Ripple, SEC back in the ring, due to a Court of Appeals decision in a separate lawsuit

Those following the SEC vs Ripple Labs lawsuit might have expected radio silence for the rest of the year, after the court pushed the discovery deadline to 14 January 2022.

Ripple CEO Brad Garlinghouse Says He Wouldn’t Hold Dogecoin – Here’s Why

The chief executive of Ripple Labs is outlining his reasons for not holding the meme asset Dogecoin (DOGE).

Brad Garlinghouse Predicts Ripple-SEC Feud to End by 2022

The ongoing court case between the United States Securities and Exchange Commission and blockchain payments firm Ripple Labs Inc is likely to close next year, drawing on the optimism of the firm’s CEO, Brad Garlinghouse.

'If you call XRP the banker coin, then Bitcoin's the drug dealer coin'

The United States Securities and Exchange Commission's lawsuit against Ripple Labs revealed several facets of the regulatory body's approach towards cryptocurrencies.

RippleX exec says ODL is 'killer value proposition to Ripple Net'

Despite the ongoing SEC vs Ripple Labs lawsuit and the market experiencing a dip, Ripple has been making waves in crypto news.

Ripple 'guilty of fraud,' but not securities law violations: Messari's Selkis

Ripple Labs has been fighting the United States Securities and Exchange Commission (SEC) in an ugly court battle for almost a year now.

Ripple Launches New Product That Allows Financial Service Firms To Offer Crypto Trading

Ripple Labs is moving towards a “crypto-first future” with a new product allowing traditional financial institutions to offer cryptocurrency services to their customers.

XRP lawsuit: Will court's order to Ripple give the SEC 'some bullets for its gun'

The ever-lasting lawsuit between the United States Securities and Exchange Commission (SEC), and blockchain company, Ripple Labs (the defendant) continues to take new turns.

Ripple Executives Call on Congress for Clear Crypto Guidelines As SEC’s XRP Lawsuit Rolls On

Top executives at Ripple Labs are calling upon Congress to create transparent crypto regulations as Ripple’s legal battle over XRP with the US Securities and Exchange Commission (SEC) continues.

XRP Lawsuit: SEC's course of action will have this effect

Many investors hoping for a speedy resolution in the SEC vs Ripple Labs lawsuit were disappointed as the court granted the SEC's request to push the discovery deadline to 14 January 2022. One such The post XRP Lawsuit: SEC's course of action will have this effect appeared first on AMBCrypto.

Ripple Reports Massive Sales Growth in Q3 Riding on Crypto Price Surge

Blockchain payments firm, Ripple Labs Inc has announced its sales record for the fiscal third quarter which comes in at $491.74 million.

XRP Lawsuit: Court grants Ripple's motion to seal 'privilege logs'

In its Q3 market performance report, Ripple discussed the SEC vs Ripple Labs lawsuit.

Ripple’s Q3 report, 2021 discusses this 'unprecedented' development about XRP

In order to make informed investment decisions, XRP investors need to consider the SEC vs Ripple Labs lawsuit in America, as well as the blockchain company’s activities in foreign markets. Ripple'sThe post Ripple’s Q3 report, 2021 discusses this 'unprecedented' development about XRP appeared first on AMBCrypto.

Ripple Tackles $78 Billion Remittance Industry in Middle East Using New XRP-Based On-Demand Liquidity Program

While clashing in court with US regulators, Ripple Labs continues to launch its XRP-powered cross-border payment product, On-Demand Liquidity (ODL), in new regions of the world.

Ripple teams up with Pyypl to deploy ODL in UAE, Middle East

With the SEC's lawsuit against Ripple Labs now confirmed to stretch to 2022, the San Francisco-based blockchain company seems to be in hot water at home.

SEC v. Ripple: More back and forth over 'highly relevant' additional docs

XRP holders and court watchers tracking the SEC vs Ripple Labs lawsuit will soon have to pull out their 2022 diaries.

Here's Ripple CEO's take on firm's 'record year,' despite SEC's 'headwinds'

Ripple Labs has been entangled in a lawsuit with the United States Securities and Exchange Commission for almost a year now.

SEC v. Ripple Labs: Court pushes discovery deadline to January 2022

The Securities and Exchange Commission's request to extend the deadline to complete Discovery in the lawsuit against Ripple Labs and its execs has been granted. According to documents shared by @CrThe post SEC v.

SEC v. Ripple: More than 50,000 XRP holders and 'friends' want to...

The SEC v. Ripple Labs lawsuit is soon to enter mid-fall.

