SEC Chair Paul Atkins fielded questions from lawmakers about President Trump-linked memecoin and connections to Justin Sun.
The SEC pushed back its deadline on whether to move forward with two proposed Solana exchange-traded funds and asked for public comment.
The hack in January 2024 briefly sent bitcoin’s price surging $1,000 before crashing back down minutes later.
Ripple’s bid to wrap up its long‑running fight with the US Securities and Exchange Commission hit a snag on May 15. A federal judge in New York tossed out the deal because it was filed the wrong way. This hiccup doesn’t change past rulings, but it does force both sides back to the drawing board. Related Reading: Ticking Clock To $200K: Bitwise CIO Predicts Bitcoin’s Price Explosion Court Blocks Settlement Motion According to court papers, Judge Analisa Torres ruled that Ripple and the SEC used the wrong rule to ask for a change. They tried to dissolve an injunction and chop a $125 million fine down to $50 million. But under Rule 60, you need to prove “exceptional circumstances” when you’re asking to revisit a final order. Without that proof, the judge said the motion was “procedurally improper” and tossed it. Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https://t.co/vBQdBD3FNe — Stuart Alderoty (@s_alderoty) May 15, 2025 Source: US District Court Southern District NY/SEC. Parties Must Refile Under Rule 60 Based on reports from attorney James Filan on X, Ripple and the SEC agreed on the deal back on May 8. They even filed papers together. Yet, they skipped the part about showing why they should get a do‑over. Now, both sides have to write up a new motion. Fred Rispoli, another lawyer, said they’ll have to “do it the hard, messy way” by following the rule book. That means spelling out why a final court decision needs a second look. Market Reacts With Price Drop When word got out, XRP took a hit. The price slid about 2.5% in a single day. Open interest also fell by 9% to $4.90 billion, according to CoinGlass data. Long positions worth over $21 million were wiped out as traders scrambled to cut losses. Short‑term traders are watching a key support level at $2.35. If that line holds, we might see a bounce. If it breaks, prices could dip even further. XRP price down in the last 24 hours. Source: Coingecko Legal Wins Remain Intact Ripple’s chief legal officer, Stuart Alderoty, reminded everyone that past victories are safe. In 2023, a judge ruled that XRP wasn’t a security in programmatic sales. Institutional sales still count as securities, but retail sales were cleared. Alderoty said on X that this recent setback is just about “procedural concerns with the dismissal of Ripple’s cross‑appeal.” He made it clear that nothing in that ruling takes away what Ripple already won. Related Reading: Dogecoin’s $1 Dream: Analyst Reveals When It Could Finally Happen Next Steps For Ripple And SEC Now, both sides face a longer road ahead. They’ll need to gather evidence for a new Rule 60 motion. That could push any final settlement into late summer or beyond. Until then, traders will keep their eyes on court calendars and price charts. Featured image from Bankless Times, chart from TradingView
The man behind the hacking of the SEC's social media account that posted a fake announcement about spot bitcoin ETFs was sentenced on Friday.
Judge Analisa Torres rejected the proposed $50 million settlement, saying the joint request was filed improperly and lacked required legal justification.
Coinbase shares dropped 7% after disclosing a cyberattack and a resurfaced SEC probe on old user metrics.
The US Securities and Exchange Commission (SEC) has issued fresh guidance that could facilitate broader institutional use of digital assets. In a May 15 updated FAQ, the agency addressed how existing securities laws apply to broker-dealers and transfer agents involved in crypto services. Commenting on the development, SEC Commissioner Hester Peirce noted that the guidance […]
The post Chainlink praises SEC’s guidelines, setting stage for crypto integration in institutional finance appeared first on CryptoSlate.
Mubadala Investment Company added an extra 491,439 shares in BlackRock's IBIT Bitcoin ETF in Q1, currently worth $28.8 million.
The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
In a 2023 securities filing, Coinbase said it would begin disclosing “monthly transacting users” rather than the “verified users” statistic.
