Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios, especially those in their 20s. This is evident by new findings, which show XRP comprising 20.7% of their investments, surpassing the combined 17.5% allocation...Read More
John Deaton, founder of CryptolawUS and an advocate for XRP holders, spoke out against the SEC’s “aiding and abetting” allegations against Brad Garlinghouse, CEO of Ripple. Deaton claims that the situation might have been prevented if the SEC had allowed previous executives Bill Hinman and Jay Clayton to testify sooner. In the Ripple v. SEC...Read More
Brad Garlinghouse, the CEO of Ripple, and Chris Larsen, the executive chairman, have notified the court that they would be out of the office for two weeks in April. This choice was made in accordance with the court’s instructions on the final pretrial meeting time and date and the final order. Notably, the Ripple executives...Read More
Despite Ripple scoring a win in the ongoing lawsuit with the US Securities and Exchange Commission (SEC), some members of the community believe the legal battle caused damages for the firm and its native token. According to lawyer and founder of CryptoLaw, John Deaton, who also represents thousands of XRP holders, the SEC lawsuit affected...Read More
The U.S. Securities and Exchange Commission (SEC) has filed a motion requesting permission to appeal a federal court ruling last month claiming that secondary sales of Ripple’s XRP token are not securities. The agency argued that there are still “substantial grounds for difference of opinion” regarding how securities laws apply to crypto, making frequent reference...Read More
Ripple Labs has opposed the U.S. Securities and Exchange Commission’s (SEC) request for an interlocutory appeal against Judge Analisa Torres’ decision on the sale of XRP constituting securities. According to a tweet by Ripple Labs chief legal officer Stuart Alderoty, the court should reject the SEC’s request because there is no extraordinary circumstance justifying a...Read More
The Stellar Development Foundation (SDF) – the organization behind the Stellar network that facilitates cross-border transactions – announced becoming a minority investor in payments giant MoneyGram International. The latest investment is the first of its kind made from SDF’s treasury which includes a position on MGI’s Board of Directors. Denelle Dixon, SDF CEO and Executive...Read More
XRP is currently reeling under severe bearish pressure alongside other top cryptocurrencies. Over the past week, XRP was down by almost 7%, contributing to its monthly losses, which have now reached 20%. But the latest analysis suggests that the crypto-assets market depth on Gemini has rebounded. Last week, XRP’s price on Gemini experienced a temporary...Read More
The ongoing case between Ripple Labs and the US Securities and Exchange Commission continues to be among the most heavily-discussed topics in the industry. Most recently, presiding Judge Analisa Torres approved a notice of appearance for an Investment Banker Declarant, but what does this mean? Approving Notice of Appearance Judge Analisa Torres has recently approved...Read More
Investment products for XRP, the native crypto asset of the Ripple network, have recorded the 16th consecutive week of institutional inflows since the start of 2023. According to data analyzed by CoinShares in its latest Digital Asset Fund Flows Weekly Report, XRP saw $0.5 million in inflows during the past week. XRP Sees Inflows for...Read More
Evernode – a layer 2 smart contract solution built on top of the XRP Ledger (XRPL) – announced the first details of its airdrop intended to reach XRP holders. Such investors should provide a snapshot of their possessions by the beginning of September and must hold their tokens on-chain. The team behind the decentralized platform...Read More
Filings for spot Bitcoin exchange-traded funds have been pushed around for years with no success in the US so far. The Securities and Exchange Commission remains reluctant. Ideas for ETH ETFs have also been floating around but XRP? That’s something new, but apparently, there’s some sort of interest in it. The primary reason why cryptocurrency...Read More
Despite a largely bullish court ruling in favor of Ripple last month, Morgan Creek founder Mark Yusko is no more enthusiastic about the company, nor the XRP ledger. In a Tuesday interview, the investors said that the ledger is not only “corruptible,” but that it lacks any “real adoption.” Yusko’s View On Ripple In conversation...Read More
In the midst of a lackluster price movement across the wider cryptocurrency market, XRP experienced an unusual downward trend. The cryptocurrency recently became the fifth-largest crypto by market cap owing to Ripple’s partial but impressive win against the US Securities and Exchange Commission (SEC). The asset even briefly surpassed BNB as the fourth-largest last month....Read More
Ripple CEO Brad Garlinghouse said the contents of the company’s quarterly financial reports could take a different turn from the usual after the US Securities and Exchange Commission (SEC) used the firm’s disclosures against it in the lawsuit. Meanwhile, XRP holders lawyer John Deaton believes Ripple’s transparency saved the firm from facing fraud and manipulation...Read More
