Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Whales Accumulate XRP as Optimism Prevails Over SEC Lawsuit Outcome

Whales Accumulate XRP as Optimism Prevails Over SEC Lawsuit Outcome

Kelly Cromley by Kelly Cromley
Dec 14, 2022
in Market News, News
Reading Time: 2 mins read
0

Whale addresses on the $XRP Ledger, owning between 100,000 and 10,000,000 crypto tokens (from $39,000 to $3.9 million), have dramatically expanded their holdings during the past five weeks, from 16.7% to 18.0% of the cryptocurrency’s circulation. As per on-chain consulting firm Santiment, XRP whales began to increase their holdings at the close of September and the beginning of October, when the value of the cryptocurrency began to surge as the U.S. Securities and Exchange Commission (SEC) and Ripple Labs sought to finish their litigation.

In 2020, the SEC filed a lawsuit against Ripple and two of its officials, claiming that they marketed unregistered securities by issuing $1.3 billion worth of XRP coins. Ripple disputes that XRP is an asset. The CEO of Ripple, Brad Garlinghouse, said earlier in 2022 that he expected the business will triumph in its legal fight with the government. A slew of major cryptocurrency companies, such as Coinbase and the Blockchain Association, have filed to endorse Ripple in recent weeks.

In the latest comment in favor of a move for summary judgment, Ripple’s attorneys said that the sec has not demonstrated that any solicitation or sale of XRP represented an agreement for investment within federal securities regulations. Ripple’s attorneys said that, even for trades “including the transfer of funds,” the SEC lacked to “prove that buyers committed that funds in a joint venture” as the Howey test required.

Analysts predict that an increase in XRP investors’ holdings might presage a substantial run-up in the value of the cryptocurrency as a greater chunk of its liquidity exits the marketplace and as the SEC’s lawsuit concludes. As stated by CryptoGlobe, cryptocurrency financial products giving access to XRP have experienced considerable inflows as investors witness the SEC’s lawsuit against Ripple as “increasingly volatile.”

Ripple’s settlement of the litigation might result in a liquidity crisis for XRP, which would likely result in a price increase since demand would stay constant while supply plummeted. As per XRP enthusiast and legal expert Jeremy Hogan, who has been monitoring the issue, this is a fact. Hogan has lately chimed in on a judgment in support of the SEC by a United States District Court against the blockchain-powered file-distribution network LBRY.

The court ruled that LBRY breached securities regulations by offering its native LBC coins without filing with the Securities and Exchange Commission. According to Hogan, the findings may be included in the SEC’s official filing in the Ripple lawsuit.

Previous Post

ConsenSys Unveils zkEVM Private Beta Testnet

Next Post

Binance Records $3bln+ in Outflows in 24hrs Despite Publishing Proof of Reserves

Related Posts

caffeine ai internet computer

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
0

Caffeine, an innovative platform built on the Internet Computer (ICP) blockchain, is reshaping the landscape of decentralized application (dApp) development...

mint

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
0

Serial entrepreneur and global strategist Zak Manhire has unveiled Mint.io, a Web3 gaming platform that aims to steer the industry...

dcs card centre

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
0

DCS Card Centre, long known for its association with the Diners Club brand, is undergoing a substantial transformation in its...

AGII

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
0

AGII, a platform specializing in AI-driven Web3 infrastructure, has introduced a new suite of lightweight modules designed to elevate the...

metabora partners with line next

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025
0

METABORA, an established global player in casual game development and blockchain-based project operations, has formed a strategic alliance with LINE...

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Next Post
Binance Records $3bln+ in Outflows in 24hrs Despite Publishing Proof of Reserves

Binance Records $3bln+ in Outflows in 24hrs Despite Publishing Proof of Reserves

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

caffeine ai internet computer
Market News

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
mint
Market News

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
dcs card centre
Market News

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
AGII
Market News

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
metabora partners with line next
Market News

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree