• Ripple kills Michael Barr Comptroller Currency
    Obama Treasury official Michael Barr will not be Comptroller of the Currency (Photo: University of Michigan)
    Regulation,  Ripple

    Ripple advisor’s crypto connections kill appointment as banking regulator

    Former Ripple Advisory Board member Michael Barr was too moderate and pro-crypto for progressives who blocked his nomination as Comptroller of the Currency

    March 13, 2021 /

    Barr was seen as part of a trio of crypto-friendly financial regulators nominated or under consideration by the administration of President Joe Biden. Former MIT digital asset and blockchain professor Gary Gensler is in the process of being confirmed as chairman of the Securities and Exchange Commission (SEC), while DC Fintech Week conference head Chris Brummer is said the be the choice to lead the Commodity Futures Trading Commission (CFTC).

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  • ripple SEC bank accounts
    Ripple CEO Brad Garlinghouse wants the SEC to stay out of his private life (Photo: Ripple)
    Regulation,  Ripple,  XRP

    Ripple Execs to SEC: Stay out of our bank accounts

    Brad Garlinghouse and Chris Larsen accuse the Securities and Exchange Commission of seeking a ‘fishing expedition’ through their personal finances

    March 12, 2021 /

    “The SEC’s multi-front attempt to troll through the Individual Defendant’s personal financial information in a non-fraud litigation, where the Defendants have already agreed to produce the relevant information regarding the challenged transactions, is a wholly inappropriate overreach,” the pair’s lawyers said in March 11 filing.

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  • ripple YouTube settle giveaway scam lawsuit
    Brad was not amused (Photo: Ripple)
    Ripple,  XRP

    Ripple CEO settles YouTube giveaway scam lawsuit

    Brad Garlinghouse sued the streaming video platform last year after it refused to act or dragged its feet in taking down channels that used his company, name, and likeness to steal XRP

    March 10, 2021 /

    In a March 9 Twitter thread, Garlinghouse said that while the terms of the agreement were confidential, “we’ve now come to a resolution to work together to prevent, detect and take down these scams.” The lawsuit was filed on April 21 last year, after Garlinghouse complained that fraudsters on the streaming video platform had stolen hundreds of thousands of dollars from XRP supporters using his name and likeness.

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  • MoneyGram ends Ripple partnership
    Ripple CEO Brad Garlinghouse tells Axios that the SEC lawsuit is bad for the whole U.S. crypto industry (Photo: Axios on HBO)
    Regulation,  Ripple,  XRP

    MoneyGram and Ripple part ways over XRP lawsuit

    The split comes a day after Ripple CEO Brad Garlinghouse said that ‘even if Ripple goes away, XRP will keep trading’

    March 8, 2021 /

    The move is the latest fallout from the U.S. Securities and Exchange Commission’s lawsuit against Ripple, its executive chairman Chris Larsen, and Garlinghouse. The suit says that the $1.3 billion in XRP sales made by Ripple over the past eight years, with $600 million made by the two executives, were illegal sales of securities.

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