SEC drops charges against Ripple, crypto exchanges address Israel-Hamas war, Bitcoin crosses $30K | Weekly Recap
This week, U.S. regulators dropped charges against Ripple’s executives; Coinbase addresses Hamas’ use of crypto; Bitcoin crosses $30,000 amid discussions surrounding spot ETFs. SEC waves the white flag This week, the U.S. Securities and Exchange Commission (SEC) dropped its charges against Ripple’s executives Brad Garlinghouse and Chris Larsen. However, court documents confirmed that this dismissal does not signify the conclusion of the SEC’s case against Ripple. Both parties are actively engaged in negotiations to address Ripple’s alleged violations related to its Institutional Sales of XRP. They have established a deadline of Nov. 9 to establish a briefing schedule, or they may face court intervention. XRP responded with a rally. The asset surged 7.6% in an inter-day uptick, conquering the $0.50 and $0.51 price thresholds in one fell sweep. Separately, Ripple is seeking a Senior Manager of Shareholder Communications. The move generated significant...