Ripple is making a serious move into traditional finance. The company behind XRP has applied for a national banking charter in the United States, aiming to bring its RLUSD stablecoin under direct federal oversight. This isn’t just about checking boxes. It’s a strategic attempt to give RLUSD a stronger foundation and open the door to … Read more
Ripple and the U.S. Securities and Exchange Commission have agreed to call it quits on one of the most closely watched legal battles in crypto. Both sides are dropping their appeals, bringing an end to nearly five years of courtroom drama over the status of XRP. Ripple CEO Brad Garlinghouse confirmed the decision publicly, saying … Read more
Ripple’s legal counsel Bill Morgan has dismissed speculation that the U.S. government could seize XRP tokens from the company’s escrow accounts for national reserve purposes. Morgan’s blunt “No it won’t” response countered analyst John Squire’s claims about potential government confiscation of Ripple’s XRP holdings. Technical transfer mechanisms exist but face limitations XRPL validator “Vet” outlined … Read more
One of the longest-running lawsuits in the crypto landscape could potentially come to a close as both parties seek to settle their disputes. Ripple and the US Securities and Exchange Commission (SEC) have jointly proposed to settle their $125 million civil penalty. According to the court filings shared by Fox Business journalist Elanor Terett on … Read more
Binance Delists 14 Altcoins Binance, the largest global crypto exchange by volume, revealed its decision to delist 14 altcoins. Some of the tokens include: Token Name BADGER Badger DAO BAL Balancer CREAM Cream Finance The delisting caused prices of these tokens to drop sharply – many by double digits within hours. Binance said the decision … Read more
Ripple Labs (XRP) and the US Securities and Exchange Commission (SEC) have filed a joint motion to suspend their appeals and cross-appeals for 60 days, bringing the long-running saga closer to an official settlement. The joint motion noted that Ripple and the SEC have reached an agreement-in-principle, pending approval from the SEC, to resolve the … Read more
The U.S. Securities and Exchange Commission (SEC) is officially dropping its lawsuit against Ripple Labs, according to CEO Brad Garlinghouse. In a new video update on the social media platform X, Brad Garlinghouse says that the regulatory agency is dropping its appeal in its lawsuit against the firm, which it originally filed in December 2020 … Read more
Recent SEC Dismissals This quarter, the SEC has dismissed several big crypto cases. Some of these are Coinbase, Consensys, Gemini, OpenSea, and Kraken. The firing is a signal that there will be a shift in how the SEC will proceed with cryptocurrency enforcement. Rule enforcement was the emphasis of the prior SEC chair, Gary Gensler. … Read more
As times change, people’s attitudes towards energy have also changed. They rely on renewable energy sources such as solar and wind power to power new energy cloud mining operations, which greatly reduces mining costs and integrates electricity generated by surplus energy into the grid. It not only saves a lot of energy consumption, but also … Read more
