SEC Appeals Ripple Case Ruling, Crypto Market Plunges
TL;DR Summary
The SEC has been granted permission to file a motion for appeal in its case against Ripple Labs, which has been ongoing since December 2020. The Bitcoin and Ether price slump led to billions of dollars worth of liquidations for derivative traders. El Salvador's adoption of Bitcoin as legal tender has resulted in a 70% return on its dollar bond in 2023, attracting interest from institutional giants. Europe welcomed its first-ever spot Bitcoin ETF on the Euronext Amsterdam exchange. Coinbase has obtained approval from the NFA to offer Bitcoin and Ether futures in the US.
- SEC seeks appeal over Ripple, crypto prices plunge, EU Bitcoin ETF Cointelegraph
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- SEC Shift: XRP Not Security, Legal Clash Endures BeInCrypto
- XRP wiped $18 billion since positive SEC case ruling; What next? Finbold - Finance in Bold
- SEC vs. Ripple: Dive into the Interlocutory Appeal Push CryptoGlobe
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