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“We’re seeing the XRP price jump by double digits and rally above its long-held resistance levels, as rumors filter through that Ripple and the SEC have possibly agreed to a settlement,” said Henry Liu, CEO of BTSE, in a Telegram message to CryptoX. Source
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Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis. In a March 12 Twitter thread to his 700,000 followers, Ripple CEO Brad Garlinghouse addressed his company’s exposure to the collapsed Silicon Valley Bank (SVB), emphasizing the company’s financial stability.
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MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of USDC, which is pegged to the US dollar, experienced a sudden drop over the past two days. MakerDAO’s algorithmic stablecoin
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Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple's stability. Ripple had exposure to SVB, Garlinghouse said, but “we expect NO disruption to our day-to-day business, and already held a majority of our USD
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Ripple, currently engaged in a lawsuit with the Securities and Exchange Commission over the status of the cryptocurrency XRP, stored some of its cash reserves at the now-failed tech lender, Garlinghouse said. He declined to quantify the amount stuck in limbo. Source
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Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will
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As the US Supreme Court rules in favor of Ripple’s fair notice defense, the XRP community expresses slight optimism. However, XRP price lost 3% in one week. The SEC vs. Ripple case has been going on for over two years since 2020. The US Securities and Exchange Commission (SEC) then accused
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The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate
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The United States Securities and Exchange Commission's (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S. being a less attractive location for crypto firms, suggests Ripple’s CEO.In a Mar. 3 Bloomberg interview, Brad Garlinghouse,
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The Ripple chief had already earlier specified that the lawsuit with the SEC would reach a resolution in the first half of 2023. The lingering legal battle between the US Securities and Exchange Commission (SEC) and Ripple is expected to finally come to an end in 2023. The case, which began
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