stuart alderoty
Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End
Ripple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.
HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
Ripple’s First Court Date for SEC Lawsuit of XRP Tokens Set for February 2021
The official pre-trial court date for the US Securities and Exchange Commission’s lawsuit against Ripple for the sale of XRP tokens has been set.
Schedule for SEC Case against Ripple Approved by Court, Hearing for SEC Chair Nominee Gary Gensler Set for March
A management plan and a scheduling order for the SEC case against Ripple Labs has officially been approved by the court.
The SEC's Amended Complaint Towards Ripple Accuses Lead Executives of Manipulating XRP Price
The SEC filed an amended complaint towards Ripple, accusing the firm of purposely misleading investors in relation to XRP cryptocurrency.
Crypto Twitter Explodes as US SEC Aims to Sue Ripple For Sale of XRP Token as Securities
The US SEC is suing Ripple for selling its XRP token, meanwhile, Crypto Twitter has erupted with support and criticism of the less than decentralized crypto firm.
Ripple Fires Back at SEC over Its Legal Complaint of XRP as Pretrial Looms
Ripple has fought back against the Securities and Exchange Commission (SEC)’s legal complaint against XRP, hinting that the agency was overreaching.
HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia
HSBC announced its successful execution of a pilot live blockchain letter of credit (LC) transaction in Malaysia on Oct. 14.
Facebook Digital Currency Libra Rebrands Name to Diem Ahead of Its Dollar-Backed Stablecoin Launch
Facebook-backed Libra Association has rebranded its name to the Diem Association ahead of the proposed launch of its dollar-backed stablecoin.
Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants
Power Ledger, a Perth-based energy trading software company, and Powerclub, an Australian electricity wholesaler, have signed a deal to offer households unparalleled authority over their energy usage via a blockchain-based virtual power plant.
Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia
Powerledger enters into a partnership with Powerclub, an Australian electricity wholesaler for better energy usage, allowing the integration of power club's blockchain ledger application.
Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).
Bitfinex and Tether Claim Lawsuit Allegations of Market Manipulation are Baseless
BitFinex and Tether have officially spoken out against what they are describing as a baseless lawsuit, designed to undermine the cryptocurrency ecosystem.