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Tag: Ripple President

Ripple and HashKey DX Partner to Bring XRP Ledger Solutions to Japan’s Financial Market
30Apr By Onche Michael ONo Comments
Ripple News

Ripple and HashKey DX Partner to Bring XRP Ledger Solutions to Japan’s Financial Market

Financial technology leader Ripple has announced a strategic partnership with HashKey DX, the Tokyo-based arm of digital asset firm HashKey Group. This collaboration aims to introduce XRP Ledger (XRPL)-powered solutions to the Japanese market, with a particular focus on supply chain financing. XRPL to Facilitate Supply Chain Finance The partnership leverages Ripple's XRP Ledger, a decentralized blockchain technology that underpins the XRP cryptocurrency. Through XRPL, various solutions will be developed to enable the tokenization and exchange of both digital assets and real-world assets, streamlining supply chain finance processes. Read Also: SEC Counters Ripple's Motion to Strike Andrea Fox's Declaration SBI Ripple Asia to Play Key Role SBI Ripple Asia, a joint venture between fina...
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Crypto Lawsuits: Ripple and Coinbase Cases Headed for Supreme Court Showdown?
18Apr By Raliat IdrisNo Comments
Ripple News

Crypto Lawsuits: Ripple and Coinbase Cases Headed for Supreme Court Showdown?

The legal battles between the SEC and cryptocurrency companies like Ripple and potentially Coinbase could culminate in a landmark showdown at the U.S. Supreme Court, according to a former SEC litigator. The Heart of the Matter The core issue revolves around defining what constitutes security in the context of digital assets. Linda Steward, speaking at Columbia Business School, argued that the SEC's classification of token sales and offerings (like Ripple's XRP) as securities doesn't automatically categorize the tokens themselves as securities. Read Also: XRP Weathers Market Storm, Analyst Maintains Bullish Outlook https://twitter.com/CollinBrownXRP/status/1780563050937942232 Ripple's Ongoing Fight Ripple has been embroiled in a legal battle with the SEC for years, incurring hefty...
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Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up
17Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up

Confusion swirled around the Ripple vs. SEC lawsuit this week after rumours of a final pretrial conference were debunked by Ripple's Chief Legal Officer, Stuart Alderoty. The SEC originally filed suit against Ripple Labs, along with executives Brad Garlinghouse and Chris Larsen, in December 2020. The charges alleged Ripple sold XRP as an unregistered security, with the executives aiding and abetting the sales. However, the legal landscape shifted dramatically in July 2023. The court ruled that non-institutional sales of XRP did not constitute securities offerings, and an attempt by the SEC to appeal this decision was denied. Read Also: Terra Classic Network Targeted by Spam Transaction Attack https://twitter.com/s_alderoty/status/1780284889385902160 This recent court victory fo...
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Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst
15Jan By Daniel AbangNo Comments
Ripple News

Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst

The Ripple vs. SEC lawsuit, a saga that has gripped the cryptocurrency community for years, took a dramatic turn with a potential multi-billion dollar fine hanging over Ripple's head. Renowned crypto expert Zach Rector, in a recent YouTube analysis, laid out a worst-case scenario that could see the payments giant cough up a staggering $3 billion to the U.S. Securities and Exchange Commission (SEC). Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Disgorgement on the Horizon? At the heart of the potential penalty lies the regulatory question of whether XRP, Ripple's native token, constitutes an unregistered security. Rector argues that if Judge Analisa Torres rules in favour of the SEC on XRP's On-Demand Liquidity (ODL) sales being investment contract...
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SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims
12Jan By CryptolifedigitalNo Comments
Ripple News

SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims

The ongoing saga between the Securities and Exchange Commission (SEC) and Ripple Labs took a sharp turn this week as the SEC filed a motion in federal court demanding access to Ripple's financial statements for 2022-2023 and post-complaint contracts governing institutional XRP sales. This escalation suggests a new phase in the legal battle, potentially focusing on transactions after the initial lawsuit was filed in December 2020. Read Also: Terraform Labs Founder Do Kwon Fights Extradition, Delays US Trial https://twitter.com/FilanLaw/status/1745512272313606586 Key Points of the SEC's Motion Financial Statements: The SEC seeks Ripple's financial statements for the past two years, potentially aiming to assess the impact of post-complaint XRP sales on the company's finances. I...
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Ripple Secures VASP License in Ireland, Expanding Financial Operations
2Jan By OLAJIDE SAMUELNo Comments
Ripple News

