Tag: Ripple

Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity

Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission (SEC) over its XRP (XRP) token. In a wide-ranging interview with Cointelegraph at Money 20/20 in Amsterdam, Sendi Young, Ripple’s managing director for Europe and the United Kingdom, unpacked the firm’s growing remit worldwide, despite ongoing regulatory scrutiny in the United States. Cryptocurrency exchanges and businesses have clashed with U.S. regulators over the past year, with a lack of regulatory clarity threatening to stifle…

Ripple Does Not Care Whether XRP Is ‘Sufficiently Decentralized’

For its part, Ripple argues a few things about XRP. First, the for-profit company has for years said that it did not create the network or the token, although it is a primary developer on the chain and perhaps the organization that stands to gain the most materially from XRP’s adoption. Further, perhaps confusingly, the company has argued that XRP is commodity money, a type of resource that has trade value for a diverse cast of investors, coders and companies – like bitcoin (BTC) and ether (ETH). Source

Hinman’s 2018 Speech on Ether Needed More Clarity, SEC Officials Said at the Time, Emails Released by Ripple Show

“As written, the language remains vague as to whether ETH is a security. If you want to make an affirmative statement that it is not a security, the language could be stronger (i.e., just say it). If you don’t want to take an affirmative stance, we suggest using language similar to what you used for Bitcoin re. the disclosure regime to make it more consistent,” wrote former SEC Director of Trading and Markets Brett Redfearn on June 12, 2018. Source

Fortune Ranks Ripple as One of Best Places to Work in Bay Area

After the analysis of thousands of feedback from employees across various workplaces in the Bay Area, Ripple was named among the top 10 in the Fortune Magazine ranking of the best workplaces in 2023. The Great Place to Work ranking is based on employees’ experiences and general feedback about their workplaces. The data is usually gathered to see how companies can improve based on the information derived about specific needs. In conducting the analysis, they use a Trust Index survey to get qualitative and quantitative information about what is expected…

Hinman Documents Will Be Worth Wait, Says Ripple CEO Brad Garlinghouse

The release of the Hinman documents comes amid rising legal pressure on Binance and Coinbase. With only a day until the highly anticipated release of the Hinman documents, Ripple Labs Inc CEO Brad Garlinghouse has sparked even more interest by claiming that the contents will be “well worth the wait”. The CEO’s statement is in response to a question raised by popular crypto YouTuber Jungle Inc on Twitter, about his thoughts ahead of the release of the “Hinman documents”. The Hinman documents, named after William Hinman, the former Director of…

Ripple expands Canadian engineering activities with U of Toronto XRP validator

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The University of Toronto plans to launch an independent XRP Ledger validator, Ripple announced June 12 as the university will become part of Ripple’s University Blockchain Research Initiative (UBRI). The partnership will support blockchain and crypto technology research at the university. The partnership will also advance Ripple’s XRPL (XRP Ledger) Campus Ambassadors program that “aims to elevate the impact of college students […] [To] help educate other students about crypto and how to start building on the XRPL.” University of Toronto Professor Andreas Veneris commented: “Hosting an XRP Ledger validator…

University of Toronto Starts an XRP Validator in New Partnership With Ripple

“Canada, and Toronto in particular, is home to some of the most prestigious business and technical schools in the world and has become a global technology hub,” Miltenburg said. “Ripple continues to expand its presence in the region to support the next generation of crypto, blockchain and Web3 leaders through strategic partnerships and funding for these universities,” he added. Source

Ripple losing SEC case can affect Coinbase and Binance, lawyer says

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC’s arguments against Coinbase and most of Binance’s litigation would be severely weakened if Judge Torres ruled that XRP tokens purchased on secondary marketplaces are not securities, according to lawyer James Murphy. The SEC claims that Coinbase is acting as an unregistered securities exchange, broker-dealer, and clearing broker because 13 tokens exchanged on the platform constitute securities. However, the SEC’s case against Coinbase would fall apart if these 13 coins were not considered securities. 2/…

Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers

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The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph. Ripple has been in a legal battle with the SEC since December 2020. The regulator alleges it was offering unregistered securities via XRP (XRP) since 2013. On June 6 the SEC filed a lawsuit against Coinbase also alleging that it has been offering unregistered securities. A day before it filed a lawsuit against Binance containing some similar allegations. Lawyer James Murphy, known as “MetaLawMan” on Twitter,…