Press Release Today TheBitTimes.com

HSBC has partnered with Ripple-owned tech firm, Metaco, to allow institutional investors hold tokenized securities on its new custody platform. HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8. The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering for tokenized physical gold, launch ed on Nov. 1, 2023. Together, the services form a complete digital asset offering for HSBC’s institutional clients, the firm said. Major global banking company HSBC is planning to launch an institutional custody platform for tokenized securities, also known as security tokens. This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/hsbc-taps-ripple-s-metaco-to-launch-security-token-custody-...

Deaton strongly refuted the idea that the lawsuit’s result was an even 50-50 outcome for the SEC, asserting that it leaned closer to a 90-10 advantage in favor of Ripple. Prominent cryptocurrency attorney John E. Deaton has offered insights into the Ripple Labs XRP lawsuit against the Securities and Exchange Commission (SEC). He contends that a settlement valued at $20 million or less would constitute a significant legal triumph for the company. In a recent X social media post, Deaton strongly refuted the idea that the lawsuit’s result was an even 50-50 outcome for the SEC, asserting that it leaned closer to a 90-10 advantage in favor of Ripple. Deaton’s remarks were prompted by a post from Stuart Alderoty, Ripple’s Chief Legal Officer, highlighting another legal setback for the SEC. Deaton’s viewpoint resonates with the sentiment in the cryptocurrency community, which generally views the suggested $20 million settlement as a positive resolution for Ripple. This assessment considers...

Also Read: Crypto Exchange Gemini Teases Hint Of XRP Relisting Soon advertisement Earlier, CoinGape reported that the SEC should be acting fast if it were to go for an appeal of the Summary Judgment. It remains to be seen how long the court takes to decide whether or not to accept the agency’s appeal. US SEC Seeking To Review XRP Ruling In the context of Terraform Labs cofounder Do Kwon trying to use the XRP ruling as a precedent in his ongoing lawsuit that involved fraud allegations. Kwon cited Judge Torres’ ruling that the sale of XRP is not a security to prevent the agency from charging him. In response, the US SEC had on Friday filed a pleading in the Terraform Labs case saying the court should not consider the Ripple judgment as the SEC is seeking to review it. “Respectfully, those portions of Ripple were wrongfully decided, and this court should not follow them. SEC staff is considering the various available avenues for furthe...

The Ripple Vs SEC lawsuit came to a partial end last when the judge declared that XRP is not a security. The move was a win for the cryptocurrency industry and it kept the SEC’s intrusive nature in check. XRP jumped nearly 75% after the judgment going from a low of $0.46 to a high of $0.81. Also Read: Ripple XRP Claims Top Spot, Outshines Bitcoin in Trading Activity XRP/USD Chart by TradingView All eyes are on XRP as investors believe it could spike further as it no longer remains under the purview of the SEC. XRP broke away from the shackles of the lawsuit and it is now free to move up in the charts. Ripple: XRP Could Climb Above $6 This Year, Predicts Analyst Source – CryptoSlate Leading cryptocurrency analyst and YouTuber CoinsKid predicted that XRP could reach $6 by the end of 2023. The YouTuber explained the technical Analysis behind his prediction comparing the current situation to that in 2020. CoinsKid noted that XRP is making an ascending triang...

I understand Marc’s comment that secondary sales are an open legal question and whether a Howey analysis must be applied to secondary market transactions. But when you look at the existing case law in totality it strongly favors that you must apply Howey at each subsequent sale. https://t.co/bc2WaeGTjM advertisement — John E Deaton (@JohnEDeaton1) June 19, 2023 “If you don’t apply Howey at the time of each transaction and XRP is a SEC urity per se b/c Ripple sold to a guy named Johnny Crypto then, in effect, Johnny Crypto, his employee, the employee’s friend, Jeremy Hogan, Uphold, and TapJets are all in a common enterprise w/ Ripple ,” Deaton said referring to all the entities involved in the progression. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Also Read: Hinman Emails Depicts SEC Fovoured Ethereum Over Other Cryptos advertisement Ripple CTO Performs Autopsy Of Hinman Speech Former U.S. Securities and Exchange Commission Director, Bill Hinman gave a disputed speech related to crypto asset securities. He declared that a token is not a security once it becomes “sufficiently decentralized”. However, it’s been 5 years and 7 court orders since Hinman delivered the controversial speech. Stuart Alderoty, Ripple Chief Legal Officer stated that emails and drafts of the speech depict that Hinman ignored multiple warnings given by the internal staff. He added that the former executive’s speech contained made up Analysis with no basis in law, breached by the Howey Factors and exposed regulatory gaps. He added that Hinman’s speech created not just confusion but greater confusion in the market. However, the former SEC director claimed that the speech was his personal view, while the ...

Also Read: Ripple Moving Out Of U.S. After Coinbase CEO Drops Hint? advertisement XRP Holder Going Against Ripple? XRP Holders Claiming XRP to be a security and Ripple lawyers are gearing up for the vital court hearing scheduled on April 26, 2023. As per the details, the court hearing is set for oral arguments around the question of certifying the class of XRP holders who sued Ripple . It is mentioned that Bradley Sostak, a plaintiff in the case who owned an XRP token for around two weeks is asking to be the lead plaintiff in the class. Moreover, he is asking to represent all the XRP holders who either owned it and sold it at a loss or own it today. Read More XRP News Here… The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Trending Stories ETH Price Prediction: New Recovery Cycle in Ethereum Price Hi...