Ripple CEO optimistic about US โ€˜regulatory clarity for cryptoโ€™

Ripple’s CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread that he’s โ€œcautiously optimisticโ€ about the United States gaining โ€œbreakthroughโ€ regulatory clarity for the cryptocurrency industry in 2023. To mark the first day of the 118th Congress, Garlinghouse shared his hopes of 2023 being the year the U.S. gained regulatory clarity for crypto, adding that support for regulation is โ€œbipartisan & bicameral.โ€ Today is the first day of the 118th Congress. While prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that…

IS CRYPTOCURRENCY REALLY BANNED?

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SEC seeks to keep Hinman documents hidden in Ripple case

The United States Securities and Exchange Commission (SEC) has requested to seal the infamous Hinman Speech documents, claiming that they are not relevant to the courtโ€™s summary judgment decision. The Motion to Seal Summary Judgment Document was filed by the SEC on Dec. 22, requesting the sealing of various information and documents, most notably the Hinman Speech documents. The Hinman Speech documents refer to the speech given by former SEC Corporation Finance Division Director William Hinman at the Yahoo Finance All Markets Summit in June 2018, where he reportedly stated…

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Ripple CEO Brad Garlinghouse Criticizes โ€˜Double Standardโ€™ in Wells Fargo Fine Case Compared to FTX Crash

The CEO of Ripple recently suggested that Wells Fargo did not receive the โ€˜FTX treatmentโ€™ despite exploiting its customers.ย  Rippleย CEOย Brad Garlinghouseย recently likened the recentย Wells Fargoย fund management fiasco to the collapse ofย FTX.ย However, Garlinghouse disapproved of what he perceived as a hypocritical reaction to Wells Fargoโ€™s case. According to the Ripple CEO, the leading American bankโ€™s $3.7 billion fine for mismanaging customersโ€™ interests was on the same scale as FTXโ€™s monumental fall. However, Garlinghouse says the outrage directed at Wells Fargo turned out to be barely noticeable compared to the sunken crypto…

Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse

Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse has tried to turn the publicโ€™s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fine for mismanagement at Wells Fargo bank was treated as, in Garlinghouseโ€™s words, โ€œbarely a blip on the radar.โ€ Ripple CEO expressed his concern with the lack of public attention to the Wells Fargo case in his tweet on Dec. 21: The world is (appropriately) outraged by SBF and FTX’s fraud, but when Wells Fargo mismanages billions in…

Understanding the Settlement between Ripple (XRP) and SEC

XRP is a cryptocurrency that was created in 2012 by the company Ripple Labs. It is used as a means of exchange and a store of value, and it is designed to facilitate cross-border payments and currency exchange. The Securities and Exchange Commission (SEC) is a U.S. government agency that is responsible for regulating the securities industry and protecting investors. The SEC has the authority to take enforcement action against individuals or companies that engage in securities fraud or other illegal activities. In this article, we will explain the settlement…

๐Ÿš€ XRP IS MOONING RIGHT NOW! HERE IS WHY! IMPORTANT CRYPTO MARKET UPDATE… XRP NEWS TODAY

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Is Ripple poised to settle with SEC this week? Crypto Twitter weighs in

Rumors continue to swirl suggesting the two-year legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) may be coming to an end as early as this week, prompting the crypto community to weigh in on the matter.ย  Speculation about the potential settlement appears to have come from a Dec. 10 ask-me-anything (AMA) with Cardano founder Charles Hoskinson, who said he had heard rumors that the case would be settled on Dec. 15. In the days since, there’s been plenty of commentary from the community โ€”ย …