Ripple has formally argued to the U.S. Securities and Exchange Commission (SEC) that fungible cryptocurrencies, when traded in secondary markets, should not be considered securities. In a letter dated May 27, Ripple—the blockchain firm behind XRP—cited legal scholar Lewis Cohen’s influential 2022 paper “The Inescapable Modality of Securities Law,” which asserts there is no legal […]
Ripple Pledges $25 Million to Strengthen U.S. Classrooms and Empower Educators
Ripple has announced a $25 million commitment to support teachers and classrooms across the United States, aiming to close persistent gaps in educational resources. The initiative, unveiled on Monday, will deliver funding through Ripple USD (RLUSD), the company’s U.S. dollar-pegged stablecoin. The effort is part of Ripple’s broader mission to promote financial and educational equity […]
SEC May Drop Its Appeal Against Ripple: John Reed Stark
The regulatory landscape for cryptocurrencies in the US is shifting, and a potential change in the Securities and Exchange Commission’s (SEC) position could reshape the industry. John Reed Stark, former Director of the SEC’s Office of Internet Enforcement, has warned that the agency may drop its appeal against Ripple Labs, a move that could have […]
XRP Overtakes USDT, Becomes the 3rd Largest Cryptocurrency
XRP, the cryptocurrency closely associated with Ripple, has surged in market capitalization, achieving a meteoric rise to multi-year highs in its price. XRP has climbed to become the world’s third-largest cryptocurrency, surpassing Tether (USDT). This comes on the back of a more than 20% increase in the past 24 hours, pushing its market capitalization to […]
Ripple Prepares Largest XRP Sale in Seven Years
November has arrived, and Ripple is stirring the market as it prepares for what could be its largest monthly XRP sale in seven years. Ripple, the lead developer of XRP Ledger (XRP) and its largest investor, has set aside 470 million XRP for sale, valued at approximately $240 million. Since 2017, Ripple has been unlocking 1 […]
Ripple Co-Founder Pledges $10 Million to Kamala Harris’ Campaign
Ripple co-founder Chris Larsen has recently contributed more than $10 million to fund the U.S. presidential campaign of Democratic candidate Kamala Harris. Harris Campaign Funding The recent revelations about these donations come from several reports released today, citing data submitted by the U.S. Federal Election Commission (FEC). According to this information, Larsen has donated approximately […]
Ripple obtains preliminary license to operate in Dubai
Ripple reported on October 1 that the blockchain company has achieved another regulatory milestone in the United Arab Emirates. Specifically, the Dubai Financial Services Authority (DFSA) has granted Ripple preliminary approval, allowing the company to expand its services and strengthen its presence in the UAE and the Middle East in general. The approval means Ripple […]
Understanding Ripple: How It Works and Its Role in the Cryptocurrency Market
If you are looking to invest in cryptocurrencies but still do not know in-depth how to do it, or if you want to know more about the Ripple cryptocurrency, continue reading this article to learn more. While Bitcoin is at the top of the cryptocurrencies preferred by users, other digital currencies are also in the […]