After Ripple Labs scored a partial victory in its fight with the SEC in a court ruling that brought a modicum of regulatory clarity for the cryptocurrency industry, $XRP has surged 66%. LedesmaLyllah and godbole17 report in First Mover Americas
BNB – which rallied 6.5% in wake of the court ruling – now has a market cap of $40.57 billion. Ripple bulls however, shouldn’t forget the second part of yesterday’s court decision. “The Court has found Ripple to be in violation of securities laws, specifically in relation to direct sales to institutional investors,” wrote CoinShares’ Head of Product Townsend Lansing in an email to CoinDesk.
Mashinsky and others are charged with seven criminal counts including securities fraud, commodities fraud, wire fraud and conspiracy to manipulate the price of Celsius' token CEL, according to the unsealed DOJ indictment. The criminal charges were accompanied by three separate lawsuits against Mashinsky and Celsius by the U.S. Securities and Exchange Commission ,
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