(Bloomberg) -- The Securities and Exchange Commission asked a federal judge for permission to appeal her ruling that Ripple Labs’ XRP token is not a security when sold to the general public, arguing that the decision could affect other cases involving cryptocurrencies.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateUS Equities Remain in Retreat as Bonds Rebound: Markets WrapChina’s Hidden Financi
Going on a boating trip soon? Here are some hilarious scenarios you may encounterSTORY: Chinese developer Evergrande has filed for bankruptcy protection in a U.S. court.The property giant made the move in one of the world's biggest debt restructuring exercises. The firm's problems add to growing investor worries about China's property debt crisis and its overall economy.Evergrande was once China's top-selling developer but is now the world's most indebted property company.
It will meet with its creditors later this month to discuss its restructuring proposal.A number of Chinese property developers have defaulted on their offshore debt obligations.Leaving in its wake unfinished homes, plunging sales and battered investor confidence.The property sector makes up about a quarter of the economy.The crisis has led to a contagion risk, which could further hurt a Chinese economy already weakened by slower growth.
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SEC can appeal summary judgment on XRP in Ripple case, court rules(Kitco News) - The U.S. Securities and Exchange Commission (SEC) can file an interlocutory appeal in its case against Ripple Labs, opening the door to the possibility that the recent ruling that XRP is not a security could eventually be overturned.
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Ripple vs SEC: The Court allows the SEC to file its motion but…On 17 August, the Court approved the SEC's request to file for an Interlocutory Appeal. However, there's more to the latest decision made by the Court.
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Ripple vs SEC: Ripple files opposition motion. What happens next?Last week the SEC filed for a request to file the Interlocutory Appeal. As of 16 August, Ripple responded to the same.
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Solana eclipses XRP & DOGE in this metric, but it’s not all good newsBeneath this remarkable feat, SOL has faced its fair share of challenges, as its price experienced a recent downturn.
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XRP drops to 2022 support: When will bulls see respite?XRP's pullback hit a crucial support zone established in 2022, and could inflict a reversal. But a weak BTC could complicate matters for bulls.
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Valkyrie charts new territory, files for Ethereum futures ETF with SECValkyrie seeks SEC approval for an Ether futures exchange-traded fund (ETF), expanding investment options beyond Bitcoin futures.
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