XRP

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and CEO Brad Garlinghouse also “effected personal unregistered sales of XRP totaling approximately $600 million.” This action instigated by the SEC resulted in the immediate drop …

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XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status

XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin’s (non)security status

Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale’s Bitcoin Trust or cash-settled futures. Recently, Goldman Sachs said it was planning to launch investment offerings in the crypto asset class in the second quarter. What these new developments prove is that bitcoin …

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Ripple CEO: XRP will continue trading, even if Ripple ceases to exist

Ripple CEO: XRP will continue trading, even if Ripple ceases to exist

Ripple CEO Brad Garlinghouse has once again addressed the SEC lawsuit against his company. In a recent interview, Garlinghouse countered the allegations and said that the legal action was “misguided” and that its crypto asset has traded for eight years in the US before regulators filed the lawsuit last December.  Recently, the Commission chose to …

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Japan’s top securities regulator says XRP is not a security

Japan’s top securities regulator says XRP is not a security

Japan’s Financial Services Agency (FSA), the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission’s allegation that by selling XRP the firm engaged in sales of unregistered securities — …

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