Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for...Read More
The stablecoin market has experienced remarkable growth in 2024, driven by rising cryptocurrency adoption and a surge in institutional participation. All eyes are now on Ripple’s newly approved stablecoin, Ripple USD, a.k.a. RLUSD. But Ripple’s Chief Technology Officer, David Schwartz, addressed concerns over potential price anomalies for the asset as it prepares to launch. Speculative...Read More
XRP has climbed to the third spot among cryptocurrencies by market cap, overtaking the world’s largest stablecoin Tether (USDT) as well as the “Ethereum Killer” Solana (SOL). Data from CoinMarketCap reveals that XRP’s capitalization has surged past $1350 billion, leaving only Bitcoin (BTC) and Ethereum (ETH) ahead in the rankings. Over the past seven days,...Read More
Ripple Labs has announced a $25 million contribution to the cryptocurrency-focused Fairshake political action committee (PAC). This latest injection increases Fairshake’s total war chest for the upcoming 2026 congressional elections to $103 million. Ripple’s Support The donation follows Fairshake’s influential role in the 2024 elections, where it emerged as the largest PAC of the cycle....Read More
Ripple has announced teaming up with Archax, a UK-based FCA-regulated digital asset exchange, to launch a tokenized money market fund on the XRP Ledger (XRPL). The fund, managed by UK asset manager abrdn, is part of its £3.8 billion US Dollar Liquidity Fund (Lux). This move marks the first instance of a tokenized money market...Read More
Ripple CEO Brad Garlinghouse has expressed concerns about the potential appointment of Bob Stebbins as chair of the securities regulator. The industry executive responded to a post on X by crypto researcher ‘Anders’ who described Stebbins as “the old guard candidate for the SEC chair” before adding: “If Trump truly wants to make the US...Read More
During a recent appearance on Fox News, Ripple’s chief executive, Brad Garlinghouse, spoke about the aftermath of Donald Trump’s victory in the 24 US presidential elections. He believes the US crypto industry will benefit a lot from a more ‘lawful’ administration. The US Crypto Industry Won Although it has been just a week or so...Read More
The cryptocurrency sector has notched a notable milestone in the just-concluded U.S. election, with more than 90% of industry-backed candidates sweeping through Congressional races. The performance comes after crypto Political Action Committees (PACs) raised more than $238 million for the candidates through corporate contributions and personal donations from major players in the space. Impressive Wins,...Read More
The United States Court of Appeal for the Second Circuit has ordered the U.S. Securities and Exchange Commission (SEC) to file its principal appeal brief against Ripple Labs before January 15, 2025. This comes after the agency requested a deadline extension until the said date. No More Delays Initially, the SEC missed its submission deadline...Read More
Ripple Labs has stepped up its legal battle with the U.S. Securities and Exchange Commission (SEC) after filing its Civil Appeal Pre-Argument Statement, also known as Form C. The filing comes only days after the SEC entered a last-minute appeal against several parts of a 2023 judgment which found that Ripple’s programmatic sales of its...Read More
Ripple chief executive Brad Garlinghouse has spoken out about the impacts of a change in administration on the US crypto industry. In an interview with Bloomberg on Oct. 23, he said that Joe Biden’s approach to regulating the crypto industry is coming to an end, and no matter what happens in the presidential election, “we’ll...Read More
Ripple’s blockchain network, XRP Ledger, has recorded significant on-chain growth over the past month. This signifies investor confidence in the network and its native token, XRP. According to a CryptoQuant QuickTake from analyst Wenry Seoul, XRP saw an increase in automated market maker (AMM) liquidity, decentralized exchange (DEX) transaction volume, and the number of new...Read More
After much confusion and speculation, the Securities and Exchange Commission (SEC) has filed an appeal in its ongoing legal spat with Ripple Labs. The appeal is challenging parts of Judge Analisa Torres’ 2023 summary judgment, which found that Ripple’s sales of its XRP token to retail investors on crypto exchanges did not break U.S. securities...Read More
Crypto payments company Ripple has revealed its preliminary exchange and market maker partners for the launch of its dollar-pegged stablecoin Ripple USD (RLUSD). The exchange partners are Bitstamp, Bitso, Bullish, CoinMENA, Independent Reserve, MoonPay, and Uphold. In addition, B2C2 and fellow market maker Keyrock will provide liquidity support for RLUSD. Advisory Appointments “With our initial...Read More
