#ethbusd

This Country Might Become First To Impose Tax on NFTs

Crypto taxation has become a key part of the discussion in the regulatory debate, on one hand, some countries are imposing capital gain taxes based on existing rules while on the other hand, a few nations have framed new tax regulations on crypto transactions. South Korea is one such nation that is currently leading the regulatory demography with its crypto taxation rules. It has imposed a 30%…

XRP Lawsuit: Court Grants Two Motions for both parties each. Here’s how it’s a win-win for Ripple?

The latest update in the XRP lawsuit explains the need for the formerly granted extension. Judge Netburn partially granted two motions, one for both parties. First, the Defendants’ Motion to Compel the SEC to produce interrogatories responses, regarding SEC’s Howey Test blanket application theory. Second, the Plaintiff’s Motion seeking a protective order under FRCP 26(c)(1), relieving the…

XRP Lawsuit: Case extended further with Court Granting Expert Discovery Extension

The latest update in the XRP lawsuit has brought bad news for Ripple and XRP Holders, as the court granted SEC’s 2-months extension request for the expert discovery deadline in a Text-Only Order. JUST ADDED to our Document Library:Order Extending Expert Discovery to January 14, 2022 (Text-Only Order). (1/5) https://t.co/P16CwGWGJO — CryptoLaw (@CryptoLawUS) October 20, 2021 The court noted that…

XRP Lawsuit: SEC repeats “privileged documents” argument like a broken record

After hitting face first in the DPP dispute, the SEC has continued to assert its “privileged documents” stance. The latest development in the XRP lawsuit saw the SEC submit a redacted version of the three additional documents requested by Ripple for in-camera review on the public docket. The commission also submitted an explanation for its privilege assertions for all those documents that the…

XRP Lawsuit: SEC aims to make XRP skip the bull run with an Expert Discovery Extension Appeal

The latest update in the XRP lawsuit saw the SEC file a letter requesting the Court to extend the expert rebuttal report deadline to November 12, 2021, and the expert discovery deadline to January 14, 2022, from the former date of November 12, 2021. The plaintiff noted that the extension will allocate both parties sufficient time to prepare rebuttal reports and depose a minimum of 14 expert…

XRP Lawsuit: SEC discards Settlement speculations with its disagreement of Ripple’s Seal appeal

The latest update in the XRP lawsuit saw the SEC disagree with Ripple’s exclusive redaction and seal appeal. This dispute refers to the SEC’s Letter Motion Compelling discovery of recordings of defendants’ internal meetings, where Garlinghouse, Larsen & other key employees spoke on topics relevant to disputes in the lawsuit. With the plaintiff’s current position in the case, standing at the…

XRP Lawsuit: Pro-Ripple Lawyer gets permission to question Individual Movants

The latest update in the XRP lawsuit saw the court grant amici curiae status to Attorney John E Deaton who has been vocal about his support for the defendants in the lawsuit. Along with the six Movants who filed Motion to Intervene as defendants in this action pursuant to Federal Rule of Civil Procedure 24. The six Movants are, Jordan Deaton, James Lamonte, Tyler Lamonte, Mya Lamonte, Mitchell…

Short selling Expert compares NFT price manipulation to the oldest truck in the book

The Founder of Kynikos Associates, a New York City registered investment advisor focused on short-selling, James Steven Chanos was recently spotted criticizing the trending NFT industry at the FT Live Conference on Thursday. According to Chanos, the NFT sphere has been overflown with “nefarious activity” and conflicts of interest. Being a noted art collector himself, Chanos does not approve of…