Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company.
Ripple
SEC Seeks $1.95B Fine in Final Judgment Against Ripple
Stuart Alderoty, Ripple Labs’ chief kanunî officer, criticized the SEC and wrote that the company will file its response to the SEC’s motion next month.
Garlinghouse Says SEC to Press Judge for $2B in Fines and Penalties in Ripple Case
The court documents filed in a New York court on Monday are currently under seal.
Ripple to Buy New York Crypto Trust Company to Expand U.S. Options
Standard Custody & Trust Co., which has a New York charter, will be the latest acquisition to grow Ripple’s regulatory qualifications.
Ripple-Owned Crypto Custody Firm Metaco’s CEO and Head of Product Depart
Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.
Ripple Must Share Financial Statements Requested by SEC, Court Rules
The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request.
Ripple Excites XRP Army as Metaco Acquisition Brings Banks Closer
Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC.
Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia
At its annual conference, Ripple also announced product enhancements and license updates, including a focus on payments between enterprises and smaller businesses.
SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
The regulator had included them as defendants in securities violation case, and the agency now says it’s just pursuing Ripple for damages.
XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal
Broader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows.