Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

XRP, SEC, and disclosures – Here’s what this court’s ruling means

Altszn.com by Altszn.com
June 8, 2024
in Solana
0
XRP, SEC, and disclosures – Here’s what this court’s ruling means
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


  • SEC’s Final Rule regarding disclosure requirements vacated by U.S Court of Appeals for the Fifth Circuit
  • Ripple expects XRP ETF launch and new stablecoin amidst an ongoing legal battle with the SEC

In a recent turn of events, the court has ruled in favor of private fund managers, deciding that the U.S. Securities and Exchange Commission (SEC)’s enhanced regulation for private fund advisers should not be enforced. 

In a recent filing, the SEC adopted a rule to enhance the regulation of private fund advisers to protect investors and prevent fraud. This “Final Rule,” published on August 23, 2023, was set to be codified in the Code of Federal Regulations.

However, it was challenged by several private fund manager associations and ultimately canceled by the United States Court of Appeals for the Fifth Circuit. 

Impact on the crypto market

The “Final Rule” could have had a major impact on the SEC’s ability to enforce disclosure requirements on crypto firms as well.

SEC Chair Gary Gensler, in a recent interview with CNBC, commented on the importance of the disclosure and said,

“What President Roosevelt did is he created this Commission to oversee that you the investors get the disclosure. And in the crypto markets, they are not giving you that disclosure.”

He went on to say,

“But the disclosure doesn’t necessarily protect a bad actor if they are manipulating a market.”

Commenting on the same, expressing his discontentment with the SEC’s attempt to widen its overreach in the crypto market, Stuart Alderoty, Ripple’s CLO, took to X and noted, 

“I am once again asking how many tax dollars have been wasted through failed efforts by Gensler’s SEC to expand its jurisdiction beyond what the law allows?”

Here, it’s worth remembering that this update comes at a time when Ripple is already expecting a court decision in their case against the SEC.

XRP ETF next in line?

Despite the ongoing legal battle between Ripple and the SEC, rumors are circulating about the potential launch of XRP ETFs.

With the SEC approving Bitcoin spot exchange-traded funds (ETFs) and Ethereum ETFs nearing launch too, many believe the SEC might be adopting a more favorable stance towards cryptocurrencies now. 

Echoing similar sentiments, Ripple CTO Brad Garlinghouse recently noted,

“An XRP ETF is just simply inevitable.”

That’s not all either, with Ripple’s President Monica Long claiming that the company’s highly anticipated stablecoin is likely to debut this year too.

Next: Toncoin’s rally to $8 – Here’s what must happen first!



Read More: ambcrypto.com

Tags: CourtsDisclosuresHeresMeansrulingSECSolanaXRP
ADVERTISEMENT

Recent

Crypto AI tokens surge 34%, why ChatGPT is such a kiss-ass: AI Eye

Crypto AI tokens surge 34%, why ChatGPT is such a kiss-ass: AI Eye

May 10, 2025
El Salvador stacks 7 Bitcoin in last week, despite IMF deal

El Salvador stacks 7 Bitcoin in last week, despite IMF deal

May 10, 2025
Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

May 9, 2025

Categories

  • Bitcoin (4,937)
  • Blockchain (11,589)
  • Crypto (9,529)
  • Dark Web (560)
  • DeFi (8,482)
  • Ethereum (5,004)
  • Metaverse (7,731)
  • Monero (302)
  • NFT (1,585)
  • Solana (5,092)
  • Web3 (20,968)
  • Zcash (508)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Crypto AI tokens surge 34%, why ChatGPT is such a kiss-ass: AI Eye

