Ripple

Ripple co-founder Chris Larsen calls SEC Chair Gary Gensler the “worst public servant”

October 29, 2024 1 min read

The ongoing conflict between Ripple Labs and the Securities and Exchange Commission (SEC) is heating up, particularly with Ripple’s co-founder, Chris Larsen, taking a strong stance against SEC Chair Gary Gensler. In a recent interview with CNBC, Larsen did not hold back, labeling Gensler as the “worst public servant of all time” and criticizing his handling of cryptocurrency regulations in the U.S., as well as his support for Kamala Harris’

Ripple Labs files a major appeal against the SEC, challenging key definitions

October 25, 2024 2 mins read

Ripple Labs is taking a stand against the SEC by filing a Civil Appeal Pre-Argument Statement in their ongoing legal battle. This document, submitted on October 24, outlines the key points Ripple plans to argue in their appeal, which will be reviewed from scratch by the court. The appeal focuses on four main issues. First, Ripple challenges the SEC’s definition of an “investment contract” as outlined in the Securities Act

Bitwise’s XRP ETF Faces Roadblocks: SEC Appeal and Political Landscape

October 5, 2024 1 min read

Bitwise recently filed for an XRP ETF, sparking discussions among industry experts about how the upcoming US election might impact its approval. The SEC’s ongoing appeal against Ripple Labs adds uncertainty, potentially delaying the ETF’s fate. Bitwise’s filing, along with another from Canary Capital, highlights a growing interest in direct crypto asset funds, although regulatory clarity remains a challenge. XRP, valued at $33 billion, is seen as a key player

Ripple’s CLO slams the SEC’s latest appeal in the ongoing XRP legal battle

October 4, 2024 1 min read

Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed strong criticism of the U.S. Securities and Exchange Commission’s (SEC) recent appeal regarding XRP, which challenges a previous ruling that deemed XRP not a security. This appeal follows a ruling by Judge Analisa Torres, who imposed a $125 million fine on Ripple, significantly less than the SEC’s initial demand of $2 billion. Alderoty described the SEC’s move as disappointing and indicative of

Ripple secures in-principle approval from Dubai regulators

October 3, 2024 1 min read

Ripple has gained in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its financial services in the UAE, enhancing its role in the region’s cross-border payment ecosystem. This approval allows Ripple to offer comprehensive payment solutions through the Dubai International Financial Centre (DIFC). CEO Brad Garlinghouse highlighted the UAE’s favorable crypto regulations, which have established the country as a global hub for digital asset firms. With this regulatory

Ripple releases 1 billion XRP tokens from escrow on September 1st

September 1, 2024 1 min read

Ripple released 1 billion XRP tokens from escrow on September 1st, aiming to improve market predictability and transparency through a long-term plan for managing the token supply. The “Ripple 24” wallet, which has been operational for over seven years, distributed the tokens, with a value of over $560 million. The first transaction released half a billion tokens worth almost $280 million, followed by the second and third releasing a significant

The SEC plans to appeal a court ruling on Ripple’s XRP sales

August 9, 2024 1 min read

The US Securities and Exchange Commission (SEC) intends to challenge a court decision that ruled against Ripple Labs in relation to the categorization of XRP sales. The SEC intends to contest the ruling that classifies the secondary market sales of XRP as non-securities, potentially influencing the regulatory framework for crypto. The appeal is a response to a partial summary decision issued by Judge Analisa Torres in 2023. The SEC contends

Ripple partners with Dubai’s DIFC Innovation Hub to enhance blockchain

August 8, 2024 2 mins read

Ripple Labs has formed a partnership with the DIFC Innovation Hub, which is a part of the Dubai International Financial Centre (DIFC). The purpose of this partnership is to advance the use of blockchain technology and digital assets in the United Arab Emirates (UAE) and the Middle East, Africa, and South Asia (MEASA) area. The DIFC Innovation Hub is the most extensive innovation ecosystem in the region, accommodating more than

Ripple settles with the SEC, agreeing to a $125 million fine

August 8, 2024 1 min read

Ripple Labs has reached a settlement with the SEC, agreeing to pay a penalty of $125 million for selling its XRP token without proper registration. This resolution concludes a legal conflict in which the SEC previously sought penalties amounting to over $2 billion. The settlement is considered a triumph for Ripple, as allegations of fraud were dropped, resulting in a diminished penalty. The SEC initiated a legal action in 2020,

Ripple partners with OpenEden, investing $10M to launch tokenized US Treasury bills

August 3, 2024 1 min read

Together with Ripple, OpenEden has put its tokenized US Treasury bills, TBILL, on the XRP Ledger (XRPL). By putting US Treasury bills on a digital platform, OpenEden’s TBILL tokens, which Ripple has invested $10 million in, are meant to bring together standard finance and decentralized finance (DeFi). The goal of the partnership is to bring together standard finance and decentralized finance (DeFi) by putting US Treasury bills on the internet.

Marc Fagel warns against excessive optimism over a potential Ripple (XRP) settlement

July 27, 2024 1 min read

Former Securities and Exchange Commission (SEC) attorney Marc Fagel has advised against being overly optimistic about the possibility of reaching an agreement in the continuing legal dispute between the SEC and Ripple Labs. The US SEC just rescheduled a private meeting, igniting renewed optimism among the XRP community for a resolution. Nevertheless, Fagel pointed out the absence of definitive proof to substantiate this perspective, noting that it is improbable to

Why Ripple (XRP) Could Be Massively Undervalued

July 26, 2024 1 min read

Linda P. Jones, a former financial expert on Wall Street and author of “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies,” expressed her optimistic view on Ripple, highlighting its pricing in comparison to Coinbase and the potential of XRP. Jones observed that Ripple’s (XRP) present valuation on the Linqto investing platform stands at $7.5 billion, which is lower than its estimations of