{"id":13065,"date":"2023-08-19T20:59:46","date_gmt":"2023-08-19T20:59:46","guid":{"rendered":"https:\/\/isafespend.com\/investing\/sec-seeks-appeal-over-ripple-crypto-prices-plunge-and-eu-debuts-bitcoin-etf-hodlers-digest-aug-13-19\/"},"modified":"2023-08-19T20:59:47","modified_gmt":"2023-08-19T20:59:47","slug":"sec-seeks-appeal-over-ripple-crypto-prices-plunge-and-eu-debuts-bitcoin-etf-hodlers-digest-aug-13-19","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=13065","title":{"rendered":"SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler\u2019s Digest, Aug. 13-19"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler\u2019s Digest, Aug. 13-19<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Judge Analisa Torres <span>has granted a request<\/span> from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against  Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Torres ruled, on July 13, that Ripples XRP token is not a security when distributed in public sales, but the ruling considered XRP a security in institutional sales. The <span>case against Ripple<\/span> has been ongoing since December 2020, when the SEC sued Ripple and its executives over allegations of offering an unregistered security.<\/p>\n<p>The  and Ether price slide on Aug. 18 <span>saw the top two cryptocurrencies fall<\/span> to a two-month low and triggered a series of liquidations for thousands of derivative traders. The crypto bloodbath led to billions of dollars worth of hedged positions being liquidated, and several traders lost millions of dollars in a single trade. According to CoinGlass data, a total of 176,752 traders got liquidated within hours, indicating a rapid rise in price volatility just days after BTC and ETH recorded their lowest daily volatility in several years. The price function in the crypto market was <span>attributed to several factors<\/span>, including the SpaceX Bitcoin write-down and macroeconomic factors.<\/p>\n<section class=\"adv-banner adbutler-ad adbutler-ad__desktop\"><\/section>\n<section class=\"adv-banner adbutler-ad adbutler-ad__mobile\"><\/section>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<h3 id=\"h-\"><span><\/span><\/h3>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<div class=\"subscribe subscribe--inner\">\n<div class=\"container\">\n<div class=\"subscribe__inner\">\n<div class=\"subscribe__content\">\n<p>Subscribe<\/p>\n<p>The most engaging reads in blockchain. Delivered once a week.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Continue Reading on Coin Telegraph<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/cryptocurrency-news\/sec-seeks-appeal-over-ripple-crypto-prices-plunge-and-eu-debuts-bitcoin-etf-hodlers-digest-aug-1319-3157617\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler\u2019s Digest, Aug. 13-19 Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Labs. The decision allowed the SEC to<\/p>\n","protected":false},"author":1,"featured_media":13066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-13065","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler\u2019s Digest, Aug. 13-19 | iSafeSpend<\/title>\n<meta name=\"description\" content=\"SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler\u2019s Digest, Aug. 13-19 Judge Analisa Torres has granted a request from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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