SEC Requests Court To Extend Discovery Phase of Lawsuit With Ripple for Two Months

The US Securities and Exchange Commission (SEC) is requesting that the court extend the discovery phase of its lawsuit against Ripple Labs by an additional two months, according to new case documents.

XRP Lawsuit: Ripple says discovery deadline extension would be 'severely prejudicial'

The lawsuit filed by the United States Securities and Exchange Commission (SEC), against blockchain company, Ripple Labs for selling unregistered securities is inching closer to being a year old whileThe post XRP Lawsuit: Ripple says discovery deadline extension would be 'severely prejudicial' appeared first on AMBCrypto.

SEC v. Ripple Labs: Agency opposes motion to seal documents citing 'influence'

The SEC v. Ripple Labs lawsuit is in the news today after yet another crucial development.

Ripple opposes SEC's request to avoid responding to RFAs

The SEC v. Ripple Labs case is showing no signs of ending anytime soon.

Ripple Labs Breathes Sigh of Relief as Federal Judge Wants XRP Token Holders to Present their Views

US district judge Analisa Torres has finally rejected the SEC’s appeal against letting XRP holders intervene in the ongoing legal case.

SEC v. Ripple - With new 'friends of the court' status, what next for XRP holders

The ongoing legal battle between blockchain firm Ripple Labs and the United States Securities and Exchange Commission has taken yet another turn. According to the latest update in the case, US DisThe post SEC v.

Qatari National Bank to Explore Cross-Border Payment Solutions With Ripple

The Qatari National Bank (QNB) is set to launch a cross-border payment solution, powered by blockchain payments firm Ripple Labs Inc. (Read More)

After Ripple's 'flawed' search, SEC wants more recordings of internal meetings

SEC v. Ripple Labs has seen a flurry of letters filed with the court by both the agency and the San Francisco-based blockchain company.

Here's what these XRP holders want to do 'because Ripple's not going to do it'

The SEC v. Ripple Labs lawsuit is now into the final quarter of 2021, despite rumors of a settlement.

Ripple Floats $250M Fund to Power NFT Creativity on the XRP Ledger

Ripple Labs Inc has launched a $250 million fund designated to help power the growth and development of Non-Fungible Tokens (NFTs) amongst creators.

Ripple launches $250M fund for NFT creators

“We believe NFTs embody the promise of tokenization and represent a tipping point for its embrace by the mainstream,” said Ripple. Ripple Labs is launching a fund for creators, marketplaces and brands to explore new use cases for nonfungible tokens, or NFTs, on its ledger.In a Wednesday announcement, Ripple said the $250 million fund would be focused on accelerating adoption in the crypto space by working with nonfungible tokens, or NFTs.

Ripple Labs to Provide Infrastructure for Establishing Bhutan’s Digital Ngultrum

Bhutan has tapped the services of blockchain payments firms Ripple Labs Inc to design its Central Bank Digital Currency (CBDC), the Digital Ngultrum.

Ripple is helping Bhutan pilot a CBDC

The company claimed its CBDC solution would allow Bhutan's central bank to deploy a digital ngultrum "without compromising financial stability or monetary policy objectives.” The Royal Monetary Authority of Bhutan is partnering with Ripple to pilot a central bank digital currency in the mountainous kingdom.In a Wednesday announcement, Ripple Labs said Bhutan’s central bank would be taking advantage of the company’s private ledger to issue and manage a digital ngultrum.

The 'if and when' of XRP making it to $1.5

Owing to the lawsuit developments, XRP and Ripple Labs have consistently been in the news over the past few months.

Why Ripple thinks the SEC's response is 'non-responsive to this dispute'

The ongoing SEC v. Ripple Labs lawsuit continues to take interesting turns, with a host of documents right at the center of it all.

SBI-acquired TaoTao exchange in Japan relists XRP

Even though XRP's status is under SEC's scrutiny in the United States, the asset was embraced by Ripple Labs' major partner, the SBI Group located in Japan.

XRP Lawsuit: Ripple accuses SEC of 'ill-conceived motion practice'

The constant back and forth between the United States SEC and Ripple Labs is set to go on for a while.

