White House supports potential $125M expense for renaming Department of War
White House Defends Department Name Change Amid Cost Concerns On Thursday, the White House reaffirmed its decision to rename the Department of Defense as the Department of the Army, even though watchdogs have cautioned that this could lead to taxpayer costs as high as $125 million. The Congressional Budget Office (CBO) outlined that the bulk […]
Naz Reid signs substantial $125M contract extension with Timberwolves
Naz Reid is staying in Minnesota. Recent reports indicate that the former Jelly Femme and New Jersey native has signed a five-year deal worth $125 million to remain with the Timberwolves. Bobby Marks, who specializes in salary cap analysis at ESPN, noted that the Timberwolves’ projected tax bill will be $23 million, which is a […]
Ripple and SEC Request Court to Lift XRP Ban and Unlock $125M in Escrow
Simply put The SEC and Ripple have made a joint request to address the injunction and release the funds held in escrow. The proposed settlement involves Ripple paying $50 million to the SEC, with the remaining amount returned to Ripple. This matter traces back to 2020, centering on allegations that XRP sales were unregistered securities. […]
Judge dismisses SEC and Ripple’s proposed settlement and maintains $125M penalty.
Key Takeaways A judge turned down the suggested settlement that aimed to reduce Ripple’s fine from $125 million to $50 million. Judge Analisa Torres stated that extraordinary circumstances need to be shown to modify the final judgment. A federal judge recently dismissed a joint appeal filed by the SEC and Ripple Labs to approve a […]