Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-20-24
Good Afternoon Dinar Recaps,
US COURT SCHEDULES KEY DATES FOR RIPPLE CASE
▪️The US Court of Appeals sets critical dates for the Ripple lawsuit.
▪️Bradley Sostack must submit key documents by specified deadlines.
▪️Ripple remains hopeful amidst ongoing legal challenges with the SEC.
The United States Court of Appeals has announced important dates related to a new lawsuit filed by Bradley Sostack against Ripple $2. The court will outline filing deadlines and the dates for presenting major arguments during the appeals process.
Ripple Case Dates
The appellate court received the appeal notification concerning the Ripple case and assigned a case number. The court requested that any motions filed in this process be submitted individually.
Plaintiff Bradley Sostack must submit the Mediation Questionnaire by December 23. The court also expects to receive the Appeals Transcript Order and the Appeals Transcript by December 31 and January 30, respectively.
The plaintiff will initiate the appeals process by submitting the opening brief on March 6 against Ripple and CEO Brad Garlinghouse. Ripple Labs, XRP II, and Garlinghouse are required to respond to the plaintiff’s main assertion by April 7, 2025.
“If there are reported hearings, parties should identify transcripts and make assignments mutually if necessary” – Court
Previous Court Rulings
Ripple, having benefited from prior dividend court rulings, has been appealed by Bradley Sostack. Judge Phyllis Hamilton approved the request to modify the decision and hearing request in the XRP case.
The lawsuit between Ripple and the SEC continues in the Second Circuit Court of Appeals. Ripple executives and the crypto community remain hopeful about the dismissal or withdrawal of the case. SEC Chairman Gary Gensler’s resignation on January 20 has fostered optimism regarding the case’s future.
As developments unfold in the Ripple case, stakeholders are preparing for the ongoing process. Keeping track of the dates set by the court will be crucial for the case’s progression.
@ Newshounds News™
Source: Coin-Turk
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METALLICUS ACQUIRES FINTECH OPERATOR CONNECTED TO 70 CREDIT UNIONS
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.
Digital banking and blockchain platform Metallicus recently announced the acquisition of fintech service company Bonifii, a credit union service operator (CUSO) connected to 70 credit unions.
The partnership will purportedly establish a separate CUSO for credit union partners that establish and deploy on The Digital Banking Network (TDBN), a multilayer blockchain network servicing the fintech and financial services industry.
According to a blog post from Bonifii, the organization is currently the only CUSO directly connected to a blockchain core developer.
Marshall Hayner, founder and CEO of Metallicus and board member of the Dogecoin Foundation, told Cointelegraph that the acquisition brought the company’s total credit union partners to more than 80, with more than 16 of those already leveraging Metal blockchain technology. He explained:
“Our plan is to continue onboarding more financial institutions and credit unions onto The Digital Banking Network, providing them with bespoke solutions that allow them to move onchain, enhance their operational requirements, reduce costs and enhance services for credit union members globally.”
Digital banking and FedNow
Metallicus has been among the more active blockchain firms in the digital banking space. Its early involvement in the US Federal Reserve’s FedNow digital payments system has positioned it as a core blockchain with inroads to US government programs.
FedNow is a digital payments infrastructure that allows qualified banking institutions to provide government-backed instant payment solutions to their customers. As Cointelegraph reported in May 2023, Metal Blockchain was one of the first chains accepted for integration with the program.
The recent acquisition of Bonifii could allow Metallicus to expand its footprint into the credit union space. Hayner told Cointelegraph that Bonifii president John Ainsworth will transition to the Metallicus team, where he will lead Metal Blockchain’s expansion into the credit union sector as General Manager.
A cursory review of the company’s finances indicates that, prior to the acquisition, Bonifii had raised roughly $20 million over several early investment and seed rounds. While details on Metallicus’ financials do not appear to be publicly available, CoinMarketCap reports a market capitalization of $13.65 million for the Metal Blockchain.
@ Newshounds News™
Source: CoinTelegraph
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TOP ECONOMIST SHARES WHY SILVER IS THE SAFEST BET RIGHT NOW | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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