• Ripple controversy
    Ripple,  XRP

    What’s up with Ripple?

    The international financial transactions business has been up and running for years, yet it still gets a lot of flak for its influence over the third-largest cryptocurrency, XRP

    Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks. Yet for all those achievements, it is among the most controversial companies in DeFi, with a host of critics.

  • U.S. is researching digital dollar
    Cryptocurrencies,  Politics,  Regulation,  Technology

    Fed Governor says U.S. is researching a digital dollar

    The Federal Reserve may be well behind China, but news that it is actively looking at a central bank digital currency is a big step forward

    Federal Reserve Governor Lael Brainard said Thursday a U.S. central bank digital currency won’t happen overnight. A significant policy process which the Fed has not committed to would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders.

  • Crypto must-reads
    Cryptocurrencies,  Politics

    Crypto Must-Reads for June 30, 2020

    These are the crypto stories you should be following today: Senate told lead or follow on digital dollar; alt-coin market manipulation still strong; BoA says crypto equals cash; U.S. soccer stars tokenized

    Digital Dollar Project head Christopher Giancarlo tells the Senate that the U.S. must lead or follow on central bank digital currencies; crypto volume pumper’s manipulation business is still going strong; Bank of America okays crypto purchases with credit cards, but calls them cash advances; all U.S. Soccer players have been tokenized on a blockchain

  • XRP is not a security
    People,  Regulation,  XRP

    ‘Crypto Dad’ Chris Giancarlo: XRP is not a security

    The former Commodity Futures Trading Commission chair was a leading force in removing the scarlet ‘S’ from bitcoin and ether, and he remains influential. But making the same argument for XRP is weakened as his law firm works for Ripple

    Former Commodity Futures Trading Commission chair and “Crypto Dad” Chris Giancarlo argued forcefully in a June 17 column that XRP is not a security but a currency under U.S. law. That’s a huge, potentially life-or-death question for Ripple.

Subscribe to the
MODERN CONSENSUS Newsletter