Judge orders Ripple to hand over 1 million Slack messages to the SEC

Ripple is now required to produce terabytes of Slack messages to the SEC which were previously withheld due to an apparent data error. US Magistrate Judge Sarah Netburn has ordered Ripple to produce one million missing Slack messages between employees which the Securities and Exchange Commission (SEC) has sought to access. Despite Ripple’s protestations that complying would cost up to $1 million, the judge deemed the messages critical and unique evidence for the SEC’s ongoing case against the multi-billion dollar company for selling unregistered securities.The SEC filed suit against Ripple Labs and its initial and current CEOs, Christian Larsen and Bradley Garlinghouse for selling XRP as an unregistered security in December 20.According to Law360, in the original motion to compel Ripple from August 9, the SEC argued that the messages between Ripple employees were “relevant to the parties’ claims and defenses and proportional to the needs of the case.” It also said that Ripple should deliver all messages from 22 email custodians in addition to the Slack messages:Last month, the SEC told Judge Netburn that the Slack messages which Ripple produced appeared to be incomplete.

XRP lawsuit: SEC scores point after Court orders Ripple to produce more Slack texts

In what is the latest development in the legal battle between the United States SEC and Ripple Labs, the former seems to have finally scored a minor victory. Judge Sarah Netburn has ordered Ripple The post XRP lawsuit: SEC scores point after Court orders Ripple to produce more Slack texts appeared first on AMBCrypto.

Japan's Rakuten Wallet to resume XRP margin trading next week

While Ripple Labs and XRP continue to face scrutiny in the US, other countries and agencies might soon look at the latter more favorably.

SEC v. Ripple - Here's what to expect from this 'friend of the court'

The ongoing SEC v. Ripple Labs lawsuit may soon see Attorney Lilya Tessler of Sidley Austin LLP as Amicus Curiae on behalf of the Chamber of Digital Commerce.

XRP Lawsuit: All you need to know about Ripple's Howey Test curveball

The legal battle between the United States Securities and Exchange Commission [SEC] and Ripple Labs is unlikely to end anytime soon.

XRP lawsuit outcome may depend on this 'when and if' scenario

Ripple Labs' legal battle with the US Securities and Exchange Commission (SEC) seems to evolve with every motion filed.

XRP Lawsuit: With this latest move 'now we see a major part of the SEC's strategy'

The United States Securities and Exchange Commission's lawsuit against Ripple Labs, saw new development and is currently trending in the news again. Securities and Exchange Commission (SEC) attorneThe post XRP Lawsuit: With this latest move 'now we see a major part of the SEC's strategy' appeared first on AMBCrypto.

XRP lawsuit: Judge grants Ripple CEO's motion to obtain docs from Binance

The United States Securities and Exchange Commission's lawsuit against Ripple Labs saw a recent development after US Magistrate Judge Sarah Netburn granted Ripple CEO Brad Garlinghouse's motions to The post XRP lawsuit: Judge grants Ripple CEO's motion to obtain docs from Binance appeared first on AMBCrypto.

Brad Garlinghouse's lawyers file request for Binance documents in 'international' challenge to SEC lawsuit

"The offers and sales that the SEC challenges did not occur in this country and are not subject to the law that the SEC has invoked in this case," said the legal team. The lawsuit between Ripple Labs and the US Securities and Exchange Commission, or SEC, now involves major crypto exchange Binance after a recent filing on behalf of Ripple CEO Brad Garlinghouse.According to court documents filed in the Southern District of New York on Monday, Garlinghouse’s legal team has requested documents “relevant to the case and unobtainable through other means” from Binance Holdings Limited, the Cayman Islands-based subsidiary of the major cryptocurrency exchange.

Ripple, Binance, BitMEX - Why this exec thinks there's 'zero value' to regulatory actions

The SEC v. Ripple Labs lawsuit has been in the spotlight often over the last few months.

XRP Volume Soars Nearly 100% in Q2 2021 Amid Crypto Volatility: Ripple Report

Digital payments firm Ripple Labs is reporting that XRP’s trading volume soared in the second financial quarter of 2021 as the crypto market met some turbulence.

XRP Lawsuit: Will the SEC taking on its own commissioners' statements backfire

The feud between the United States SEC and San Francisco-based fintech firm Ripple Labs continues to show no signs of stalling.

XRP Lawsuit update: Is the SEC dodging the issue with its latest response

Back in December, the Securities and Exchange Commission sued Ripple Labs, its founder and executive chairman Chris Larsen, and CEO Brad Garlinghouse, accusing the company of raising $1.3 billion via The post XRP Lawsuit update: Is the SEC dodging the issue with its latest response appeared first on AMBCrypto.

XRP Lawsuit update: Ripple, SEC finally come to an 'understanding,' but why?

Ripple Labs and the United States Securities and Exchange Commission [SEC] have arrived at an "understanding" as far as the upcoming Hinman deposition is concerned.