Ripple Secures VASP License in Ireland, Expanding Financial Operations

In a significant development, Ripple has been granted yet another financial license, marking a strategic move further to enhance its capabilities in the digital asset space. The newly acquired VASP (Virtual Asset Service Provider) license, issued by the Central Bank of Ireland, opens the door for Ripple to engage in various financial activities, solidifying its position in the evolving blockchain and cryptocurrency landscape. Read Also: Shiba Inu Experiences Surge in Price Amidst Staggering Whale Transactions https://twitter.com/HighVibeAssets/status/1741984296225628286 The VASP license obtained by Ripple encompasses a spectrum of financial services, including: Transfer of Digital Assets: Ripple is now authorized to facilitate the seamless transfer of digital assets, providin...
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Ripple-SEC Lawsuit Update: Analyst Predicts Trial Delay, Highlights Regulatory Implications for XRP
22Dec By Daniel AbangNo Comments
Ripple News

Ripple-SEC Lawsuit Update: Analyst Predicts Trial Delay, Highlights Regulatory Implications for XRP

The protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to captivate the cryptocurrency world, with a recent update shedding light on the timeline and potential regulatory implications for XRP. While Ripple has secured several victories against the SEC, the lawsuit's impact on XRP, especially during the 2021 bull run, remains a critical concern for the crypto community. Read Also: Could Ripple's Bold Move of Burning Escrowed XRP Funds Ignite a Surge in XRP's Price? The lawsuit, initiated by the SEC in 2020, alleged that Ripple's sale of XRP constituted an unregistered securities offering, creating regulatory uncertainties for the broader digital asset space. As of 2023, Ripple stands at a 3-0 advantage against the SEC, with most comp...
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Ripple Celebrates 1 Year Anniversary with Over 500 Companies Leveraging XRP for Cross-Border Settlements
30Nov By Daniel AbangNo Comments
Ripple News

Ripple Celebrates 1 Year Anniversary with Over 500 Companies Leveraging XRP for Cross-Border Settlements

Ripple, a leading cryptocurrency payments firm, marked its one-year anniversary with a revelation of the widespread adoption of its payment solutions for cross-border settlements. The disclosure was made by Ripple's spokesperson during the Ripple Payment Roadshow hosted by the Australian Trade & Logistics Corporation (ATLC) in Melbourne. Ripple has been a pioneer in shaping the landscape of cross-border payments through its innovative solutions. During the event, it was emphasized Ripple's commitment to utility and highlighted the company's focus on providing tangible use cases for its technology. "Ripple believes in utility. Ripple has always taken that baseline technology, and we’ve said from the beginning that every technology needs a use case. For us, the very clear use case is ...
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National Bank of Georgia Selects Ripple Labs for Digital Lari (GEL) Pilot Project
3Nov By OLAJIDE SAMUELNo Comments
Ripple News

National Bank of Georgia Selects Ripple Labs for Digital Lari (GEL) Pilot Project

In a significant move in the world of central bank digital currencies (CBDCs), the National Bank of Georgia (NBG) has chosen Ripple Labs, a San Francisco-based blockchain company, as its technology partner for the digital Lari (GEL) pilot project. The partnership between NBG and Ripple Labs is poised to explore the potential use cases and advantages of Ripple's CBDC platform, indicating a significant step forward for both entities. Read Also: Terra Luna's Classic DynComm Module Sparks Price Surge as L1 Team Approves Dynamic Validator Commissions https://twitter.com/Ripple/status/1720142420497584585 Ripple's CBDC Platform Ripple's CBDC platform, launched in May 2023, is designed to facilitate the issuance, management, and transactions of CBDCs by governments and financial institutio...
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