Ripple

Ripple CLO Stuart Alderoty denies claims that Trump criticized Ripple for donations to Kamala Harris

January 18, 2025 1 min read

Ripple’s Chief Legal Officer, Stuart Alderoty, has refuted claims that President Donald Trump criticized Kamala Harris for receiving financial backing from Ripple executives. Alderoty labeled these allegations as “pure fiction,” responding to unverified reports suggesting Trump confronted Ripple for not supporting his campaign. The rumors originated from various media outlets, claiming Trump accused Ripple of backing Harris instead of him. An Axios report quoted Trump allegedly asking, “When I needed

Which Crypto Offers the Best Returns in December 2024? Among Qubetics, Ripple, and Stellar

December 4, 2024 5 mins read

The crypto market has been wild lately, right? Ripple (XRP) made headlines when investors raked in $4 billion in profits, even amidst the political tension in South Korea. And Stellar (XLM) is flirting with the $1 mark, riding high on surging adoption and trading volumes that doubled overnight. These heavy hitters are dominating the conversation, but there’s a new contender stealing the spotlight—Qubetics ($TICS). This presale star has already sold

Ripple CTO Speaks on the XRP Price Action as this Rival Rises from $0.07 to $2 in 2 Months

December 4, 2024 4 mins read

Recently, Ripple’s CTO, David Schwartz, found himself at the center of excitement and skepticism as the XRP price surged significantly. While XRP has been a cornerstone of Ripple’s ambitions in cryptocurrency, a new contender has emerged: RCO Finance (RCOF). This rival has captivated investors, skyrocketing from $0.07 to an impressive $2 in just two months. As Schwartz tries to address past XRP price actions, the rise of RCOF raises questions

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,