Connect with us

Blockchain

Metaverse platforms refute “misinformation” about daily active users

Avatar

Published

on

User data from DappRadar consists of metaverse users who have also made an in-game purchase using the original project token, but the Decentraland and Sandbox projects do not meet these criteria.

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Blockchain

Ripple is filing a final submission against the SEC as the landmark case draws to a close

Avatar

Published

on

The most talked about crypto case involving the US Securities and Exchange Commission (SEC) and Ripple is coming to an end after a two-year battle.

On Dec. 2, the SEC and Ripple both filed redacted responses to each other’s opposition to motions for summary rulings.

Ripple argued in his move document that the SEC had failed to prove that its offering of XRP between 2013 and 2020 was an offer or sale of an “investment contract” and therefore a security under federal security laws.

Advertisement

Ripple concluded the document by saying that “the court should grant the defendant’s request and should reject the SEC motion.”

This is Ripple’s “final submission,” Ripple General Counsel Stuart Alderotti said on Twitter on Dec. 3, asking the court to “make” a ruling in its favor.

He also stated that Ripple is proud of the defense it filed “on behalf of the entire cryptocurrency industry,” noting that Ripple “always played it straight with the court,” and took a subtle swing at the SEC saying that “the same cannot be said for our opponent.”

In another Twitter post, Alderoty continued to criticize the SEC on Dec. 5, referring to it as a “reversion regulator,” citing two statements suggesting they are on ends with each other.

Ongoing legal dispute Between the SEC and Ripple It began in December 2020 when the Securities and Exchange Commission initiated legal action against Ripple claiming that it raised $1.3 billion by offering Ripple’s native cryptocurrency XRP as an unregistered security.

Related: Investors are increasingly confident in Ripple’s victory over the SEC: CoinShares

Earlier November 30 on Twitter threadThere are only three cases left to be resolved in SEC vs Ripple, former federal prosecutor James Phelan said.

Advertisement

This includes summary motions for judgment, expert challenges, and seal issues related to the Expert Reports, Hinman documents, and other materials on which the SEC and Ripple have relied in their motions.

Hinman documents refer to the speech given by William Hinman at the Yahoo Finance All Markets Summit in June 2018, where He stated that ether (ETH) was not a security.

Phelan believes that Justice Torres will not handle the three big cases “separately,” and instead will decide “everything together, and once she rules on the motions for summary judgment, a ‘big written judgment’ will be rendered — likely” on or before March 31. ) 2023.”