The oldest crypto-exchange in the world has unexpectedly announced a major boost to Ripple’s XRP token. The move is expected to have a significant impact on the price of the cryptocurrency, heightening investor interest.
At a recent conference, Ripple CEO Brad Garlinghouse proclaimed a groundbreaking message to the crypto community: “We need to officially engage with the regulatory authorities and build trust with them.” Will this mark the start of a new era of proactive compliance?
Ripple CTO, David Schwartz, has weighed in on the growing discussion around the implications of token distribution on the XRP Ledger. He believes an open, safe, and permissionless platform is essential.
Ripple has acquired Laird Fort-based Fortress Trust, a long-standing charter trust company that offers “bespoke solutions for those seeking turn-key crypto-focused financial services”. This move marks a major step towards Ripple’s expansion into regulated financial services.
In a strongly worded statement, Ripple’s lawyer slammed the SEC’s latest filing against the company as a “hypocritical pivot,” noting it sharply contradicted the agency’s previous guidance on XRP’s status.
The Securities and Exchange Commission has submitted a request to the U.S. Court of Appeals to help settle the ongoing dispute between the regulator and Ripple. The SEC is urging the court to grant Ripple’s appeal in the latest filing.
Ripple has taken another major step towards establishing its dominance in the crypto industry. It has added Fortress Trust to its arsenal of acquisitions, further strengthening its foothold in the market.
In a move to further expand its US licensing portfolio, Ripple has acquired digital asset custodian Fortress Trust. The organization’s expertise in security and regulatory compliance will prove invaluable to Ripple’s future US-based initiatives.
As the crypto market continues to show signs of recovery, Ripple’s XRP token makes a major leap forward as it secures a listing on a popular European exchange, allowing it to be traded against the Euro.
In a new court filing, Ripple Labs Inc. seeks to block the U.S. Securities and Exchange Commission’s request to appeal a recent decision that ruled XRP is not a security. Ripple believes the SEC lacked evidence to prove it is a security.