The former U.S. Federal Reserve chair said that she wanted to “curtail” the use of digital assets—amid concerns that it could be used for money laundering and the financing of terrorism. But in a written submission to the Senate Finance Committee, Yellen’s approach to Bitcoin and other digital assets seemed to be a little softer.
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Markets Report: XRP delivers 55% daily gains as Bitcoin targets $40,000
An unlikely renaissance for troubled XRP comes despite Ripple still facing legal action from U.S. regulators
Another day, another all-time high for Bitcoin as the largest cryptocurrency hits $38,500 on January 7. Meanwhile, a surprise move from XRP was the talking point among market participants on the day.
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Ripple sued by investor in wake of SEC’s XRP lawsuit
Asset manager Tetragon Financial Group is demanding Ripple buy back its investment as a result of the Securities and Exchange Commission’s claim that XRP is an unregistered security
In December 2019, asset manager Tetragon Financial Group led Ripple’s $200 million Series C investment round. Now, it is seeking to enforce a contractual provision to back out of its investment, Ripple said in a public statement on Jan. 5.
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Coinbase CEO Brian Armstrong faces a class action lawsuit over XRP sales (Photo: TechCrunch/Steve Jennings)Coinbase sued for selling XRP
The $10 million lawsuit, which seeks class action status, follows the U.S. Securities and Exchange Commission’s lawsuit against Ripple for selling XRP, which the agency claims is an unregistered security
Noting that Coinbase is not licensed to sell securities, the suit called Coinbase’s sale of XRP “unlawful” and “fraudulent,” claiming that “Coinbase falsely represented that XRP was a commodity when… Defendant knew it was a security.” It also said that selling XRP was “unfair” as it gave Coinbase “an unwarranted competitive advantage over digital asset exchanges that only sold commodities.”