XRP lawsuit update: Hinman deposition to go ahead, but here's the caveat

Ripple Labs is in the news today after the blockchain firm won yet another battle against the US Securities and Exchange Commission [SEC] on Thursday.

Ripple-SEC lawsuit: 'XRP Holders deserve to know this should Hinman testify'

The ongoing lawsuit filed by the United States SEC against Ripple Labs and its execs has been waging since December.

XRP lawsuit update: Is this development truly 'bad' for Ripple?

The SEC v. Ripple Labs case has taken a new turn.

XRP Ripple effect: Is this the best way to keep the SEC in check?

SEC v. Ripple Labs, the "cryptocurrency trial of the century," has spurred a debate among many on the need for regulatory clarity on the part of government agencies like the SEC, FinCen, and the CFTC.The post XRP Ripple effect: Is this the best way to keep the SEC in check? appeared first on AMBCrypto.

XRP lawsuit update: What 'juicy details' does Ripple's latest salvo have?

The SEC v. Ripple Labs lawsuit has gained a lot of traction of late, with news of former SEC official William Hinman's entanglement spurring a lot of interest in the case.

Tight-lipped about XRP lawsuit, but here's what Schwartz did have to say

Discussions around the United States SEC's lawsuit against Ripple Labs have been dominated by a host of motions and replies and counter-motions filed by both parties.

XRP lawsuit: What does the opposition to Hinman's deposition say about the SEC?

The discovery phase in the ongoing lawsuit between the SEC and Ripple Labs has already extended itself.

SEC accuses XRP Army of issuing 'false statements' against its leadership on social media

The commission argued that Ripple’s motion, if granted, would open the floodgates for the company to request testimony from high-ranking government officials. The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements.In a Thursday motion addressed to Judge Sarah Netburn in the Southern District of New York, the SEC has requested a conference to discuss quashing the motion from Ripple to subpoena the former director of the regulatory body’s division of corporation finance, William Hinman.

It is really in Ripple's best interest to 'behave' because...

Ripple Labs, its executives, and XRP have consistently been on the radar over the past six months, primarily because of the ongoing lawsuit against the US Securities and Exchange Commission.

Why is Ripple waiting on the XRP Ledger community's 'appetite?'

The XRP community has been kept on its toes this year owing to a series of updates and developments in the ongoing case between the United States SEC and Ripple Labs.

Is the SEC really confident it has a case against Ripple?

It's been almost six months since the United States Securities and Exchange Commission first charged Ripple Labs with illegal securities offerings.

Bitcoin and Ethereum - After XRP, could these cryptos be on the SEC's hit list?

The United States Securities and Exchange Commission's lawsuit against Ripple Labs and its execs has had far-reaching implications, not only for the San Francisco-based blockchain firm and XRP but forThe post Bitcoin and Ethereum - After XRP, could these cryptos be on the SEC's hit list? appeared first on AMBCrypto.

Ripple might prove most of XRP sales were offshore; Then what?

It would seem that no other day is complete without a major development in the ongoing case between Ripple Labs and the SEC.

XRP lawsuit update: Did the court just deliver 'a big blow' to the SEC's case?

The court has provided back-to-back rulings over the past 24 hours in the ongoing legal battle between Ripple Labs, its execs, and the United States Securities and Exchange Commission. Granted, DenThe post XRP lawsuit update: Did the court just deliver 'a big blow' to the SEC's case? appeared first on AMBCrypto.

XRP lawsuit: Court's latest ruling means the case is going to end... here's when?

Over the past few months, ever since the United States Securities and Exchange Commission first filed charges against Ripple Labs, "small victories" have been hard to come by for the regulatory agencyThe post XRP lawsuit: Court's latest ruling means the case is going to end...

Ripple execs file new motion - What does it mean for their XRP sales contention?

The ongoing lawsuit filed by the SEC against Ripple Labs and its execs is showing no signs of slowing down or ending anytime soon.

XRP lawsuit: Even if Ripple wins this motion, it won't mean...

It has been more than 171 days since the United States Securities and Exchange Commission outrightly confronted XRP and Ripple Labs by thrusting a lawsuit upon them.

What might a settlement in the XRP lawsuit look like?

Despite a wave of motions and replies over the last few weeks, talks of a settlement between Ripple Labs, its execs, and the United States Securities and Exchange Commission are never far away.

XRP lawsuit: Is the SEC 'triply wrong' about its latest filing?

