Tag: Ripple

Ripple acquires Fortress Trust, expands license portfolio in the US

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Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sept. 8.  Fortress Trust provides regulatory and technology infrastructure for blockchain organizations. The company holds a Nevada Trust license that allows it to custody financial assets. The acquisition is in addition to the more than 30 licenses Ripple holds across the country as a money transmitter, along with a BitLicense in New York, required digital currency businesses operating in the state. “Licenses are a…

Ripple XRP Expands European Presence with University Blockchain Research Initiative

Ripple, a prominent player in the blockchain and crypto sector, has announced the expansion of its University Blockchain and Research Initiative (UBRI) in Europe. The initiative, recognized globally for its contributions to academic blockchain and crypto research, aims to nurture the upcoming generation of leaders in this domain. UBRI has incorporated four new European universities into its program. These include Trinity College Dublin (Ireland), EPITA (France), IE University (Spain), and University of Trento (Italy). These institutions are set to bolster blockchain education and research throughout Europe. Since its establishment in…

Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto

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The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen. Speaking to Bloomberg on Sep. 7 about his firm’s July partial win against the Securities and Exchange Commission, Larsen argued the regulator lost on “everything that was important to [it] and important in the regulation of the industry.” “The U.S. screwed up here on crypto and blockchain policy. This is the beginning now through the courts, unfortunately…

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

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Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the company highlighted that SBI Remit has been using Ripple payments services for international remittances since 2017. Furthermore, SBI Remit also introduced solutions using crypto in 2021, claiming that it was the first in Japan to provide remittance services using XRP to crypto wallets in the Philippines. XRPを活用するRippleの送金ソリューションを用いた国際送金サービスをフィリピン・ベトナム・インドネシア向けに順次拡大…

Can Ripple Control The XRP Price? Crypto Analysts Weigh In

The XRP token has attracted much attention, especially because of Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC). This has led to speculations on whether Ripple is able to control the XRP price or not. So crypto analysts have chimed in to share their opinions. No Ripple Effect On XRP? Pro-XRP influencer Crypto Eri stated in a tweet that she doesn’t rely on the “efforts of Ripple” to increase XRP’s value. She suggested that the crypto company hasn’t done much to grow the token as it…

Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory

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There have been talks about the US Securities and Exchange Commission (SEC) and Ripple Labs reaching a settlement following the ruling that XRP isn’t a security. Following this, Pro-XRP lawyer John Deaton has stated a key factor that could lead to a settlement between both parties. Coinbase’s Motion Key To Settlement In a tweet released on the X (formerly Twitter) platform, Deaton stated that the “only way” the SEC and Ripple can settle this year is if Judge Failla grants Coinbase’s motion to dismiss the SEC’s lawsuit against it.  The…

Ripple counters SEC, says XRP has intrinsic value

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple, in a Sept. 1 court filing, rebuts a regulatory assertion that XRP lacks intrinsic value, emphasizing its role as a bridge virtual asset. In the ongoing legal showdown with the U.S. Securities and Exchange Commission (SEC), Ripple has challenged the agency’s claim that XRP is nothing more than a piece of computer code. Contrary to the interpretation by the regulatory watchdog, Ripple affirms that the court did not make such a ruling.  This clarification sheds…

Ripple legal team opposes SEC appeal over XRP decision

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Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal. In a Sept. 1 filing with U.S. District Court for the Southern District of New York, Ripple’s legal team said the SEC’s grounds for an appeal largely rested on “dissatisfaction” with a judge’s decision that the XRP token did not qualify as a security for sales to retail investors. The lawyers said “exceptional circumstances required for interlocutory appeal” were absent in the case,…

SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple (XRP) Says

July’s ruling did not “present a controlling question of law,” and neither did the SEC’s motion for an appeal, Ripple said in Friday’s filing, which added that the regulator hasn’t proven that different judges might disagree with the ruling, or that an appeal would lead to a faster end for the court case – all of which are requirements for the judge to approve an appeal, according to the filing. Source