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Ripple was forced to pay $250 million in a settlement with the Securities and Exchanges Commission over the unregistered sale of coins to institutional investors, which was viewed as a victory for ...
Ripple Labs is planning to launch an XRP-based stablecoin, dubbed Ripple USD. This coin should always be worth $1, with trading enabled across the XRP and Ethereum (CRYPTO: ETH) blockchain ledgers.
Ripple, its founders, and XRP have been caught in the middle of this argument. In 2020, the SEC sued the parties for allegedly selling XRP as an unregistered security in 2013. A judge ruled in ...
A judge imposed a small-than-expected $125 million fine on Ripple, the company that operates XRP. But the SEC wasn't happy with that ruling, and the agency recently filed a notice of appeal. This ...
The open-source project was originally called "Ripple", the unique consensus ledger was called the Ripple Consensus Ledger, the transaction protocol was called the Ripple Transaction Protocol or RTXP and the digital asset (known as "ripples") using XRP as the three-letter currency code to follow the naming convention of BTC for Bitcoin.
However, Ripple’s, and thus XRP’s, future success could hinge on the ongoing lawsuit by the SEC. Daria Uhlig contributed to the reporting for this article. Data is accurate as of Sept. 25 ...
In December 2020, Ripple Labs and two of its executives were sued by the U.S. Securities and Exchange Commission (SEC) for selling XRP tokens, which the SEC classified as unregistered securities. In July 2023, the court ruled that "XRP, as a digital token, is not in and of itself a 'contract, transaction, or scheme' that embodies the Howey ...
The first sentence says "XRP is a digital asset built for payments and is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology"; the opening paragraph goes on to say that it is "important to understand the difference between XRP, Ripple, and RippleNet, which is on top of the ...
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