Ripple’s Deal With US Treasury Defines XRP as a Currency, Not a Security Will an agreement between Ripple Labs and the US Treasury Department convince the SEC that XRP is not a security?Ripple signed a settlement agreement with the Treasury’s Financial Crimes Enforcement Network (FinCEN) in 2015, paying a $700,000 fine...
Ripple (XRP) Bring Former SEC Heavy Hitters to its Defense Team
Ripple's lawsuit just got interesting as the former SEC boss and her enforcement chief have joined the fray against a jilted investor who alleges that XRP is a security. As Ripple’s court date approaches, the company has decided to go beyond the usual lawyers and brought former SEC chairwoman Mary...
Bitcoin Price Drop From $20,000 Likely Due to Market Manipulation: Traders
How many investors have lost money because of a few who choose to short the market and spread FUD? Since December 17, the bitcoin price has been on a continuous decline, falling from $19,900 to $5,980 at its yearly low. While the bitcoin price has seen two mid-term recoveries and...
Bitcoin Is Not a Security: SEC Chairman
Bitcoin Is Not a Security: SEC Chairman The top securities regulator in the United States says that bitcoin is not a security under federal law. Speaking on Thursday in a hearing before a House Appropriations subcommittee, Securities and Exchange Committee (SEC) Chairman Jay Clayton told lawmakers that cryptocurrencies which function...
SEC: ICO Tokens Should Be Regulated as Securities, Not Bitcoin
SEC: ICO Tokens Should Be Regulated as Securities, Not Bitcoin The role of cryptocurrencies was thrust into the spotlight during a hearing between Congress and the US Securities and Exchange Commission. The US House of Representatives Committee on Appropriations held a hearing with the Wall Street regulator on April 26,...