The ongoing lawsuit filed by the United States Securities and Exchange Commission against Ripple Labs is very busy as it is, with a host of motions and oppositions and replies flooding the court over The post XRP lawsuit: Is the SEC 'triply wrong' about its latest filing? appeared first on AMBCrypto.

XRP lawsuit: Why is SEC accusing Ripple of 'trying to have its cake and eat it too'?

While talks of a settlement have only gained steam over the past few weeks, the fact of the matter is that the lawsuit filed by the SEC against Ripple Labs is a long way from resolving itself.

XRP Price Analysis: 06 June

When the US SEC first announced a lawsuit against Ripple Labs Inc.

XRP lawsuit: With this move, what is Ripple trying to accomplish?

With the US Securities and Exchange Commission [SEC] seeking a 60-day discovery extension in the ongoing case against Ripple Labs and its execs, the individual defendants in the said case have now mThe post XRP lawsuit: With this move, what is Ripple trying to accomplish? appeared first on AMBCrypto.

XRP lawsuit: If Ripple's Fair Notice defense 'survives,' what does that mean for the SEC?

In the month of December last year, the SEC filed a lawsuit against Ripple Labs for allegedly selling unregistered securities.

XRP lawsuit update: SEC calls out Ripple's 'overboard' blanket sealing request

The SEC and Ripple Labs have been replying to each other’s motions and letters in quick succession over the past few days.

XRP lawsuit update: SEC claims Ripple's 'fair notice' defense fails 'as matter of law'

After the SEC requested the court for "additional discovery" a couple of days back, many in the community are expecting Ripple Labs and the regulatory body to come to a settlement soon.

XRP lawsuit: Now, SEC wants Ripple to produce these XRP-related docs

It would seem that every other day has a major development around the corner in the ongoing case between the United States Securities and Exchange Commission and Ripple Labs.

XRP lawsuit: Does Ripple's 'state of mind' even matter?

The ongoing lawsuit filed by the United States SEC against Ripple Labs and its execs Garlinghouse and Larsen has been hotly contested over the past few weeks and months, with each of the parties throwThe post XRP lawsuit: Does Ripple's 'state of mind' even matter? appeared first on AMBCrypto.

Another XRP lawsuit update: SEC accuses Ripple of 'misstating' fairness doctrine

The legal advice received by Ripple Labs has become one of the contentious issues of the ongoing SEC v.

SEC, Ripple, XRP Lawsuit update: This is 'something obviously the SEC does NOT want to see happen'

The ongoing case between the United States SEC and Ripple Labs was already seeing a lot of back and forth before John Deaton and XRP Holders filed a motion to intervene.

Here's what the SEC thinks about Ripple's support for XRP Holders' 'limited participation'

In what is the latest salvo in the relentless legal battle between the United States SEC and Ripple Labs, the plaintiffs have now responded to the defendants' reply to Attorney John Deaton and XRP HolThe post Here's what the SEC thinks about Ripple's support for XRP Holders' 'limited participation' appeared first on AMBCrypto.

XRP Holders accuse SEC of contradictions on issue of XRP secondary market sales

The last few weeks and months have been a disappointment to everyone who expected the lawsuit between the United States SEC and Ripple Labs to wither away.

XRP Lawsuit ramifications: Is the SEC hurting the same community it vows to protect?

The United States Securities and Exchange Commission’s decision to file a lawsuit against Ripple Labs has had a big impact.

XRP lawsuit: SEC accuses Ripple of 'selectively denying' access to 'Fair Notice' docs

While many in the community are expecting Ripple Labs and the SEC to come to a settlement soon thanks to the latter being led by "crypto-friendly" Gary Gensler, it would seem that the lawsuit itself i The post XRP lawsuit: SEC accuses Ripple of 'selectively denying' access to 'Fair Notice' docs appeared first on AMBCrypto.

Here's what XRP holders should know about possible sanctions in the Ripple-SEC case

Attorney John Deaton's filing of a motion to intervene two weeks ago was a spanner in the works for many who expected the ongoing lawsuit between the United States SEC and Ripple Labs to be a straight The post Here's what XRP holders should know about possible sanctions in the Ripple-SEC case appeared first on AMBCrypto.

XRP, SEC, Ripple lawsuit: What does this latest bone of contention mean for the parties involved?

When the SEC charged Ripple Labs and its executives of illegal securities offerings back in December, there were many who expected the lawsuit to be wrapped up within a few months.

