ARIA | News

SEC vs Ripple Update: Critical Developments in the Landmark Crypto Case

by aria-crypto.com

January 5, 2025 at 16:10

SEC vs Ripple Update: Critical Developments in the Landmark Crypto Case

John Deaton, a pro-XRP lawyer, has committed to leading an unpaid investigation into "Operation Choke Point 2.0," targeting alleged unfair restrictions on crypto firms by traditional banks. He highlights the significance of this move amidst the ongoing Ripple case against the SEC, which he considers one of the most critical non-fraud enforcement actions by the SEC. The case recently saw Coinbase gain access to crucial FDIC documents, potentially revealing more about federal involvement.

Deaton, who recently contested Senator Elizabeth Warren in the Massachusetts Senate race, emphasizes that the implications of Choke Point 2.0 extend beyond crypto, threatening innovation and economic freedom by enabling unchecked bureaucratic power. As the U.S. anticipates new leadership under President-elect Trump, the crypto community is hopeful for regulatory easements. Meanwhile, in related news, the price of Ripple's XRP is showing signs of recovery, aligning with a surge in international adoption and positive market sentiments.

This landscape is pivotal not only for Ripple and its investors but for the broader implications it holds for the cryptocurrency industry's interaction with governmental bodies and regulatory frameworks.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

>> South Korea's Lotte Group Boosts Tech With Largest Arbitrum Grant for Metaverse Development

Arbitrum, a leading layer-2 network on the Ethereum blockchain, has awarded its largest developer grant to the South Korean conglomerate Lotte Group. This major partnership focuses on integrating blockchain tec...

15 minutes ago

>> EU Crypto Market Gets a Boost: Backpack Exchange Acquires FTX EU Amidst Soaring Bitcoin and Ethereum ETF Inflows

Backpack Exchange, a budding platform created by former FTX employees, has successfully acquired FTX EU, hinting at a promising expansion in the European regulated crypto space. This acquisition leverages the f...

an hour ago

>> CFTC and SEC Transition: What It Means for Bitcoin and Crypto Regulation

As the United States prepares for presidential change, notable shifts are occurring within key financial regulatory bodies, notably the Securities and Exchange Commission (SEC) and the Commodity Futures Trading...

4 hours ago

>> US Crypto Oversight Enhancements Urged by Regulator Amidst Growing Market

The outgoing chair of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has expressed serious concerns about the oversight of the cryptocurrency market in the United States. In his parting stateme...

4 hours ago

>> US Bitcoin Enthusiasm Surges as Coinbase Premium Turns Positive

Coinbase's premium index switched to positive, highlighting a renewed interest in Bitcoin among US investors for the first time since mid-December 2024. This shift is linked to the approval of US-based spot bit...

5 hours ago

>> Ripple IPO Prospects Strengthen as SEC Reevaluates Stance Under New Leadership

Ripple CEO Brad Garlinghouse has expressed optimism for an IPO by 2026, fueled by potential changes in SEC leadership. Legal expert John Deaton predicts that the SEC might drop its appeal against Ripple, influe...

5 hours ago

>> Grayscale Elevates XRP's Role in Crypto, Spotlighting Its Broad Utility and Investment Potential

In a notable move within the cryptocurrency sector, Grayscale has enhanced XRP’s standing by adding it to three specialized lists, underscoring its viability as a store of value, medium of exchange, and instrum...

7 hours ago

>> EU Crypto Market Strengthened by HashKey's New License and Backpack Exchange’s Acquisition

HashKey Group, a leading digital asset service in Asia, has successfully entered the European market by acquiring a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. This milestone...

8 hours ago

>> Hong Kong's HashKey Gains Ground with New Crypto License in Ireland

Hong Kong-based HashKey Group has expanded its footprint by securing a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. This significant development was announced on January 7, 20...

9 hours ago

>> VeChain's Strategic Moves with Walmart and BMW Propel Market Adoption in 2025

VeChain is set to revolutionize its blockchain platform in 2025, leveraging key partnerships with global giants like Walmart and BMW to enhance blockchain adoption. According to VeChain CEO Sunny Lu, the introd...

10 hours ago

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal