Analyses
Daily News Summary 11/10
October 11, 2024
Ripple vs. SEC Case Continues
Ripple Labs has filed its own appeal with the U.S. appellate court just one week after the SEC appealed a previous ruling. This ongoing litigation, initiated by the SEC nearly four years ago, accuses Ripple of raising $1.3 billion through the sale of XRP, which the SEC alleges is an unregistered security.
More Countries Pause CBDC Programs
Australia, Canada, and Colombia have announced that they are pausing their plans to launch central bank digital currencies (CBDCs) for the time being. The resistance is coming not only from local citizens but also from central banks, which increasingly recognize the lack of a clear public interest argument for issuing retail CBDCs.
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