Tag: Ripple

Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?

XRP, the native token of Ripple, is poised to take part in a $1.2 quadrillion derivatives market following Ripple’s integration into the ranks of the ISDA ushers.  XRP To Enter The $1.2 Quadrillion Derivatives Market Earlier in August 2023, Ripple, a crypto payments solution, announced its membership with the International Swaps and Derivatives Association (ISDA). The strategic move came as a pleasant surprise to XRP community members, as it positioned XRP to fully partake in the massive $1.2 quadrillion derivatives market.  Ripple’s entry into this prestigious club is seen as…

SEC’s Upcoming Closed-Door Meeting Fuels Speculation of Potential Settlement with Ripple

Despite the legal victories of Ripple, the court recently issued an order concerning the remedies phase of the lawsuit. As the United States Securities and Exchange Commission (SEC) gears up for a closed-door meeting, crypto community members are abuzz with anticipation for a potential settlement of the longstanding legal battle between the SEC and Ripple. According to the official announcement, the expected participants for the closed-door meeting are top SEC commissioners, counsels, secretaries, and essential staff. The meeting, scheduled for Thursday, November 30, will be held at the SEC’s headquarters…

Ripple lawyer urges fact-check of Gary Gensler’s speech, says SEC actions seen as ‘shady’

As Gary Gensler reiterates the United States Securities and Exchange Commission’s (SEC) mandate through a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions.  On Nov. 16, SEC chairperson Gary Gensler shared a video of him conducting a speech at the 2023 Securities Enforcement Forum. In the speech, the incumbent SEC chair highlighted the words of the first SEC chairperson, Joseph P. Kennedy, saying that the government agency should be “partners of honest business and prosecutors of…

Ripple lawyer urges fact-check of Gary Gensler’s speech, says SEC actions seen as ‘shady’

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As Gary Gensler reiterated the United States Securities and Exchange Commission’s mandate in a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions. On Nov. 16, SEC Chair Gary Gensler shared a video of him conducting a speech at the 2023 Securities Enforcement Forum. In the speech, he highlighted the words of the first SEC chair, Joseph P. Kennedy, saying that the government agency should be “partners of honest business and prosecutors of dishonesty.” As Joseph P.…

Wall Street Expert Predicts Ripple IPO Date

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Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at a Fireside chat with Linqto, a pre-IPO investment platform, Jones outlined her insights into the expected timeline and factors influencing Ripple’s decision to go public. Jones stated via X, “Here is my interview with Linqto today. We talked about when Ripple might go public, my back of the envelope calculation for what the stock might be worth and potential acquisition targets.” Ripple IPO In May 2024? Despite Ripple’s…

Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price

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Ripple Labs has announced plans to integrate Automated Market Makers (AMMs) into the XRP ledger. The decision has left the XRP community feeling uneasy, as they ponder the potential long-term effects of AMMs on the XRP price.  AMMs To Be Integrated Into XRP Ledger Ripple, a global payments network provider has stated its intentions to incorporate AMMs into the XRP Ledger to help improve liquidity. The introduction of AMMs into the XRP Ledger is expected to further develop the Ripple ecosystem by providing enhanced trading efficiency and liquidity. The initiative…

Ripple exec reiterates need for tech-neutral crypto regulations

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A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules. At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North Africa at Ripple, told Cointelegraph that the industry should be regulated based on activity rather than the technology used. He said: “We don’t want people to think about regulating the technology… We want regulators, or anybody for that matter, to be technology-neutral. It doesn’t matter if the…

Ripple CEO Criticizes SEC for Losing Focus on Investor Protection

Garlinghouse emphasized the need for the SEC to reassess its regulatory approach, moving away from a pattern of enforcement through lawsuits. During the just-concluded Ripple’s Swell conference in Dubai, the company’s CEO Brad Garlinghouse shared his views regarding the United States Securities and Exchange Commission’s (SEC) role in protecting consumers against bad actors. In an interview with CNBC’s Dan Murphy, Garlinghouse stated that, in his opinion, the SEC has strayed from its commitment to investor protection, questioning the agency’s priorities in the process. “I think the SEC, in my opinion,…

Ripple faces slim odds of $770M disgorgement

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Attorney John Deaton, representing XRP holders, has made a persuasive case in the Ripple vs. SEC legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment. Deaton underscores the significance of the Supreme Court’s Morrison ruling, which effectively limits the SEC’s jurisdiction to sales within the United States. This gains relevance as Ripple’s XRP sales in the United Kingdom, Japan, Switzerland, and other areas face scrutiny. Additionally, the legal standing of XRP in…

RocketFuel and Ripple Join Forces to Revolutionize Cross-border Settlements

Some of the products that would utilize Ripple Payments are RocketFuel Pay-In Commerce, RocketFuel Mass Pay-Out and RocketFuel Cross border B2B. Cryptocurrency payment company Ripple Labs has bagged a strategic partnership with RocketFuel, a global crypto payment solutions provider. Ripple and RocketFuel: The Benefits Based on the terms of their agreement, RocketFuel, recognized for its comprehensive range of payment solutions including ACH bank transfers, Bitcoin (BTC), and other cryptocurrencies, will adopt the fintech firm’s new blockchain-based payment corridor dubbed Ripple Payments into its already existing suite of payment products. The…