News
White House crypto adviser Patrick Witt reportedly refocused crypto and bank lobby talks on a crypto bill to allow stablecoin rewards tied to transaction activity.
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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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Trump administration officials held a similar event last week to discuss stablecoin yield within a market structure bill under consideration in Congress.
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The move strengthens institutional support for 21Shares’ multibillion-dollar digital asset investment platform and broadens its regulated staking capabilities.
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The new integrations enable banks and custodians to deploy custody and staking services without operating their own validator or key-management infrastructure.
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Ripple co-founder Chris Larsen and venture capitalist Tim Draper are backing Grow California, a new political effort aimed at countering union-backed wealth tax proposals.
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The conditional approval moves the Latin American fintech into the bank organization phase as it seeks to expand regulated banking and crypto services in the United States.
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Built on Ripple’s GTreasury acquisition, the platform links cash management with blockchain settlement as digital assets edge into corporate finance.
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The crypto payments company plans to expand its network across Latin America, Asia and Europe following the latest funding round.
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Ripple’s agreement with Riyad Bank highlights growing institutional interest in blockchain for payments, custody and tokenization across global financial markets.
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Ripple president Monica Long says blockchain is becoming the “operating layer of modern finance” and global balance sheets will hold $1 trillion in digital assets.
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The preliminary Luxembourg approval boosts Ripple’s EU expansion aims following its recent UK authorization, supporting its push toward full MiCA compliance.
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Ripple’s UK subsidiary gained regulatory approval as an Electronic Money Institution to provide payment services, but faces limits on certain crypto activities.
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The reiteration of the payment company's plans not to pursue a public offering followed a $500 million fundraise in November, leading to a $40 billion valuation for Ripple.
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Barclays has invested in Ubyx, a US stablecoin clearing platform, marking a major move into regulated digital money and tokenized financial services.
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XRP is having an explosive start to the year, driven by strong ETF inflows, bullish sentiment, and declining exchange reserves.
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