Browsing:Ripple

The push for the US government to embrace cryptocurrencies
3 weeks ago 1 min read

Ripple CEO Brad Garlinghouse Urges US to Embrace Crypto

The push for the US government to embrace cryptocurrencies is gaining momentum, with more industry executives joining the call. Ripple CEO Brad Garlinghouse is the latest to speak out against the government’s crackdown on digital assets. He warns that if the US doesn’t create a regulatory framework for cryptocurrencies, the industry will continue to move offshore, leading to a loss of innovation and economic growth. Garlinghouse believes that the Securities and Exchange Commission’s case against Ripple is not just about XRP but the entire industry. The recent wave of SEC enforcement actions is not a healthy way to regulate an

Ripple CEO Brad Garlinghouse
1 month ago 1 min read

Ripple’s CEO Says Global Regulatory Progress is “Inspiring”

Ripple CEO Brad Garlinghouse has called the recent regulatory developments in the cryptocurrency industry “energizing.” In a series of tweets, Garlinghouse highlighted the steps being taken by various countries, such as Dubai releasing a comprehensive set of rulebooks for crypto market participants. In addition, he mentioned about Australia’s Treasury seeking public input on updating licensing and custody for cryptocurrencies, the UK government’s intention to establish a clear framework balancing innovation and financial stability, and South Korea’s publication of guidelines to differentiate between security and payment tokens. Garlinghouse said that these regulators are providing leadership and doing the work that is

Ripple Braces for XRP Lawsuit Verdict with New Leadership
2 months ago 1 min read

Ripple Appoints New President Ahead of XRP Lawsuit Decision

Ripple Labs, the payments platform, has recently appointed a new president amidst the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). In a company blog post, Ripple announced the promotion of Monica Long, the firm’s senior vice president and general manager, to the position of president. According to Ripple CEO Brad Garlinghouse, Long has been an instrumental figure in the company’s growth and financial stability, even in the challenging crypto environment. Long, who joined Ripple in 2013 with just 10 employees, has served as general manager since 2020 and is excited to take on her new role as

Ripple Partner Recognized as official Money Transfer Company by Central Bank of Uruguay
2 months ago 1 min read

Ripple Partner Officially Recognized as Money Transfer Company by Central Bank of Uruguay

A document from the Central Bank of Uruguay is causing excitement in the XRP community. The document, which mentions Ripple seven times, is dated March 7, 2022, but was reportedly only recently published on the Central Bank of Uruguay’s website. The exact role of Ripple in the document is not yet clear, but it reveals that the Central Bank registered Ripple partner, LATAM SOFTWARE S.A.S., as a “money transfer company” and granted it the right to outsource services specifically to Ripple. According to the document, LATAM SOFTWARE S.A.S. provided all the necessary information and documentation for the registration, including contracts

MoneyGram Ripple and the SEC confidential documents
3 months ago 1 min read

MoneyGram Moves to Keep Some XRP Lawsuit Filings Confidential in Ripple, SEC Case

MoneyGram has asked the U.S. District Court for the Southern District of New York to keep certain details of its summary judgment materials in the lawsuit between Ripple and the SEC confidential. The cross-border payments company stated that it wants to protect business information and employee identities. The SEC and Ripple requested a summary judgment in September. The SEC filed a lawsuit against Ripple and its executives in December 2020, alleging that the sale of XRP constituted an offering of unregistered securities worth over $1.38 billion. In February 2021, MoneyGram suspended trading on Ripple’s platform due to litigation uncertainty, ending

Ripple CEO
3 months ago 1 min read

Ripple CEO Brad Garlinghouse: US Support for Crypto Regulation is Strong and Bipartisan

Ripple CEO Brad Garlinghouse has expressed optimism that the United States will achieve “breakthrough” regulatory clarity for the cryptocurrency industry in 2023. In a Twitter thread, Garlinghouse stated that support for regulation is “bipartisan & bicameral” and referenced various bills, including the Securities Clarity Act, the Responsible Financial Innovation Act, and the Clarity for Digital Tokens Act, as examples of progress towards regulation. However, Garlinghouse also noted that the US lags behind countries such as Singapore, the European Union, Brazil, and Japan in terms of cryptocurrency legislation and regulation. He suggested that the lack of a coordinated effort to implement