XRP has pushed past $2.60 again this week, marking its second break above that level in just a few days. The token is up 17% over the last seven days as traders set their sights on the $3 mark. Related Reading: XRP Frenzy Builds: Over $1 Billion in Open Interest Signals Breakout Tension Based on reports from well‑known trader CryptoWZRD, a fresh all‑time high could be around the corner. But what stands behind these bullish calls, and how realistic are they? Historical Patterns Point Higher According To CryptoWZRD, XRP’s climb follows a familiar script. He highlights two long phases of calm price action—in 2014–2017 and again since 2018—that were each followed by big rallies. After holding as low as $1.60 in the recent downturn, XRP is now up 60% from that trough to return to $2.47, when this article was made. His chart suggests that this leg could carry XRP past the $5.00 mark. If that plays out, the token would more than double from today’s levels. ???? THE ONLY WAY IS UP ???? Grinding higher.. ⚠️ $XRP held its ground but not only that has reversed, stop fighting it.. a new all time high is inevitable ???? Patience Pays.. pic.twitter.com/ebqPJmDiso — CRYPTOWZRD (@cryptoWZRD_) May 12, 2025 Market Cap Could Eclipse Ethereum Based on the analyst’s math, a $5.90 XRP would push its market cap above $345 billion. That sits just above Ethereum’s current $317 billion valuation. Flipping ETH might feel bold, but it’s worth noting that ETH bulls have piled back in. Ethereum jumped 30% over the past week—nearly twice XRP’s gain. So even if XRP finds room to run, it may face stiff competition on overall market share. Wider Community Weighs In Other analysts compared today’s roughly 5% market dominance to the 30% seen in early 2018, when XRP reached $3.84. They think a return to that share could drive the price past $10 this year. Related Reading: Avalanche Rumbles 21% Amid Record-Breaking Address Activity Bull Case Versus Bigger Risks Not Everyone is convinced that numbers tell the full story, though. Legal headwinds in the US still hang over XRP after its lawsuit with the SEC, and any setback there could send prices tumbling. Market experts painted a super‑bullish scenario too, saying that if the global crypto market hits $35 trillion, XRP could reach a $1.25 trillion cap—roughly $20 per coin. That’s a 750% jump from $2.60. But even seasoned investors know that giant leaps rarely happen without sharp pullbacks along the way. At this stage, traders have a clear choice. They can chase XRP as it tests new ground, or they can wait for a pause or pullback before jumping in. The token’s recent strength is real, but the road to fresh highs could be bumpy. Whether it’s $5.80 or even $20, odds are the journey will be anything but straight. Featured image from The Market Periodical, chart from TradingView
Wintermute is expanding to New York City, tapping policy veteran Ron Hammond as it positions itself in a favorable regulatory environment.
Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.
New SEC Chair Paul Atkins plans to assume a "new day" at the agency for cryptocurrency regulation and outlined details on Monday.
Following the XRP price’s stellar performance in the current bull cycle, a crypto analyst has now predicted that the value of the third-largest cryptocurrency could soon soar to $10 or more in 2025. This bullish projection is backed by several key factors expected to drive strong demand and boost global adoption. Factors That Could Push XRP Price To $10 Unlike past cycles, when XRP pumped toward the tail end of the bull market, this time, it has emerged as one of the top-performing altcoins early on. Expanding on this impressive performance, X (formerly Twitter) crypto analyst and XRP supporter Edo Farina has shared a video analysis of the cryptocurrency, predicting the token’s potential price outlook and outlining different factors that could drive this surge. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? The analyst has highlighted the influence of Bitcoin Dominance (BTC.D), which he sees as a critical indicator for altcoin movements. According to him, BTC.D currently remains relatively high. However, historically, the dominance dropped from 40% to 30%, marking the onset of the altcoin season. This expected drop in Bitcoin’s Dominance could serve as the trigger for a broader altcoin market breakout, positioning the XRP price for a potential 4X rally from current levels. According to Farina, a 4X jump from $2.39 could easily propel XRP toward the $10 mark. Key to this optimism and bullish outlook is the recent resolution of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple. With legal battles seemingly behind it, XRP is no longer classified as a security in the US, giving Ripple the green light to offer the token to financial institutions. Farina has suggested that this newfound regulatory clarity is expected to bolster investor confidence and lay the groundwork for global adoption. Achieving a $10 price point will also require more than a shift in market sentiment. Farina explains that it will depend heavily on XRP’s integration into the global financial system. The analyst argues that XRP must become the cornerstone, especially in cross-border payments and Real World Asset (RWA) tokenization. Ripple has already taken significant steps in this direction, reportedly playing a role in the roll-out of the digital Euro. Ripple is also making strategic acquisitions, such as its acquisition of Hidden Road and the potential purchase of Circle, which could exponentially expand its influence in traditional finance. The analyst further notes that the possible launch of XRP ETFs could significantly impact the token’s price dynamics. If approved by the SEC and more ETFs hit the market, investor demand is expected to skyrocket, potentially driving prices toward or even beyond $10 in 2025. How Much Will 1,000 XRP Be Worth In 2025? In his analysis, Farina estimated how much 1,000 XRP could be worth in 2025 if its price surges to $10 and above. At $10, a modest holding of 1,000 XRP would be worth $10,000. Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds If financial adoption accelerates as Farina projects, XRP could climb well beyond $10, potentially reaching $100. In that scenario, a 1,000 XRP bag could soar to $100,000 profit, potentially offering life-changing returns for long-term investors. Featured image from Getty Images, chart from Tradingview.com
XRP prices moved by almost 3% in the past day as the crypto market bounce continues. However, the prominent altcoin remains in danger of significant market downside. According to renowned X market expert Crypto Egrag, XRP must close above certain price levels to invalidate this bearish pattern and validate its bullish trajectory. Related Reading: Major XRP Accumulation Alert: Wallets Holding Over 10,000 Coins Cross 300,000 XRP Faces Critical Resistance At $2.41-$2.45, But $2.96 Represents Ultimate Challenge In a recent series of X posts, Egrag Crypto has previously stated that XRP was at a major crossroads facing a pivotal breakout or a potential retest. In line with the crypto market, XRP has seen a sustained price rebound since mid-April, gaining by 35.95%. However, Egrag Crypto warns that the altcoin is facing major resistance at the price range between $2.41-$2.45, which aligns with the descending trend line of the market correction that had dominated the first quarter of 2025. To strengthen the bullish case of its recent breakout, the analyst explains that XRP must move and stay above this price resistance, thereby neutralizing the bearish outlook. If XRP fails to make a convincing breakout above $2.41-$2.45 and slips into consolidation, the altcoin faces the potential of a retest to around $1.2-$1.3, representing a potential 46.05% decline from today’s price. However, the analyst explains that such a retest would only provide a massive accumulation opportunity as the long-term outlook for XRP still remains bullish. In a following post on May 10, Egrag Crypto states XRP must also reclaim the $2.96 price zone to confirm a sustainable uptrend. Notably, the $2.96 price level represents the next major price resistance after the descending trendline and is the closest to the current local market top. Related Reading: Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action XRP Market Overview At press time, XRP is trading at $2.41, reflecting a 2.77% gain in the past day. On larger time frames, the altcoin holders are in significant profits as indicated by gains of 10.17% and 23.37% on the weekly and monthly charts, respectively. Generally, the market sentiment among XRP investors remains bullish, especially following recent developments in the legal case between Ripple and the US Securities and Exchange Commission (SEC). On May 8, the SEC announced a settlement that includes the return of $75 million held in escrow to Ripple, which comes months after the Commission signaled its intentions to terminate its appeal case against the blockchain company. With a market cap of $241.95 billion, XRP remains the fourth-largest cryptocurrency and third-largest altcoin in the digital asset space. Featured image from Pexels, chart from Tradingview
Representatives for BlackRock, met with SEC staff to discuss staking and options for cryptocurrency exchange-traded funds.
US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has strongly opposed the agency’s recent settlement with Ripple Labs, arguing that it weakens regulatory oversight and fails to protect investors. In a May 8 statement, Crenshaw said the agreement undermines the court’s and the SEC’s authority to enforce securities laws. She warned that the deal […]
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The SEC filed the agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen with the district court on Thursday.
District Judge Analisa Torres ordered Ripple to pay the SEC a $125 million fine last year. Under the new settlement agreement, Ripple will get the majority of that money back.
The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT). SEC Commissioner Hester Peirce revealed this plan during a May 8 address at the agency’s International Institute for Securities Market Growth and Development. SEC’s proposed crypto framework According to Peirce, […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Documents reveal that the SEC was asked by the NYAG's Office to file a brief in support of their argument that ETH is a security.
Democrats and Republicans physically splintered on Tuesday, holding their own meetings to discuss the future of cryptocurrency regulation.
The U.S. Securities and Exchange Commission has delayed a proposal from Canary Funds to list and trade a spot Litecoin exchange-traded fund.
Mentions of "cryptocurrency" in SEC filings hit a record 786 in April, while references to "stablecoins" more than doubled in recent months.