The SEC was hoping to seek affirmation on an ambiguous injunction after scoring a victory during a hearing in November 2022, but judges made it clear that the judgment was only for the direct sale.
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
XRP functions as the bridge currency underlying Ripple’s liquidity and exchange product, xRapid, which provides financial institutions a medium for global value transfer between various fiat currencies.
XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
At Cointelegraph, we are chronicling the progress of Ripple Labs (and XRP) as it competes with cryptocurrency protocols and traditional fintech platforms alike.
Veteran Ripple executive and former general manager Monica Long said the company has seen record growth in recent months despite the crypto winter.13192
A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023.5960
Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus.10718
Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”25488
After a two-year wait, the layer 1 Flare blockchain finally followed through, sending its tokens to those who held XRP at the time of the snapshot.14206
Crypto acquisitions in 2023 will further strengthen the industry in the aftermath of casualties like the FTX collapse, a Ripple exec predicts.9599
Support for cryptocurrency regulation in the United States is “bipartisan & bicameral,” according to Ripple CEO Brad Garlinghouse.9715
SEC’s request to seal documents in the Ripple Labs case has sparked criticism from the community.16664
The loss represents the collective personal equity of 17 people in the space, including 15 who have lost over half of their fortunes since March.67506
Learn what Wrapped XRP is and how to use wXRP on blockchains other than Ripple’s XRP Ledger.6514
One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.13215
Former U.S. congressional candidate January Walker said a potential settlement would be a loss for the "whole world" and Web3.17811
Sam Bankman-Fried is willing to testify before the Financial Services Committee of the U.S. House of Representatives on Dec. 13.4821
An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network’s code and has been ridiculed by the firm’s chief technology officer.10845