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As 2024 winds down, the long-standing legal battle between blockchain company Ripple and the Securities and Exchange Commission (SEC) is still hanging in the balance. However, there are signs that a resolution might be on the horizon. The case is at a critical point, with key deadlines looming. Specifically, the U.S. Court of Appeals for the Second Circuit set January 15, 2025, as the date for the SEC to submit its opening brief in the Ripple appeal. This filing is pivotal, as it will outline the SEC’s legal arguments.  #XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit Court of Appeals has entered an Order that the @SECGov’s brief must be filed on or before January 15, 2025. pic.twitter.com/E3TE5tBDAy — James K. Filan (@FilanLaw) November 1, 2024 Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, has clarified that the appeal isn’t about whether XRP itself is a security. Notably, back in 2023, Judge Analisa Torres ruled th...

After Ripple made a transfer of 150 million XRP to an unknown wallet, the price of the cryptocurrency involved has soared over 12%, and rumors have surfaced that the blockchain company could be nearing its settlement of the case with the United States Securities and Exchange Commission (SEC). Indeed, the Ripple team has transferred 150 million XRP to an unknown crypto wallet, which some have suggested might have to do with the upcoming SEC meeting at the Commission’s headquarters in Washington DC on July 18, which will discuss settlements and litigation resolutions. XRP VS SEC settlement. Keep your eyes on July 18th, 2024. pic.twitter.com/9lwbbj4wMa — Elon Musk ( Parody ) (@argosaki) July 14, 2024 As a result of these rumors and due to the hopes of the crypto community that the settlement in the long-running courtroom standoff concerning the sales of XRP to institutional buyers might be near, the price of XRP has increased nearly 40% on its weekly chart, a...

JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk. JPMorgan (JPM) has hailed Binance’s recent settlement with the U.S. Department of Justice (DOJ) as a ‘positive step’ for the crypto sector. Analysts at the firm believe it will be a beneficial step for both Binance and the wider crypto currency market, as revealed to the Block.  The resolution of these legal issues is seen as particularly advantageous for Binance’s operations and its BNB Smart Chain business. JPMorgan’s analysts emphasize that the settlement brings much-needed clarity, reducing uncertainty surrounding Binance, and that it is not only a relief for the exchange itself but also for the broader crypto market.  JPM analysts point out that resolving these legal challenges removes what was perceived as a looming systemic risk. The fear was that issues with Binance could lead to broader market instability, especially in the event of a po...