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XRP price to witness short-term jitters as death cross nears despite progress in SEC caseCryptos |
7/17/2021 4:00:00 AM GMT
XRP price is showing multiple bearish indicators, including the rising wedge and the descending parallel channel, since June 22.
Ripple could see a maximum projection of a 17% decline from the current price.
The bearish outlook could be voided if positive sentiment emerges from the impending deposition in the SEC lawsuit.
XRP price has printed two bearish chart patterns consecutively, suggesting Ripple could face further decline. The blockchain firm has made progress in the lawsuit filed by the US Securities & Exchange Commission (SEC) after the judge in the case approved of the company’s questioning of a former agency official, William Hinman.
7/16/2021 3:21:35 AM GMT
Judge Sarah Netburn has given Ripple the green light for the deposition of former SEC official Willian Hinman.
The agency previously tried to quash the deposition, stating that the blockchain firm failed to justify the move.
Hinman’s speech on Ethereum in 2018 has taken the spotlight in the $1.3 billion lawsuit.
Ripple has scored another victory in its battle with the United States Securities & Exchange Commission (SEC) over the latter s $1.3 billion lawsuit.
SEC motion to quash Hinman deposition denied
A recent ruling by the US District Court Judge Sarah Netburn denied the SEC’s motion to quash a deposition of a former agency official.
XRP to question former SEC director over the lawsuit techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
4/7/2021 2:06:52 AM GMT
Ripple Labs has been granted access to the
Securities & Exchange Commission’s internal communication.
The regulator previously stated that Bitcoin and Ethereum were not deemed securities.
The judge in the case said that this discovery hearing was a “high-stakes” win for Ripple.
Ripple Labs won in a discovery hearing that would force the Securities & Exchange Commission (SEC) to hand over its internal documents on Bitcoin and Ethereum. The XRP price has since risen 23.4% in the past 24 hours, trading above $1 at the time of writing.
SEC to hand over documents on Bitcoin and Ethereum
The SEC accused Ripple Labs and its executives of offering an unregistered security XRP in December 2020. The securities regulator alleged in the $1.3 billion lawsuit that Ripple illegally earned over $600 million by selling the digital currency.
Ripple s win forces SEC to reveal internal documents on Bitcoin and Ethereum forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.