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Also Read: Terra Luna Classic Top Validators Support Crucial Dynamic Minimum Commission Proposal advertisement John Deaton Explains Potential Settlement Terms Responding to a question on what could come between the two parties and a settlement, attorney Deaton said the ongoing Coinbase Vs SEC lawsuit could be crucial to the prospect of Ripple settlement. This is because if the judge in the Coinbase case grants the exchange a motion to dismiss, it would mean that token sales on the exchange does not fall under U.S. securities laws, while the crypto staking part continues to be a part of the litigation. He explained, “The only way Ripple and the SEC (could) settle before the end of the year is if Judge Failla grants the Coinbase motion to dismiss or partially grants it – finding token sales on an exchange in a blind bid/ask transaction do not fall under U.S. securities laws” If the motion to dismiss is granted, the SEC would find it tough ...

Bitcoin’s (BTC) price , was quite bearish today and was still below the $30,000 threshold at $25,955.13,   and down by more than 1% since yesterday. Other well-known altcoins, Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), also experienced losses on the other side of the border. advertisement Ethereum is trading at $1,659.7, with almost 1% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed over 3% dip. Solana also faced a reduction, with its price plummeting by 0.19%. On the other hand, Polygon (MATIC), which traded on green lines a few days back, is down by more than 14% since the last day. On the contrary, the Polkadot coin price saw an increase of almost 2% in its price, in one day.  The realm of meme cryptocurrencies tells a different story. In the past 24 hours,  Dogecoin’s price witnessed an increase of more than 4%, while Shiba Inu’s token price is up...

Also Read: US CPI Data Release: How Will Bitcoin Price React? advertisement Lawyers on both sides of the XRP Vs SEC lawsuit had a busy day on August 9, 2023, with two filings, one each from the agency and the Judge. The onus is now on how Ripple reacts to these developments. Ripple Filing Response Next Week Stuart Alderoty, the Chief Legal Officer at Ripple, clarified on the rights the agency have in terms of appealing the Summary Judgment. He said the agency is only seeking the court’s permission to file an appeal. In response, Ripple will file a letter to the court next week, Alderoty said. Importantly, the US SEC is not seeking to appeal against the decision of XRP being a security, it is rather on its losses on the programmatic and individual sale of the token. “The SEC does not have the “right” to appeal just yet which is why they are asking permission to file an “interlocutory” appeal. Ripple will file its resp...

Also Read: UK and Singapore Unite for Crypto Standards: The Next Big Leap for Digital Asset Regulation? advertisement Meanwhile, the official Twitter handle of one of the top United States based crypto exchange asked the big question in the Crypto Market , about the option to receive payments in Bitcoin . Now imagine the option to receive payouts in Bitcoin . Wen crypto integration? 😉 💜 — Kraken Exchange (@krakenfx) July 28, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] ...

Also Read: Tesla Retains Dogecoin As Payment Option; Removes Bitcoin advertisement Meanwhile, Ripple is moving ahead with its expansion plans in Europe after the historic win in the SEC case. Earlier on Friday, CoinGape reported that the company applied for a crypto asset firm license with the UK’s Financial Conduct Authority (FCA) as well as a payment institution license with Ireland regulators. Will The US SEC Request For Appeal Against XRP Ruling? According to Bill Hughes, a lawyer with crypto wallet MetaMask’s developer ConsenSys, the federal regulatory agency will have to act quickly if they were to stand a chance to appeal against Judge Torres’ decision. Hughes explained that very soon the SEC would have to inform the district court that it wishes to appeal the summary judgment and seek permission to do so. If permitted, the SEC officials could present an argument as to why they need to appeal. Also Read: Binance’s Half-Yea...