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Ripple chief legal officer Stuart Alderoty thinks Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), should recuse himself from voting on future crypto enforcement cases. Gensler has recently made claims that all crypto assets besides Bitcoin (BTC) are securities, with promoters trying to bypass US regulators and investors expecting profits. Alderoty […]
XRP Ledger (XRPL) developers have unveiled a new proposal for a cross-chain bridge they say would expand the blockchain’s functionality. Ripple software engineer Mayukha Vadari published the GitHub proposal and linked to it on Twitter. We just published an official XRPL Standards spec for cross-chain bridges! Check it out and let me know if you […]
Deep-pocketed whales are abruptly moving more than $790,000,000 worth of Dogecoin (DOGE), XRP, Ethereum (ETH) and Bitcoin (BTC) within the last 24 hours. According to blockchain tracker Whale Alert, an unknown wallet transferred 60,329,057 Dogecoin to crypto exchange Coinbase, which was worth $5.1 million at the time. Next, Whale Alert highlights four separate XRP transactions totaling […]
XRP co-creator and CTO of Ripple, David Schwartz, just posted a cryptic message on Twitter. The note appears to address the U.S. Securities and Exchange Commission’s lawsuit against Ripple, which alleges the company sold XRP as an unregistered security for years. In his message, Schwartz takes a bird’s-eye view of Ripple’s journey to this point […]
A journalist is arguing to have critical documents released in the contentious legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Forbes senior contributor Roslyn Layton, represented by her attorney J. Carl Cecere, filed a motion with District Judge Analisa Torres to release the Hinman files to the public. The SEC […]
The chief executive of payments firm Ripple Labs says that the US badly needs leadership in crypto regulation. According to Brad Garlinghouse, the US is falling behind other nations when it comes to providing clear crypto guidelines for the industry. Pointing to the governments of Australia, the United Kingdom, the United Arab Emirates, South Korea […]
Attorney and XRP supporter John Deaton plans to hop in the middle of another lawsuit against San Francisco payments company Ripple Labs. Deaton plans to file a motion that would enable him to submit amicus brief in the lawsuit Zakinov v. Ripple Labs in California. The case is the consolidation of two separate legal disputes, […]
After moving huge amounts of Bitcoin (BTC) and (ETH) over the weekend, crypto whales are now shifting millions in XRP and the metaverse project The Sandbox (SAND). The crypto whale tracker Whale Alert has spotted four massive XRP transactions in the last 24-hours, moving a total of $126 million. The single largest transfer moved 205,500,000 XRP […]
Ripple is issuing an update on the lawsuit filed by the U.S. Securities and Exchange Commission alleging that the payments company sold XRP as an unregistered security. In its 2022 fourth quarter report, Ripple says that it expects a ruling this year and is “more confident” than ever ahead of the judgment to be made. […]
San Francisco payments company Ripple is teaming up with the Central Bank of Montenegro to work on a novel digital currency pilot program. Montenegro Prime Minister Dr. Dritan Abazovic says that his country’s central bank has launched a pilot project with Ripple to build the first digital currency or stablecoin for the country. Dr. Abazovic […]
