The US SEC wants Ripple executives to provide personal bank statements as part of the ongoing investigation into a possible XRP sales securities violation.
Ripple has ended its lawsuit against YouTube for the social media platform’s alleged complicity in a spate of fake XRP giveaway scams.
While Ripple has officially terminated its partnership agreement with MoneyGram, both firms have expressed they are open to resuming collaboration in the future.
Ripple CEO Brad Garlinghouse announced his intention to file a motion to dismiss the US SEC's allegations due to abuse of power.
Ripple partner MoneyGram is facing a lawsuit alleging the firm issued misleading statements and failed to disclose XRP's status as an unlicensed security.
MoneyGram has suspended trading on Ripple's platform due to the uncertainty concerning their ongoing litigation with the SEC.
During the preliminary hearings in the SEC vs. Ripple case, lawyers of the fintech startup said the Commission should have warned that XRP is a security.
Today, the first SEC vs. Ripple court hearing will take place in New York. Ripple is accused of illegally selling unregistered XRP securities.
The US SEC has alleged that Ripple Labs executives manipulated the XRP price by ramping up or slowing down their coin sales.
Ripple's XRP price rose 45% over the weekend to $0.6338, due to the coordinated actions of cryptocurrency traders in Telegram groups.