Blockchain solutions provider Ripple Labs was ordered by a federal judge to pay a civil penalty of $125 million in a case brought by the Securities and Exchange Commission (SEC) and centered on the company’s sale of its XRP token to institutional investors. The SEC...
Ripple’s CEO says the cryptocurrency industry is still seeking regulatory clarity from the U.S. Speaking with Bloomberg News Wednesday (July 17), Brad Garlinghouse said America lags behind other countries that have already adopted crypto regulations. “What we are seeing, where it’s the UK, Japan, Singapore … even the European Union,...
Ripple has donated another $25 million to pro-cryptocurrency political action committee (PAC) Fairshake. And there’s more where that came from, the blockchain payments company’s CEO told Axios in an interview published Wednesday (May 29). “This isn’t a one-time thing,” said Brad Garlinghouse, pledging to give Fairshake $25 million annually,...
The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed reality (MR), augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) initiatives — is...
August 09, 2024
One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell […]
August 07, 2024
Blockchain solutions provider Ripple Labs was ordered by a federal judge to pay a civil penalty of $125 million in a case brought by the Securities and Exchange Commission (SEC) and centered on the company’s sale of its XRP token to institutional investors. The SEC had sought a total of $2 billion in civil penalties, […]
July 18, 2024
Ripple’s CEO says the cryptocurrency industry is still seeking regulatory clarity from the U.S. Speaking with Bloomberg News Wednesday (July 17), Brad Garlinghouse said America lags behind other countries that have already adopted crypto regulations....
March 26, 2024
Federal regulators want blockchain firm Ripple to pay a nearly $2 billion fine. That’s according to company officials who took to social media in advance of the publication of court documents scheduled...
November 12, 2023
The CEO of Ripple says the SEC has stumbled in its investor protection duty. “I think the SEC, in my opinion, has lost sight of their mission to protect investors,” Brad Garlinghouse said of the Securities...