Ripple Vs SEC
3 months ago 1 min read

SEC Seeks to Keep Key Documents in XRP Lawsuit Against Ripple Under Wraps

The US Securities and Exchange Commission (SEC) has filed to seal documents in its lawsuit against San Francisco payments company Ripple that contain internal SEC deliberations about a speech given by former SEC official William Hinman in 2018 stating that both bitcoin and ether were not securities. The SEC argued that the documents, which reflect the views and positions of various SEC officials on “issues of programmatic significance”, would harm the agency’s ability to discuss issues “with openness and candor” if they were made public. Ripple claims the documents, which Judge Analisa Torres ordered the SEC to release in September,

US SEC vs Ripple
3 months ago 1 min read

US SEC Seeks to Keep Hinman Documents Private in Ripple Case

The US Securities and Exchange Commission (SEC) has faced criticism from the cryptocurrency community after requesting that the infamous Hinman Speech documents be sealed in the Ripple Labs case. The documents refer to a speech given by former SEC Corporation Finance Division Director William Hinman at the Yahoo Finance All Markets Summit in June 2018, in which he reportedly stated that the Ethereum token, Ether, is not a security. Ripple believes the documents are important evidence in its case against the SEC. In its motion, the SEC argued that its mission outweighs the “public’s right” to access documents that have

Ripple executive
4 months ago 1 min read

Ripple’s Alderoty accuses the US SEC for BlockFi’s demise

As the legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) in the United States nears its conclusion, the fintech is throwing one more punch. Regardless, Ripple’s legal counsel and chief technology officer (CTO) continue to press their case against the SEC, harshly criticizing its anti-crypto enforcement policies. Ripple’s general counsel, Stuart Alderoty, echoed the SEC’s recently released annual report, in which the agency praised itself. According to the report, the commission filed 760 enforcement actions this year, a 9% increase from the previous year. The SEC imposed a record $6.4 billion in penalties and restitution on

Ripple XRP
4 months ago 2 mins read

Ripple publishes a “regulatory white paper” on crypto policy with suggestions for UK legislators

Ripple, the creator of XRP, hopes to take advantage of its expanding presence in the UK with a regulatory white paper for UK policymakers. The B2B blockchain payment system operator and XRP issuer Ripple has published a “regulatory white paper” with suggestions for UK legislators and regulators drafting laws on cryptocurrency policy. The report’s recommendations are influenced by other regions that have advanced in enforcing crypto regulation, such as Dubai, Singapore, and the EU. Differentiating between various forms of cryptocurrency for tailored regulation, coordinating between the crypto industry and the public sector, and educating lawmakers are just a few of

In a tiny triumph for Ripple Labs, the Securities and Exchange Commission, or SEC, has agreed to turn over internal correspondence.
5 months ago 1 min read

The US SEC has handed up key documents in the Ripple case

In a tiny triumph for Ripple Labs, the Securities and Exchange Commission, or SEC, has agreed to turn over internal correspondence. Ripple Labs, the custodians of the XRP token, has scored a little victory in its long-running lawsuit with the SEC, acquiring vital documents that may aid in the regulator’s investigation. Ripple has obtained what has become known as the Hinman documents — internal SEC drafts and emails relating to a former director’s speech more than four years ago — after 18 months and six court orders. The speech, given by William Hinman, Director of the SEC’s Division of Corporation

Securities and Exchange Commission
6 months ago 1 min read

The SEC attacks companies supporting Ripple as they fear Ripple’s ‘Gigantic Win’ in XRP Suit

In an effort to support Ripple in the protracted $1.3 billion XRP securities lawsuit, two companies, I-Remit and TapJets, attempted to file amici briefs with the court. The U.S. Securities and Exchange Commission (SEC) objected to their efforts. The movers have come under fire from the regulator for attempting to present evidence that is outside the parameters of discovery laws and the court’s prior order. The cross-border payments company I-Remit, which has its headquarters in the Philippines, asked to join the SEC vs. Ripple case last week. The case has been going on for almost two years. In addition, I-Remit

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