Browsing:Ripple

Ripple CEO Predicts 'Imminent' End to SEC Lawsuit
12 months ago 1 min read

Ripple CEO Says SEC Case Could End Soon

Ripple CEO Brad Garlinghouse said in a recent interview that he expects the company’s prolonged legal battle against the US Securities and Exchange Commission (SEC) to be over in weeks. In an interview with Mukaya Panich, the CEO of SCB 10X, Garlinghouse said he expects the court case resolution “in weeks, not months,” following the recent court news regarding the Hinman emails would be made public. The Hinman emails refer to internal communications involving a speech of former Division Director William Hinman in 2018, when he said that Bitcoin (BTC) and Ethereum (ETH) were not securities. The SEC has been

Internal emails from the U.S. SEC suggest that the regulator knew that XRP did not fully meet the definition of a security
12 months ago 2 mins read

Internal Emails from the U.S. SEC Could Be Ripple’s Key to Winning the Lawsuit

Internal emails from the U.S. Securities and Exchange Commission (SEC) suggest that the regulator knew that XRP did not fully meet the definition of security. The emails, which were filed by Ripple in court, argue that there are reasonable grounds not to consider XRP as a security because it does not satisfy the Howey test. The Howey test is a legal framework used to determine whether an investment is a security. To meet the Howey test, an investment must meet the following criteria: XRP does not meet the Howey test because it is not an investment of money. XRP is

Ripple CEO is all set to address the challenges and opportunities of crypto utility
1 year ago 1 min read

Ripple CEO Brad Garlinghouse to Speak on Crypto’s Real-World Applications at Dubai Summit

Ripple CEO Brad Garlinghouse is all set to deliver a keynote address on the challenges and opportunities of cryptocurrency utility and regulation at the upcoming Dubai Fintech Summit. The event, which is slated to take place on May 8 and 9 at the Madinat Jumeirah, is expected to bring together more than 5,000 global fintech executives and enthusiasts from around the world. Garlinghouse will be joined by CNBC reporter Dan Murphy to discuss the future of cryptocurrencies and the significance of regulatory frameworks in shaping the industry’s growth. The Ripple CEO’s keynote address is expected to shed light on the

Ripple Labs and the US SEC continue their legal battle without a verdict
1 year ago 1 min read

Ripple Vs. SEC: Speculation Arises Over Undisclosed Meeting Next Week

Ripple Labs and the US Securities and Exchange Commission (SEC) continue their legal battle without a verdict, but rumors suggest a potential undisclosed meeting between the parties on May 8. The meeting has led to speculation about a possible settlement. However, XRP community attorney John E. Deaton doubts the rumor’s validity, believing that Ripple and the SEC can meet anytime they want. Deaton suggests that a settlement would only happen after a ruling by Judge Torres and if Ripple wins a big victory. Moreover, Ripple could be concerned about the regulatory safety of its partners. Deaton believes Ripple CEO Brad

Ripple Seeks Innovative Financial Projects in Open Call
1 year ago 2 mins read

Ripple Invites Web3 Developers to Create Financial Projects

The XRP Ledger Grants Program has announced its sixth wave, offering a golden opportunity for developers worldwide to create innovative financial projects on the XRP Ledger (XRPL). The program seeks projects that address financial inequities, streamline traditional financial processes, and provide new use cases for the XRPL. The deadline for applications is set for June 18, 2023. The Grants Program welcomes applications for various projects such as applications, services, tools, and middleware that tackle financial use cases like financial equity and inclusion, decentralized finance, data and indexing, payments, e-commerce, merchant tooling and integration, tokenization, decentralized compliance and security, interoperability, developer

Montenegro's Central Bank and Ripple Forge Partnership for CBDC Test Program.
1 year ago 1 min read

Montenegro’s Central Bank Collaborates with Ripple to Test CBDC

Montenegro’s Central Bank (CBCG) has announced plans to develop a pilot program for a central bank digital currency (CBDC) in partnership with blockchain provider Ripple. Despite using the euro as its de facto currency, the CBCG aims to identify practical applications of a national stablecoin and simulate its circulation through the pilot program. The project aims to assess the potential advantages and risks of CBDCs, including electronic payment availability, security, efficiency, regulatory compliance, and the protection of user rights and privacy. According to CBCG Governor Radoje Zugic, this pilot program will help the bank understand how a CBDC could benefit

The push for the US government to embrace cryptocurrencies
1 year 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 year 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
1 year 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
1 year 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
1 year 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
1 year 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

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