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Also Read: Cardano Founder Worked As Ripple Intern? Hoskinson Reveals advertisement Did XRP Pass The Howey Test Here? An XRP holder mentioned that he invested in XRP because he knew about Ripple. One of the major reasons for getting into XRP in 2016 was Ripple’s CTO, David Schwart working for the NSA. He added that his first buy came in after reading a new article that hinted that bank might use it ahead. The holder highlighted that he bought XRP when it was priced at $0.10. XRP holders’ lawyer, John Deaton issued clarity over the matter. The attorney stated that Ripple Labs had any kind of direct contact with the buyer and sold him XRP , then there is a valid argument where Ripple’s native crypto satisfies prongs of the Howey test. Read More XRP News Here… As per the given scenario, the buyer paid money to Ripple in favor of XRP . This deal makes the buyer enter a common enterprise with Ripple and directs that a profit was e...

Also Read: Coinbase Bags Another Win Against US SEC In Crypto Rulemaking Case advertisement Ripple To Lead Crypto Industry? Stuart Alderoty, Chief Legal Officer at Ripple mentioned that the Central Bank of Singapore has been able to build a workable framework to provide consumer protection, market integrity, and innovation, all together. The authority defined a direct taxonomy in its framework to classify and regulate digital assets. He added that these clear guidelines have helped crypto firms like Ripple to offer compliant products for users unlike in the U.S. Ripple Legal Chief targeted bears and their projected sentiments in the industry. He highlighted that regulatory clarity is the only thing that will help the crypto utility to move ahead to present real-world use cases. This major development for Ripple landed in when its legal battle with the U.S. Securities and Exchange Commission (SEC) is heading toward the much anticipated Summary Judgeme...

Also Read: Binance To Face US DOJ’s Criminal Charges Or It’s Just A FUD: Ex-SEC Exec Hints Hinman Docs To Unseal In XRP Lawsuit The crypto community can anticipate a roller coaster ride in the market charts this week as much anticipated crucial documents in the XRP lawsuit will be released amid the recently filed legal dispute between U.S. SEC and Binance. As per the schedule, the world’s largest crypto exchange, Binance and its U.S. arm need to respond to the U.S. SEC’s application for a temporary restraining order by Monday. The commission asked a federal court to issue a temporary restraining order to freeze Binance.US’s assets. Tuesday will be marked as the biggest day for Ripple Labs and other defendants in the U.S SEC Lawsuit. The infamous speech was given by then SEC Director of Corporation Finance, Bill Hinman stated in his view, Ethereum (ETH) was not security. It is expected that the sealed documents will disclose what internal discussion led the executive to sugge...

Also Read: Ripple CEO Warns “Confusing Laws” Will Push Crypto Firms To Leave US advertisement Can XRP Maintain This Surge? XRP turned out to be one of the biggest gainers while the crypto market continues to decline. XRP price jumped by 4% in the last 24 hours recovering from the past decline. Its 24 hours trading volume spiked by a whopping 43% to stand at $1.48 billion. XRP is trading at an average price of $0.46, at the press time. However, XRP has gained the most in the tally of the top 10 cryptos over the past 7 days. Ripple ’s native crypto price surged by over 8% in the last 7 days outperforming Bitcoin. Read More XRP News Here… Source: CoinmarketCap It is important to note that the XRP price was moving in a stagnant route until the U.S. district made a news announcement in the US SEC Vs Ripple lawsuit. Coingape reported that Judge Analisa Torres rejected the SEC’s motion to seal the infamous Hinman speech r...