TL;DR The SEC continued the legal battle with Ripple by filing an official appeal on a specific summary judgment. The company’s CLO likened the regulator’s desire to prevail in the case to the tragic end of Captain Ahab from the novel Moby Dick. What Does the SEC Hope for? The legal tussle between Ripple and…
Advertisement     Ripple CEO Brad Garlinghouse threw more light on RLUSD stablecoin, related regulations, and its case with the United States Securities and Exchange Commission. The crypto executive also addressed talks of an XRP ETF and lingering concerns about going public. The upcoming U.S. elections remain a big determinant of crypto regulations as…
Advertisement     Pro-Ripple lawyer John Deaton came out to defend XRP during a heated debate with Massachusetts Senator Elizabeth Warren. During the debate, Deaton defended his role in representing Ripple against the lawsuit filed by the US Securities and Exchange Commission (SEC), saying he wanted to protect retail investors. “I sued the government…
Advertisement     XRP continued to trade in a tight consolidation pattern on Saturday, hovering around $0.54. Over the past three weeks, XRP has been range-bound, mostly trading between support at $0.52 and resistance near $0.56. Looking at the longer-term chart, XRP has been in a period of relative stability following the significant price…
Advertisement     Ripple Labs Inc. has made another huge push toward the launch of its much-anticipated dollar-dominated stablecoin, RLUSD. In a recent announcement during the Ripple Swell event in Miami, Florida, the blockchain firm named exchange and market maker partners for the upcoming stablecoin. Ripple Announces Exchange Partners For RLUSD Speculation over the…
Auf dem Ripple Swell 2024 Event in Miami stellte Ripple seine Partner im Bereich Austausch und Market Maker für den kommenden RLUSD vor, einen Stablecoin, der an den US-Dollar gekoppelt ist. Außerdem erweiterte das Unternehmen sein Beratungsgremium und begrüßte Sheila Bair, die ehemalige Vorsitzende der FDIC, und David Puth, den ehemaligen CEO von Centre, der…
Advertisement     XRP continues to be the talk of the crypto town, given that the lawsuit pitting the United States Security and Exchange Commission (SEC) and Ripple is taking a new twist. Following a legal brawl that took over three years, a US court deemed XRP not a security. The latest development shows…
Advertisement     San Francisco-based fintech firm Ripple is launching a new suite of crypto storage services designed to help banks and financial technology businesses securely store and manage crypto assets. Ripple Forays Into Crypto Custody According to CNBC, Ripple is set to introduce a slew of features to enable its banking and fintech…
Crypto investment company Canary Capital has submitted an application for a second XRP exchange-traded fund (ETF) in the United States. This filing is consistent with Bitwise’s recent submission of a comparable application for a spot XRP ETF. In light of the legal and regulatory uncertainty surrounding XRP, Canary’s decision to proceed with this ETF demonstrates…
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…