Ripple’s 100 Million XRP Move Sparks Buzz As US SEC Hints At Filing Appeal
The post Ripple’s 100 Million XRP Move Sparks Buzz As US SEC Hints At Filing Appeal appeared on BitcoinEthereumNews.com.
American blockchain payments company Ripple on Friday moved a whopping 100 million XRP, echoing a frenzy across the broader market. The transaction came in the background of the U.S. SEC hinting that it is ready to file an appeal in the XRP lawsuit ahead. Meanwhile, the approval of the American company’s recent $125 million stay order has brought additional intrigue to the massive transaction. Ripple Transfers 100M Coins, US SEC Readies Appeal? According to Whale Alert data on X dated September 6, 100 million XRP, worth $54 million, was shifted from Ripple to the unknown address rht..Wdc. This transaction caught the eyes of crypto enthusiasts, primarily due to the recent developments within SEC lawsuit. In addition, Whale Alert’s data today spotlighted 31.12 million coins, worth $16.90 million, accumulated from the Orbit exchange by an unknown address, adding to investor speculations. Simultaneously, the renowned whale ..Rzn continued its dumping chronicle to the exchanges Bitstamp and Bitso, collectively offloading nearly 56M coins. Ripple Obtains Stay Order on $125 Million Amid SEC Appeal Odds Judge Analisa Torres and the Securities and Exchange Commission recently agreed on the blockchain firm’s request to put a $125 million settlement on a stay order. While this development sided with the American company, SEC’s agreement on putting the settlement on hold has sparked speculations over the regulatory body’s plans to file an appeal ahead. As the final judgment in the lawsuit mandates the payment of $125 million settlement by the American blockchain payments company, paying it would mean a final conclusion. Nonetheless, as the SEC agrees on the stay order, the crypto community expects an appeal. A recent report by CoinGape Media spotlights that lawyer Fred Rispoli stood strong on rising odds of an appeal from the SEC. Further, even lawyers James Farrel and Marc Fagel were confident…
Filed under: News - @ September 6, 2024 9:26 am