Tag: Ripple

Hinman documents in Ripple case raise questions about SEC’s motives

The newly released Hinman documents relevant to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission have shed light on internal divisions within the SEC and raised questions about its motives. The Hinman documents pertain to internal SEC communications regarding a speech delivered by former director William Hinman in 2018. During the speech, Hinman said that Ether (ETH), one of the largest cryptocurrencies, should not be categorized as a security.  In an interview with Cointelegraph, crypto lawyer and founder of Hodl Law, Fred Rispoli, shared…

Hinman documents in Ripple case raise questions about SEC’s motives

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The newly released Hinman documents relevant to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) have shed light on internal divisions within the SEC and raised questions about its motives. The Hinman documents pertain to internal SEC communications regarding a speech delivered by former director William Hinman in 2018. During the speech, Hinman said that Ether (ETH), one of the largest cryptocurrencies, should not be categorized as a security.  In an interview with Cointelegraph, crypto lawyer and founder of Hodl Law Fred Rispoli…

Ripple partners with Colombia’s central bank to explore blockchain technology

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Banco de la República, Colombia’s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger.  The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple’s recently launched central bank digital currency (CBDC) platform. Ripple and @Peersyst are partnering with Colombia’s @BancoRepublica in conjunction with @Ministerio_TIC to pilot use cases that will enhance Colombia’s high-value payment system. Learn more about the partnership: https://t.co/X9jyJ3pvDa — Ripple (@Ripple) June 15, 2023 An announcement published on June 15 says the pilot…

Ripple verdict could spark a new bull market — Or more malaise

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The final quarter of 2020 saw the launch of a precedent-setting lawsuit by the United States Securities and Exchange Commission against Ripple Labs, CEO Bradley Garlinghouse and co-founder Christian A. Larsen. The allegation: raising north of $1 billion in 2013 through the unregistered sale of a purported security, XRP (XRP). The implications of Ripple’s bold choice to challenge the lawsuit in court radiate far beyond the company. The judgment could become the Rosetta Stone for determining whether other cryptocurrencies are deemed securities. A Ripple victory could fuel a new era…

Ripple Teams Up With Colombia’s Central Bank To Explore Blockchain Opportunities

Blockchain payments technology company Ripple is set to partner with Colombia’s central bank, Banco de la República. They aim to research potential applications of blockchain technology within Colombia, a significant development in South America’s adoption of this technology. This collaboration will also involve the Ministry of Information and Communications, as they plan to test possible ways to augment the country’s high-value payment system utilizing Ripple’s Central Bank Digital Currency (CBDC) Platform. Probing Blockchain Potential For High-Value Payment System The partnership was not a spur-of-the-moment decision. According to Joe Vollono, a director…

XRP Price Tumbles 8%, Erasing Gains from ‘Hinman Emails’ in Ripple vs SEC Lawsuit

XRP’s sharp downturn happened as bitcoin (BTC) and ether (ETH), the two leading cryptocurrencies by market capitalization, lost key price levels Wednesday afternoon after the Federal Reserve’s latest interest rate decision. Despite the Fed pausing its rate hike campaign after 14 months, an event most traders thought would be bullish for prices, BTC and ETH dropped below $25,000 and $1,700, respectively, to 3-month lows. Source

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