Brad Garlinghouse, the CEO of the blockchain company Ripple said in a later interview with Bloomberg that the SEC vs Ripple case is going well, and it is playing out. He mentioned that other parts of the US government called XRP a digital asset native to Ripple's technology stack, property, or...
According to Ripple CEO Brad Garlinghouse, the Russian authorities will not be able to use digital currencies to circumvent financial sanctions. Talks about the use of such tools in states under sanctions pressure have been going on over the past few years. For example, Iran has repeatedly stated...
The SEC vs Ripple lawsuit moves forward. US district judge Analisa Torres responded shortly "denied" to the SEC's request to file a Sur Sur-Reply. The purpose of the request was to cite a prior Court ruling from a different circuit striking an entirely different defense. In legal terms,...
According to the judge's decision, Ripple unveiled legal advice documents that it had requested by law firm Perkins Coie LLP. Ripple former chief executive Chris Larsen applied to the law firm, which delivered two memos in February and October 2012. In February, Perkins Coie recommended Ripple...
Cryptocurrency company Ripple, which includes a payment system and many other platforms, recently shared its vision for the near future of the digital space. The company's management is confident that in 2022 the number of participants in the digital asset market will rapidly increase. In addition,...
According to a ruling by U.S. District Judge Analisa Torres, the advice Ripple got from a law firm in 2012 on whether XRP is a security or not, must be unveiled by February 17. The question plays an important role in the lawsuit, as the SEC accuses Ripple's executives of implementing an ulisted...
Ripple continues to grow with its valuation hit $15 billion after buying back its Series C shares from investors. The CEO of the company, Brad Garlinghouse announced that despite the ongoing case, Ripple’s financial position is the strongest ever. Excited to announce @Ripple bought back our...
As per a recent decision by the US Magistrate Judge Sarah Netburn, the SEC will disclose emails related to a speech, in which an ex-official William Hinman stated that Eth isn't a security in 2018. Then, he said that the cryptocurrency is decentralized enough. This speech plays a major role in the...
A year ago, on December 22, the US Securities and Exchange Commission (SEC) started a lawsuit against the blockchain company Ripple and its executives Chris Larsen, and Brad Garlinghouse. The regulator says XRP, the native crypto of Ripple, is unregistered security, and Ripple Labs wasn't allowed...
One of the most crucial events in the crypto industry, the lawsuit between the SEC and Ripple continues. On Dec. 10, the parties filed a motion, requesting from the Court to extend the deadline of an expert discovery by three days. For now, the discovery is set to close on January 14, 2022. In the...
During his recent interview on CNBC, Ripple CEO Brad Garlinghouse talked about inflation, crypto regulations, the dispute with the SEC, and what future developments he expects. The entrepreneur says currently the US sees inflation which it hasn't seen for decades. Being concerned to hold fiat...
John Deaton, the owner of the Deaton Law Firm, tweeted on the SEC against Ripple lawsuit, presenting records from the court. The case, started in December 2020, with the regulatory authority accusing Ripple Labs of the XRP token sale, saying it was unregistered security, takes new turns. During...
Blockchain-based payment protocol that developed the XRP coin, Ripple, published its vision of how the crypto industry must be regulated. The team sees the necessity to build a new regulatory system. In the release titled "A Real Approach to Cryptocurrency Regulation", the firm says the...
Digital Pound Foundation, a separate forum engaged in the development of the U.K's central bank digital currency (CBDC) announced its launch today (October 14). The DPF is formed by tech, innovation, and regulation specialists. Its Chair is Jeremy Wilson, former Vice President of London-based...
The SEC against Ripple lawsuit continues. On October 4, U.S. District Judge Analisa Torres announced that XRP token holders can’t take part in the suit as defendants. At any rate, they can assist as amicus curiae, a friend of the court to provide their opinions on legal questions. Token owners...
Ripple Labs, the blockchain company standing behind the development of XRP cryptocurrency, initiated a $250 M fund to encourage creators of NFTs. The firm said on Sept. 29, that Creator Fund will encourage NFT originators by supporting financially, technically and promotions. Digital artists and...
In the last 24 hours, the price of XRP went up by around 5%, reaching $1.32. The surge happens, while the SEC vs Ripple case continues. The latest update of the lawsuit is that US magistrate judge Sarah Netburn ordered Ripple to handle 1 million missing Slack messages among employees that the...
On July 27, payments network Ripple standing behind the development of the cryptocurrency XRP revealed cooperation with Japan's leading money transfer operator SBI and its subsidiary SBI VC Trade to carry out currency exchanges from Japan to the Philippines. Ripple will set an On-Demand Liquidity...