Ripple has followed Circle in looking to be its own bank after Congress moved ahead with a bill to regulate stablecoin issuers under the national bank regulator.
Ripple News

Established in 2012 under the name OpenCoin, Ripple Labs is the software corporation responsible for creating the XRP (XRP) cryptocurrency and its accompanying distributed ledger technology (DLT), the XRP Ledger. In addition, the company has crafted a collection of payment protocols, such as RippleNet, which are designed to optimize cross-border transactions for financial entities. RippleNet serves as a counterpart to the traditional SWIFT system, aiming to revolutionize and accelerate international money transfers by leveraging blockchain technology.
Initially featuring distinct services (xCurrent for bank payments, xRapid for liquidity via XRP and xVia for API integration), RippleNet consolidated these offerings in 2019. This strategic unification aimed to broaden XRP’s application in fund transfers under a single, cohesive RippleNet banner. Ripple’s XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. The XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
In 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple and its executives, Brad Garlinghouse and Christian Larsen, which accused it of conducting unregistered securities offerings worth over $1.3 billion via XRP sales. However, in July 2023, Ripple secured a partial victory when U.S. District Judge Analisa Torres ruled that XRP sales on public exchanges did not constitute unregistered securities offerings.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
8094 - Altcoin Watch
XRP remains at risk of dropping to $1 if a key support zone is lost — one that aligns with the onchain realized price level.
11661 - News
XRP spiked on Friday after Ripple CEO Brad Garlinghouse said the company is “closing this chapter once and for all” in its legal battle with the US regulator that began in December 2020.
15833 - Market Analysis
XRP whale flows flipped bullish in May after months of outflows, hinting at a potential triple-digit price rally.
13238 - Market Analysis
XRP price fundamental and technical indicators are giving bulls hope that the current consolidation sets the stage for a move toward $5.
8456 - News
Judge Analisa Torres wrote that Ripple is still required to follow federal securities laws regardless of the SEC's regulatory pivot.
7146 - Markets News
A truce between Israel and Iran and whale accumulation have helped XRP price recover sharply, positioning it for a potential rally to new all-time highs.
1387 - News
Arthur Britto, elusive co-creator of the XRP Ledger and co-founder of Ripple Labs, made the first-ever public post on his 14-year-old X account.
17502 - News
3iQ’s new XRP ETF, backed by Ripple, begins trading on the Toronto Stock Exchange with zero management fees for the first six months.
7961 - Altcoin Watch
Bullish fractals from 2017 suggest XRP could rally toward $3.70–$10, with some projections pointing to a breakout as high as $25 or more.
31411 - News
The lawsuit against Ripple, filed by the United States Securities and Exchange Commission in December 2020, is finally wrapping up.
15256 - Newsletter
Mark Zuckerberg bets $15 billion on an AI company as stablecoins win over Fortune 500 companies.
3508 - News
Circle's USDC has a market capitalization of over $61 billion, making it the second-largest stablecoin, second to Tether's USDt.
19455 - News
Guggenheim’s Treasury-backed fixed-income product will be available on the XRP Ledger.
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