According to a recent ruling handed down by U.S. judge Analisa Torres, the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted in part and denied in part. The order states that…
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Ripple CEO Brad Garlinghouse recently asserted that former SEC Division of Corporation Finance Director William Hinman “received millions of dollars of payments from his law firm” which had a vested interest in a well-known 2018 speech given by the then SEC official. In other news, crypto exchange EDX has launched backed by Charles Schwab, Citadel…
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Nikolaos Panigirtzoglou, a managing director at JPMorgan, believes the release of the Hinman docs in the Ripple vs. SEC case will influence crypto regulation. Panigirtzoglou stated this document release is likely to start a race for other cryptocurrency projects to become more decentralized and look “more like ethereum” to avoid being labeled as securities. JPMorgan…
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Ripple says the “in principle” approval will help scale its “On-Demand Liquidity,” the service it uses to source XRP liquidity to customers. Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state. Ripple confirmed the approval from the Monetary Authority of…
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Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation Finance Director William Hinman. Garlinghouse stated that while he was…
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Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech, Garlinghouse stated that the SEC “weaponized the lack of regulatory clarity,”…
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Stuart Alderoty is joined by a number of other high-profile individuals calling for an investigation into the former Securities and Exchange Commission official. Ripple’s chief legal officer has called for an investigation into the motivations that led to former Securities and Exchange official William Hinman delivering his now-infamous speech in 2018. Stuart Alderoty’s demand for…
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Brad Garlinghouse hinted that the eagerly-awaited Hinman documents could tip the balance in Ripple’s favor. With just one day until the Hinman documents are due to be unsealed, Ripple CEO Brad Garlinghouse suggests the documents will be “well worth the wait.” In a June 12 Twitter reply to a question raised by crypto YouTuber Jungle Inc,…
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Brad Garlinghouse, the CEO of Ripple, has criticized the crypto “pro-innovation” stance of the U.S. Securities and Exchange Commission (SEC) and its recent lawsuits against significant exchanges like Coinbase and Binance. Garlinghouse stated that the SEC was “throwing lawsuits at the wall” to distract attention from the debacle of bankrupted exchange FTX. Ripple CEO Brad…
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Ripple’s CEO Brad Garlinghouse stated that the SEC’s lawsuit against Ripple is the regulator playing “offense” and “attacking” the industry as a whole, believing it could put the U.S. at “severe risk.” The United States Securities and Exchange Commission’s (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to…
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