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Fox Journalist Calls to Investigate SEC Amid XRP Lawsuit

Fox Journalist Eleanor Terrett said there are conflicts of interest in the SEC over the XRP lawsuit. Source of Terrett said Bill Hinman pushed the case, despite the SEC and Ripple being willing to settle. Atty. John Deaton was positive that they’ll get an investigation after midterms. The SEC vs Ripple’s XRP lawsuit once again built a commotion on Twitter, as Journalist Eleanor Terrett of Fox Business said there are “definite conflicts of interest” and a need to put an investigation over SEC members then and now. The commotion began after Bill Hinman, former director of the SEC’s Division of

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I-Remit-Advances-Its-Use-of-Ripple’s-ODL
I-Remit Advances Its Use of Ripple’s ODL

I-Remit is a Philippines-based non-bank remittance service provider. I-Remit is among the early adopters of ODL. Internal treasury payments earlier face the same challenge as cross-border settlements. In order to improve its cross-border treasury flow, I-Remit, a non-bank supplier of remittance services with headquarters in the Philippines, has stated that it has increased its usage of Ripple’s On-Demand Liquidity (ODL) product. I-Remit is one of ODL’s early users and has been utilizing the payment system to send money across borders in real-time to the Philippines since 2018, according to a recent release by Ripple. I-Remit will this time enhance its

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XRP-Halts-Recovery-Ahead-of-Ripple-June-7-Hearing
XRP Booms as Ripple Execs Request to Expedite Case

XRP is booming despite most leading altcoins struggling to reestablish key support levels. At the time of writing, XRP price has gained 11.7% in the last 24 hours. The XRP surge is in sync with Ripple executives filing a motion to expedite the case. The price of XRP has been on a continuous climb in the last two days despite the greater crypto market having a tough time in reestablishing key support levels. In fact, in the last 7 days, only XRP gained in price among the top 20 cryptocurrencies. At the time of writing, XRP is changing hands at

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The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney representing over 67,000 XRP holders affected by the SEC vs Ripple lawsuit, showed his appreciation with the two judges handling the lawsuit by saying they have been fair and neutral. https://twitter.com/JohnEDeaton1/status/1552057199278555137?t=WHb6sVj7jxWvTPI1-aAQOw&s=19 A day before SEC filed the motion denied, the defendants of Ripple filed a request letter to participate in the expert challenge, a report available to judges and experts to track legal challenges to an expert’s testimony. According to the document signed by Judge Torres, amici can’t participate in expert challenges now. However, they could file an application to brief concerns with the SEC's expert at summary judgement. The SEC filed a lawsuit in late 2019 against Ripple, a blockchain-based payment protocol that processes international money transfers. According to the lawsuit, Ripple conducted an unregistered securities offering through sales of XRP. However, Ripple showed pieces of evidence that the crypto regulation from the SEC was inconsistent. At the present time, the Ripple lawsuit was still ongoing. John Deaton said without settlement, the best case scenario for a ruling is in late August and worst case is in December.
Judge Reject SEC Motion to Revoke Amici Status and Bar John Deaton

The SEC asked Judge Torres to revoke XRP Holder’s amici status last week. In addition, the SEC wants to bar John Deaton from further proceedings. Judge Torres denied the motion of SEC earlier today. The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney

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FOMO-Pay-to-Utilize-Ripple’s-On-Demand-Liquidity
FOMO Pay to Utilize Ripple’s On-Demand Liquidity

Ripple has announced a collaboration with FOMO pay. The collaboration is part of the company’s strategy to expand its reach in Southeast Asia. FOMO Pay’s treasury managers had to use other modes of payment in EUR and USD. Ripple has announced a collaboration with Singapore-based major payments institution FOMO Pay to use Ripple’s crypto-enabled business technology to improve its cross-border treasury flows. FOMO Pay is a Singapore-based payments institution that enables seamless cross-border treasury flows for its clients. It uses On-demand liquidity (ODL) to streamline these flows, improving efficiency and reducing costs. This partnership is a great example of how

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McCaleb-Empties-XRP-Wallet-After-8-Years-Selling-off
McCaleb Empties XRP Wallet After 8 Years Selling off

After many months of waiting, Jed McCaleb finally emptied out the XRP wallet.  The wallet contains a total of 18.6% of XRP’s circulating supply  The price of XRP temporarily halted its recovery ahead of the Ripple June 7 hearing. According to blockchain researcher XRP Scan, Jed McCaleb emptied his last XRP wallet on May 19. The former Ripple CTO and co-founder had been gradually selling off his 9 billion XRP since 2014. At current prices, that would be worth over $2.6 billion. This sell-off had been a cause of concern for the XRP community. Many worried that it would put

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