XRP lawsuit: Ripple supports XRP Holders' motion to intervene, but here's the caveat

Just over two weeks after Attorney John Deaton filed a motion to intervene on behalf of XRP holders in the ongoing case between the United States Securities and Exchange Commission and Ripple Labs, th The post XRP lawsuit: Ripple supports XRP Holders' motion to intervene, but here's the caveat appeared first on AMBCrypto.

How is the XRP lawsuit going?

The ongoing conflict between the United States of America's leading regulatory watchdogs, the SEC, and the San Francisco-based Ripple Labs, has left many frustrated.

XRP lawsuit update: SEC hits back at Ripple's 'incredibly burdensome' argument

With American regulators being accused of thrusting their personal policy preferences on crypto-entities, the SEC's lawsuit against Ripple Labs has proven to be quite a ride for both parties since it The post XRP lawsuit update: SEC hits back at Ripple's 'incredibly burdensome' argument appeared first on AMBCrypto.

XRP’s legal battles don’t matter? When will Ripple labs go public?

Post Coinbase’s ‘successful’ listing, industry experts seem to be guessing the next crypto player to go public - from Kraken to Ripple Labs, the rumor mill is abuzz.

XRP lawsuit update: Ripple accuses SEC of ignoring Court’s ‘unambiguous directive’

In what is the latest salvo to be fired in the ongoing case between the United States Securities and Exchange Commission and Ripple Labs and its execs, the latter parties have now responded to the SEC The post XRP lawsuit update: Ripple accuses SEC of ignoring Court’s ‘unambiguous directive’ appeared first on AMBCrypto.

XRP lawsuit: Here's Ripple CEO's take on what was the 'most consequential' lawsuit development

The SEC's lawsuit against Ripple Labs and two of its execs has made headlines since it was first filed back in December.

Ripple: Here's the 'good news' since the XRP lawsuit was first filed

The SEC's lawsuit against Ripple Labs and execs Brad Garlinghouse and Chris Larsen has been a game-changer in many ways.

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW).

SEC Accusing Ripple of Harassment As XRP Lawsuit Drama Escalates

The US Securities and Exchange Commission (SEC) is accusing Ripple Labs of harassment, requesting that the court limit the payment giant’s access to internal SEC documents.

Here's what Ripple's CEO has to say about possible support for NFTs

During a recent edition of the ‘Collision’ conference, Brad Garlinghouse, CEO of Ripple Labs, made his bullish position on cryptos evident and pointed out three key takeaways that encapsulated wha The post Here's what Ripple's CEO has to say about possible support for NFTs appeared first on AMBCrypto.

Why XRP Holders Could Be Key In Lawsuit Against Ripple Labs

Former federal prosecutor James K.

XRP lawsuit: Yet another plot twist in SEC vs. Ripple case

There has been yet another development in the ongoing lawsuit filed by the US Securities and Exchange Commission against Ripple Labs.

How The XRP Community Reply To The SEC’s “Shady” Move

The Securities and Exchange Commission (SEC) lawsuit against Ripple Labs, and executives Brad Garlinghouse and Chris Larsen seem to have taken a weird turn.

US isn't prepared to regulate new industries like crypto, says Ripple CTO

"My number one recommendation to US regulators is: look at the rest of the world and don’t get out of step," David Schwartz said in an exclusive interview with Cointelegraph. David Schwartz, chief technology officer at Ripple Labs, says US regulators’ response to the crypto industry may help XRP in the end but is also likely to hurt burgeoning companies. The Ripple CTO told Cointelegraph he believed many crypto and blockchain firms considering getting started in the United States or relocating from abroad face a deterring regulatory environment.

You don’t own me: XRP price surge defies SEC’s clamp-down on crypto

Since the start of April, the surge in price of XRP has been backed by high tweet volumes, which approached relative highs. After the United States Securities and Exchange Commission initiated a lawsuit against Ripple alleging that the firm had been indulging in the sale of securities worth $1.3 billion, a number of prominent exchanges across the globe (including Coinbase, Kraken, OKCoin) proceeded to delist Ripple’s native cryptocurrency, XRP, from their platforms.  As a result, many across the globe thought it was just a matter of time before the once-promising project died a slow-but-sure death; however, it seems that XRP has been on a tear ever since the bad news dropped, with the cryptocurrency’s value having risen by over 100% since the start of April — currently trading at around $1.03. Back in December 2020, the SEC filed a lawsuit against Ripple Labs, its CEO, Brad Garlinghouse, and chairman, Christian Larsen, alleging that they had participated in an “unlicensed security offering” back in August 2013.