The firm behind XRP has announced the launch of several new features and functionalities for Ripple Custody. With this, the company aims to improve its custody technology for fintech and crypto users. Crypto custody is a relatively new area for the entity, which has streamlined its efforts under the recently launched Ripple Custody division. Expansion...Read More
On Oct. 8, ETF issuer Canary Capital filed with the US Securities and Exchange Commission for an exchange-traded product for Ripple’s XRP. It is the second filing for an XRP-based fund in a fortnight, following Bitwise’s application for the Bitwise XRP ETF trust on Sept. 30. The firm stated that the product would track XRP’s...Read More
The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024. His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple. Grewal Leaving as SEC Appeals Ripple Decision The departure was announced in...Read More
Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has slammed U.S. regulators for unfairly targeting the cryptocurrency industry in money laundering investigations while allowing traditional banks to slip under the radar. In a recent X post, Alderoty pointed to the New York Federal Reserve’s reported role in enabling large-scale illicit transfers, including those tied to terrorist...Read More
According to a recent report, eighty-eight corporate leaders have signed a letter today, which endorses Kamala Harris for US president. 88 Corporate Leaders Show Support for Harris CNBC reported today that a total of 88 corporate leaders and top executives from various companies in the US have formally endorsed Vice President Kamala Harris in her...Read More
The prospects of Ripple Labs filing for an initial public offering have been discussed at large throughout the past couple of years. Brad Garlinghouse, the company’s chief executive officer, spoke today at a fireside chat at Korea Blockchain Week, which is currently held in Seoul. Ripple IPO in the US? Speaking at the conference, Garlinghouse...Read More
Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in...Read More
The Chief Legal Officer at Ripple Stuart Alderoty has publicly criticized the U.S. Securities and Exchange Commission (SEC) over its use of the phrase “crypto asset security.” In a post published on his official X account, the lawyer argued that the term is a made-up concept that has no legitimate grounding. Lawyer, Court, Call Out...Read More
Ripple recently announced a collaboration with Archax, the first digital asset exchange regulated by the UK’s Financial Conduct Authority (FCA). Now, RippleX, the company’s development arm, is coming up with a critical prediction concerning the XRP Ledger. Ripple Devs Seeing a “New Era” for the XRP Ledger In a recent update, RippleXDev, the development arm...Read More
The case between the US Securities and Exchange Commission and Ripple Labs moved forward after Judge Analisa Torres ruled that the company should be fined $125M in a decision that partly honored and partly discharged the SEC’s claims. Now, industry participants and experts are speculating on the odds of its outcome, which is likely to...Read More
The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion fine the SEC wanted. Investors...Read More
XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has...Read More
Ripple has contributed $1 million to back XRP advocate John Deaton in his campaign against Senator Elizabeth Warren in the Massachusetts Senate race. The funds are being channeled to the Commonwealth Unity Fund, a new super PAC created by attorney James Murphy, who contributed $50,000 on April 15 to the cause. Ripple’s Support For XRP...Read More
The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum. Part of the reason is due to a major court ruling regarding the Securities and Exchange Commission (SEC)’s lawsuit against Binance, which Ripple has now leveraged in its ongoing...Read More
The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is in its trial phase. And although this is technically the point of the lawsuit where it is supposed to get resolved, there’s no telling when it might actually end. That said, here’s what’s been going on lately as of June...Read More
The ongoing legal disputes that Ripple is having with the United States Securities and Exchange Commission have been at the forefront of the cryptocurrency industry for quite a while. The case is currently in its last stage, but it’s not the only one that the company has to face. Ripple’s Legal Woes in California In...Read More