    Crypto AI tokens surge 34%, why ChatGPT is such a kiss-ass: AI Eye

    May 10, 2025
    El Salvador stacks 7 Bitcoin in last week, despite IMF deal

    El Salvador stacks 7 Bitcoin in last week, despite IMF deal

    May 10, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 104,542.00
    • ethereumEthereum (ETH) $ 2,584.66
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.46
    • bnbBNB (BNB) $ 662.14
    • solanaSolana (SOL) $ 177.11
    • usd-coinUSDC (USDC) $ 0.999963
    • dogecoinDogecoin (DOGE) $ 0.247944
    • cardanoCardano (ADA) $ 0.839404
    • tronTRON (TRX) $ 0.265509
    • staked-etherLido Staked Ether (STETH) $ 2,585.45
    • suiSui (SUI) $ 4.08
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,277.00
    • chainlinkChainlink (LINK) $ 17.34
    • avalanche-2Avalanche (AVAX) $ 25.90
    • wrapped-stethWrapped stETH (WSTETH) $ 3,096.77
    • shiba-inuShiba Inu (SHIB) $ 0.000017
    • stellarStellar (XLM) $ 0.319239
    • hedera-hashgraphHedera (HBAR) $ 0.219018
    • hyperliquidHyperliquid (HYPE) $ 26.07
    • the-open-networkToncoin (TON) $ 3.49
    • bitcoin-cashBitcoin Cash (BCH) $ 430.03
    • usdsUSDS (USDS) $ 0.999900
    • polkadotPolkadot (DOT) $ 5.28
    • litecoinLitecoin (LTC) $ 104.95
    • leo-tokenLEO Token (LEO) $ 8.26
    • wethWETH (WETH) $ 2,585.09
    • wrapped-eethWrapped eETH (WEETH) $ 2,755.55
    • moneroMonero (XMR) $ 325.39
    • pepePepe (PEPE) $ 0.000014
    • bitget-tokenBitget Token (BGB) $ 4.97
    • pi-networkPi Network (PI) $ 0.785691
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.997796
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,487.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • uniswapUniswap (UNI) $ 7.43
    • whitebitWhiteBIT Coin (WBT) $ 30.20
    • bittensorBittensor (TAO) $ 464.46
    • nearNEAR Protocol (NEAR) $ 3.34
    • aptosAptos (APT) $ 6.06
    • daiDai (DAI) $ 0.999959
    • ondo-financeOndo (ONDO) $ 1.10
    • aaveAave (AAVE) $ 228.97
    • okbOKB (OKB) $ 55.64
    • ethereum-classicEthereum Classic (ETC) $ 20.71
    • internet-computerInternet Computer (ICP) $ 5.84
    • susdssUSDS (SUSDS) $ 1.05
    • crypto-com-chainCronos (CRO) $ 0.104761
    • official-trumpOfficial Trump (TRUMP) $ 14.83
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 104,542.00
    • ethereumEthereum (ETH) $ 2,584.66
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.46
    • bnbBNB (BNB) $ 662.14
    • solanaSolana (SOL) $ 177.11
    • usd-coinUSDC (USDC) $ 0.999963
    • dogecoinDogecoin (DOGE) $ 0.247944
    • cardanoCardano (ADA) $ 0.839404
    • tronTRON (TRX) $ 0.265509
    • staked-etherLido Staked Ether (STETH) $ 2,585.45
    • suiSui (SUI) $ 4.08
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,277.00
    • chainlinkChainlink (LINK) $ 17.34
    • avalanche-2Avalanche (AVAX) $ 25.90
    • wrapped-stethWrapped stETH (WSTETH) $ 3,096.77
    • shiba-inuShiba Inu (SHIB) $ 0.000017
    • stellarStellar (XLM) $ 0.319239
    • hedera-hashgraphHedera (HBAR) $ 0.219018
    • hyperliquidHyperliquid (HYPE) $ 26.07
    • the-open-networkToncoin (TON) $ 3.49
    • bitcoin-cashBitcoin Cash (BCH) $ 430.03
    • usdsUSDS (USDS) $ 0.999900
    • polkadotPolkadot (DOT) $ 5.28
    • litecoinLitecoin (LTC) $ 104.95
    • leo-tokenLEO Token (LEO) $ 8.26
    • wethWETH (WETH) $ 2,585.09
    • wrapped-eethWrapped eETH (WEETH) $ 2,755.55
    • moneroMonero (XMR) $ 325.39
    • pepePepe (PEPE) $ 0.000014
    • bitget-tokenBitget Token (BGB) $ 4.97
    • pi-networkPi Network (PI) $ 0.785691
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.997796
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,487.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • uniswapUniswap (UNI) $ 7.43
    • whitebitWhiteBIT Coin (WBT) $ 30.20
    • bittensorBittensor (TAO) $ 464.46
    • nearNEAR Protocol (NEAR) $ 3.34
    • aptosAptos (APT) $ 6.06
    • daiDai (DAI) $ 0.999959
    • ondo-financeOndo (ONDO) $ 1.10
    • aaveAave (AAVE) $ 228.97
    • okbOKB (OKB) $ 55.64
    • ethereum-classicEthereum Classic (ETC) $ 20.71
    • internet-computerInternet Computer (ICP) $ 5.84
    • susdssUSDS (SUSDS) $ 1.05
    • crypto-com-chainCronos (CRO) $ 0.104761
    • official-trumpOfficial Trump (TRUMP) $ 14.83
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00