A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for "possible misconduct." The Federal Trade Commission spokesperson declined to name the firms or say precisely what actions prompted the investigations.

Burdened by regulatory pressures, crypto lending firm Nexo has given up on continuing to operate within the United States. The company announced on Monday that it would begin phasing out its products and services from the country over the coming months.

Ripple native token XRP price may rise after defendants in the critical XRP lawsuit Ripple labs filed their redacted reply to the SEC’s opposition motion for Summary Judgment.

XRP News: The global cryptocurrency industry is still struggling to recover from the recent Sam Bankman-Fried’s (SBF) FTX collapse. Industry experts have alleged the US SEC and its chair, Gary Gensler for taking irregular steps to protect the market. However, the XRP holders’ lawyer has suggested that there could be more pain ahead for the crypto market.

The most talked about crypto lawsuit involving the United States Securities and Exchange Commission (SEC) and Ripple is approaching its conclusion after a two-year-long battle.

Ripple’s two years legal battle with the U.S. Securities and Exchange Commission (SEC) is drawing to a close. The crypto company has filed a response to the commission’s opposition to its motion for summary judgment.

Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether.

Garlinghouse reassures investors that Ripple will continue to fight to get regulatory clarity for the U.S. crypto space.

In&nbsp;<a href="https://www.dropbox.com/s/obn24qc7yq4oo2b/SEC%20Redacted%20Reply%20to%20Ripple%27s%20Oppostion%20to%20the%20SEC%27s%20Motion%20for%20Summary%20Judgment.pdf?dl=0" target="_blank">a 62-page court filing</a> seen by The Crypto Basic, the SEC asserted that it is entitled to summary judgment because the defendants did not oppose the material fact that XRP sales constitute an “investment contract” offer under Section 2(a)(1) of the 1993 Securities act.

Ripple has filed a redacted response to the Securities and Exchange Commission’s opposition to its motion for summary judgment, as disclosed in a tweet by pro-Ripple lawyer James K. Filan yesterday.