity Futures Trading Commission (CFTC) will regulate the contract, further solidifying XRPâs legal standing.
Dropping the SEC Lawsuit â A Strategic Move
Bitnomial had been in a legal battle with the SEC since October when the regulator insisted that the exchange register as a securities platform. The SEC claimed that XRP was a security, leading Bitnomial to file a lawsuit against the agency for regulatory overreach. However, with the futures contract now approved by the CFTC, the exchange has voluntarily dropped its lawsuit against the SEC.
Rippleâs Legal Victory Fuels XRPâs Growth
The timing of this announcement aligns perfectly with Rippleâs legal victory against the SEC. On August 7, Judge Analisa Torres ruled that XRP sales to retail investors were not securities, though institutional sales were classified differently. The SEC appealed the decision in January but has now backed down, marking a huge win for Ripple.
Rippleâs CEO, Brad Garlinghouse, celebrated the news, stating that this clarity was long overdue. With the legal battle over, market experts predict that XRPâs price and adoption will soar.
XRP Price on the Rise
Following the Bitnomial announcement and Rippleâs legal victory, XRPâs price has surged. At the time of writing, XRP is trading at $2.55, up nearly 12% in the last 24 hours. Investors are now eyeing the possibility of an XRP spot exchange-traded fund (ETF), which could further boost the assetâs adoption.
This groundbreaking move by Bitnomial signals a new era for XRP in the U.S. With clear regulations and a growing market, XRP could be on the path to even greater success.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
#ETF #LawsuitUpdate #SEC #XRP
đšđšNEWS UPDATE đšđšđš
đ„Crypto Trading Firm Cumberland Says
SEC Plans to Drop Lawsuitđ„
According to BlockBeats, on March 5, cryptocurrency trading firm Cumberland DRW announced on the X platform that it has filed a joint application with the U.S. Securities and Exchange Commission (SEC) to dismiss the lawsuit filed against it. The agreement was reached in principle on February 20 and is currently awaiting approval from the SEC commissioners.
The SEC had filed a lawsuit against Cumberland DRW in October of last year, accusing the company of operating as an unregistered securities dealer and selling over $2 billion in unregistered securities.
#SEC
#Cumberland #LawsuitUpdate
đ„Crypto Trading Firm Cumberland Says
SEC Plans to Drop Lawsuitđ„
According to BlockBeats, on March 5, cryptocurrency trading firm Cumberland DRW announced on the X platform that it has filed a joint application with the U.S. Securities and Exchange Commission (SEC) to dismiss the lawsuit filed against it. The agreement was reached in principle on February 20 and is currently awaiting approval from the SEC commissioners.
The SEC had filed a lawsuit against Cumberland DRW in October of last year, accusing the company of operating as an unregistered securities dealer and selling over $2 billion in unregistered securities.
#SEC
#Cumberland #LawsuitUpdate
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