Ukraine Incarcerates Illegal Bitcoin Miners at Power Plant

1小时前
coinidol

Circle CEO: China’s Digital Currency Could ‘Bypass’ Western Bank System

1小时前
coindesk

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

1小时前
coindesk

Cardano Shill Shows Why You Shouldn’t Use Twitter for Crypto Trading Advice

1小时前
beincrypto

Ex-Morgan Stanley Exec Joins His Former Colleagues at Shenzhen Crypto Firm

2小时前
cointelegraph

Disney Plus’ Star Wars TV Slate Should Leave Netflix Terrified

2小时前
cryptonewmedia

TradeSanta : Enhancement the Automatic Trading in Cryptocurrencies

2小时前
coinidol

XRP worth over $150 million moved between wallets as whales continue to wake up from dormancy

2小时前
ambcrypto

What’s Yet To Come For Bitcoin Before 2020 Part 2

2小时前
cryptodaily

Facebook’s Libra Coin Is Threatened By Lack Of Regulation – Supporters Reportedly Back Off

2小时前
oracletimes

Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further...

2小时前
newsbtc

深度丨为何今年主流山寨币普涨 唯独瑞波币不涨?

2小时前
jinse

The Nasdaq Remains Relatively Strong From A Technical Perspective

2小时前
bitcoinwarrior

Libra’s Backers Are Now Backing Out, What Next? |

3小时前
cryptonewmedia

Can Blockchain Become an Integral Part of Autonomous Vehicles?

3小时前
cointelegraph

Bitcoin Milestone: 100,000 Merchants and Organizations Now Accept Bitcoin, Says Grayscale

3小时前
dailyhodl

Digitex Announces Testnet Launch Date

3小时前
cryptodaily

Cryptocurrencies Could Mean Early Harvest for Unbanked Farmers

3小时前
bitcoinnews

Is Bitcoin’s Lightning Network Secure Enough to Use?

3小时前
bitsonline

Another Top 100 Coin Gets Pumped rChain; Up 95%

3小时前
coingape

Bitcoin Price Fumbles Under $10,000 as Traders Fear $8K Target

3小时前
cryptonewmedia

How to Identify Whether a Cloud Mining Platform is a Scam?

3小时前
coinidol

tZERO Opened Its Doors to Non-Accredited Investors, but Their Options Are Still Limited

4小时前
cryptoglobe

Harmony Partners with Everstake Expanding Staking as a Service to Institutional Investors

4小时前
coinspeaker

Ripple, Moneygram Had An Impact On The XRP Token But No One Noticed

4小时前
zycrypto


Disgruntled Investor Appeals to U.S. SEC Guidelines in Class Action Suit Against Ripple

cointelegraph

11天前前
news.similarNews
cointelegraph

XRP investor Bradley Sostack has amended a class action suit against Ripple, in which he alleges that the company misled investors and proceeded to sell XRP as an unregistered security, in violation of federal law.

Sostack submitted his latest filing on Aug. 5 to a United States district court in California. According to a report by CoinDesk on Aug. 13, the original class action suit was filed about a year ago, but had yet to gain traction as a class action suit. However, Ripple now must reportedly respond to this latest action by some time in mid-September.

Crucially, the report notes that Sostack’s latest complaint cites guidance issued by the United States Securities and Exchange Commission arguing that XRP counts as a security. Jake Chervinsky, who serves as general counsel to Compound, remarked:

“The Complaint reads like a love letter to the SEC [...] Although the SEC’s Framework is technically only non-binding guidance, the Court will likely give it significant weight in deciding how to apply the Howey test to the facts of this case.”

In the filing itself, the plaintiff’s counsel wrote:

“As explained in more detail below, applying the analysis in the SEC Framework and applicable precedent, the XRP tokens offered and sold by Defendants have all the traditional hallmarks of a security, as reflected in SEC v. W.J. Howey Co., 328 U.S. 293 (1946) (‘Howey’), and subsequent case law. XRP tokens also qualify as a security under California law.”

After laying out their substantive allegations and recalling the SEC guidance which references the foregoing Howey case, the counsel concludes the following:

“The SEC Framework makes clear that ‘[w]hether a particular digital asset at the time of its offer or sale satisfies the Howey test depends on the specific facts and circumstances.’ The specific facts and circumstances relating to XRP support the conclusion that XRP is a security under the Howey test.”

As previously reported by Cointelegraph, the SEC recently moved to postpone its decisions on three Bitcoin (BTC) exchange-traded fund (ETF) proposals. The SEC is currently considering whether to accept proposed rule changes submitted by NYSE Arca and Cboe BZX Exchange on behalf of three Bitcoin ETFs, from asset managers VanEck SolidX, Bitwise Asset Management and Wilshire Phoenix.

The SEC has postponed its decision on VanEck’s listing to Oct. 18, Bitwise’s listing to Oct. 13, and Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust to Sept. 29. Attorney Chervinsky, for his part, forecast a 90% chance of postponement prior to the SEC’s announcements.

若涉及版权问题,请联系:content@hashbee.com,我们将立刻撤下新闻内容

0个评论