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Ripple Can Depose Former SEC Official in Lawsuit: Report

A U.S. judge ordered William H. Hinman, the former chief of the commission's corporate finance division, to sit for questioning.

Mise à jour 14 sept. 2021, 1:26 p.m. Publié 16 juil. 2021, 4:23 a.m. Traduit par IA
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  • Ripple can depose the former head of the U.S. Securities and Exchange Commission's corporate finance division about the agency's policy decisions as the company faces an enforcement action, Bloomberg reported on Friday.
  • U.S. Magistrate Judge Sarah Netburn on Thursday ordered William H. Hinman to sit for questioning, saying the case involves "significant" policy decisions in the markets and the public interest is high.
  • The SEC alleged in December 2020 that Ripple Labs had conducted an ongoing and unregistered securities sale via the XRP token closely associated with its brand.
  • Ripple had sought to force the SEC to disclose why it came to the conclusion that bitcoin and ether were commodities, not securities like XRP.

Read more: Ripple Waiting for SEC Suit Resolution Before Going Public, Says CEO

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.