One of the most high-profile cases of total collapse in the crypto industry ever, Terraform Labs’ sudden implosion last year, left government regulators in both South Korea and the USA scrambling to sort out the mess. While Korean authorities continue to probe into the dealings of TFL’s former C-suite and those of the exchange they...Read More
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is...Read More
The United States Securities and Exchange Commission (SEC) and its Chairman, Gary Gensler, have received a significant wave of criticism from numerous organizations and individuals (including some American politicians) for the way they have treated the cryptocurrency industry over the years. Ripple’s recent court victory against the Commission prompted even more lawmakers to castigate the...Read More
Lisa R. Zornberg, a prominent U.S. attorney representing Ripple Labs in the legal battle with the Securities and Exchange Commission (SEC), is seeking the court’s approval to withdraw from the case following her appointment as New York Chief Counsel by Mayor Eric Adams. According to a recent filing, Ripple asked the court to grant Zornberg’s...Read More
Wyoming-based Custodia Bank’s application to become a member of the Federal Reserve System was rejected earlier this year by the Kansas City Fed. But the platform has no intention of backing down. The legal dispute took a new turn after Custodia slapped three lawsuits against the regulator in three separate circuits. According to attorney John...Read More
Blockchain security company Quantstamp has agreed to pay ~$3.5 million in fines to settle charges against it from the U.S. Securities and Exchange Commission (SEC) on Friday – without confirming or denying allegations. The settlement marks another successful crackdown from the agency against a crypto company for violating securities laws, which industry leaders say lack...Read More
An appeal by the U.S. Securities and Exchange Commission (SEC) against Judge Analisa Torres’ ruling on XRP will affirm the decision, according to Stu Alderoty, the chief legal officer (CLO) of Ripple Labs. During an interview with TechCrunch’s Chain Reaction, Alderoty said the judge’s decision was right as it was a “faithful application of the...Read More
John Deaton, crypto lawyer and legal representative of XRP holders in the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), has slammed haters and critics of Judge Analisa Torres, insisting that her recent decision in the ongoing case is “very sound.” In a lengthy Twitter thread, Deaton outlined why Judge Torres’ decision...Read More
The Ripple boss has lambasted the federal regulator after its expressed intentions to appeal the recent ruling. Late last week, the SEC said the decision made by Judge Torres that XRP sold to retail traders was not a security needs a “review.” This has largely been viewed as intent to appeal the court ruling and...Read More
The legal war between the United States Securities and Exchange Commission and Ripple Labs appears to be far from over. While the latter managed a partial win following a recent court ruling, the Commission doesn’t seem to be backing down just yet. According to a recent report by Bloomberg, the United States Securities and Exchange...Read More
Stablecoins and central bank digital currencies (CBDCs) have been an ongoing point of discussion for a while now. Ripple – the company behind one of the world’s largest cryptocurrencies, XRP – has entered into a new partnership aimed at fostering support for both. According to a recent blog post, Ripple partnered with a company called ...Read More
On July 18, Ripple announced it had invested in AI and metaverse technology and content company, Futureverse. The move has given a second wind to XRP prices which are outperforming the top 20 crypto assets at the moment. The company has raised $54 million in a Series A round of funding in an effort to...Read More
On July 17, Gary Gensler said he was “disappointed” with the judge’s ruling that Ripple’s XRP token was not a security when it was sold to retail investors on exchanges. The ruling was celebrated as good news for the wider crypto industry and retail investors, but Gensler doesn’t agree. 🚨BREAKING: @GaryGensler addresses the @Ripple Summary...Read More
Last week, the legal battle between the SEC and Ripple that had been raging for 3 years was finally settled, at least partially. Although Judge Analisa Torres ruled that some primary sales of XRP should have been registered as securities offerings, the secondary sale of the asset does not count as unlicensed securities. Open for...Read More
The landmark decision by Judge Torres in the legal battle between Ripple and the US SEC could positively impact the entire crypto industry, said the former’s CEO, Brad Garlinghouse. He also hopes that the ruling will serve as a wake-up call to US Congress for the upcoming regulations. A Win for Everyone Nearly three years...Read More
