Ripple News

It was a celebration gallon when the Coinbase exchange gained victory over the allegation laid against it for selling unregistered security to the customers and given this, the community of XRP got their hope alive, expecting the exchange to list XRP tokens again. According to reports, United States District Judge Paul Engelmayer dismissed a class action filed by Coinbase customers claiming the exchange sold unregistered securities to them. The customers also claimed that the prominent San Francisco-based exchange failed to register as a broker-dealer.  Read Also: London Lions Basketball Team Now Supports Shiba Inu The case, filed against Coinbase and its CEO Brian Armstrong, was dismissed yesterday by Judge Engelmayer. The United States District Judge tossed out the case because...

In the recent tweet shared by the XRP’s law expert, attorney John Deaton noted that the upcoming hearing between open-source content distribution company LBRY and the SEC is an  “incredibly important hearing for all crypto.” A Hearing For Crypto To Hold Soon Per the expert, the hearing was slated to take place on January 30 at 3 PM at the Warren B. Rudman United States Courthouse in New Hampshire. He reiterated that he filed an appearance and amicus curiae on behalf of tech journalist Naomi Brockwell in the upcoming hearing.  It bears mentioning that the Investors Choice Advocates Network also filed an amici curiae brief supporting LBRY in the lawsuit. According to attorney Deaton, LBRY and the amici are requesting that the Judge clarify that the company’s native token, LBC,...

The recent press release revealed the launching of an International Money Transfer Service in the United States. The launch implies that migrant workers and customers can leverage the service to move money to over 50 countries, including South Korea, China, the U.K., India, and France. According to the press release, the centre will help its users efficiently complete the transaction at a lower rate than existing money transfer services in the United States. Read Also: TerraCVita Launches Discounted Private Sale Of Its DEX Commenting on the development, Alex Seong-Ouk Choi, CEO of SentBe, said in a statement that migrant workers had widely adopted the company’s service across Asia. These migrant workers have recorded tremendous success using the service in Asia due to SentBe’s...

In a recent tweet shared by the Ripple General Counsel, Stuart Alderoty reacted to the SEC's claim filed against Ripple for defying its authority. Stuart said; “Even if true, this only shows that the SEC’s unelected bureaucrats believe they have unchecked power to issue indiscriminate closed-door edicts under pain of punishment to those who don’t blindly obey,” Alderoty further wrote. “We have crossed from regulation by enforcement to hubris most foul.” Read Also: Terra Classic Releases Proposal 11243 To Get LUNC Gas Fees Increased. Is It A Plus? https://twitter.com/s_alderoty/status/1610744821567655950 SEC's Claim Prompts Ripple Counsel's Response The statement by Ripple’s counsel came as a result of the FOX Business’ Charles Gasparino, who claimed that in the course of ...

In a recent tweet shared by Ripple’s chief, Brad Garlinghouse, saying that "Today is the first day of the 118th Congress, saying while prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023 is the year we will (finally!) see a breakthrough.” Brad Garlinghouse Anticipates Breakthrough In 2023 In the same premise, Brad Garlinghouse highlighted that Congress is not starting from scratch, as different groups have submitted bills covering different aspects of the emerging industry.  https://twitter.com/bgarlinghouse/status/1610352765129338880 He also agreed that no bill is all perfect, on this view, he warned saying that waiting for perfection could prove costly, as Singapore, the European Union, Brazil, and Japan have already ...

Attorney John Deaton recently revealed why it would be hard for the file a successful legal action against the United State Security and Exchange Commission and also stated what the XRP community would needs to do Attorney Deaton and the representative of over 75k amicus brief stated that the SEC would not be defeated for calling Ripple’s XRP security because the principle of separation of powers limits the power of the courts on its core functions like enforcement and legal action.  Read Also: Shytoshi Kusama, The SHIB Lead Developer, Hints On The Launch Of Shibarium. See What He Said Attorney Deaton Hints On what XRP Community Needs To do It is worth noting that attorney Deaton once filed a petition for a writ of mandamus he filed in January 2021.  The attorney explains ...