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As the cryptocurrency community continues to wait for the final outcome of the prolonged and widely publicized court battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, the two opposing sides continue to throw motions at each other. In the most recent update , Ripple has filed a reply letter in further support of its motion to seal documents in connection with the regulator’s motion for judgment and remedies, according to the document shared by a defense attorney and former federal prosecutor, James K. Filan, in an X post on May 29. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a reply letter in further support of its Motion to Seal documents in connection with the @SECGov’s Motion for Judgment and Remedies. pic.twitter.com/NeuFZII1m8 — James K. Filan (@FilanLaw) May 29, 2024 Details of Ripple’s reply letter Specifically, the blockchain firm’s legal team has once again asked Judge Analisa Torr...

The Polygon project has launched the fifth version of Polygon ID, a service for identification in the web3 space. The tool allows dapps to verify user data without revealing their personal information. Polygon (MATIC) ID enables identity reuse and interoperability. Once the issuer provides the information to the owner, it can be reused indefinitely as long as it remains valid and is not withdrawn by the issuer, according to the blog statement. Identity data can also be shared with other parties under the W3C VC standard. The fifth version has increased the number and variety of available accounts. The developers added a new network issuer to the update , improvements for the issuer node, and a new credential marketplace. The new functionality simplifies the process and expands the possibilities for generating an account. In early March, Polygon released a web3 identity service called Polygon ID. With its help, users can confirm accounts without using personal information. Such...

The cryptocurrency community has finally witnessed the end of the long-running court room standoff in which the United States Securities and Exchange Commission (SEC) sued Ripple over the issuance and selling of XRP – with the SEC retreating from the case. Specifically, the SEC has agreed to dismiss the civil allegations against the blockchain company’s CEO, Brad Garlinghouse, and co-founder Chris Larsen, according to the court documents shared by a former federal prosecutor and popular commentator on the case, James K. Filan, in an X post on October 19. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: CASE DISMISSED AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN pic.twitter.com/BYTe9152jM — James K. Filan (@FilanLaw) October 19, 2023 SEC’s capitulation Commenting on the development, Garlighouse pointed out that this was his company’s third victory against the regulator, arguing that the SEC targeted him and Larsen in a “ruthless attempt to personally ruin us and the com...