• crypto-savvy regulators
    Cryptocurrencies,  People,  Regulation

    Bitcoin’s hat trick: Crypto-savvy leaders coming to all three U.S. regulators

    With the Gary Gensler at the SEC, Chris Brummer at the CFTC, and Michael Barr at the OCC, the cryptocurrency industry will face regulators who understand it

    The third week of the year will very likely prove to be its most significant for cryptocurrency innovators and investors. Crypto scored a hat trick with news that President Joe Biden’s three top financial regulators—the chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission, and the bank-overseeing Comptroller of the Currency—will all be intimately familiar with the cryptocurrency and blockchain business.

  • Uncategorized

    Uphold CEO: SEC’s Ripple lawsuit costing ‘completely innocent folks’ billions

    With non-Ripple XRP holders down $10 billion, the Securities and Exchange Commission is doing more damage to small investors than it is to the company, said Uphold CEO J.P. Thieriot

    While all but one of the major U.S.-based cryptocurrency exchanges—Kraken, which has maintained radio silence—responded to the enforcement action by suspending or delisting XRP, the CEO of one trading platform has come out to say he will keep XRP on the books while Ripple fights the lawsuit.

  • Uphold kick over banking
    Cryptocurrencies,  Innovators,  Technology

    J.P. Thieriot wants to kick over finance as you know it

    Digital money platform Uphold lets users trade everything from bitcoins and stock to gold and carbon emission credits—and put them on a debit card

    It’s an ambitious—to say the least—goal for the trading app company, which in September added the ability to trade fractional shares of 50 U.S.-based stocks to its list of 36 cryptocurrencies, 27 fiat currencies, four precious metals and—as of Dec. 1—tokenized carbon offset credits.

  • Ripple (XRP)
    Ripple

    Crypto bank Uphold adds Ripple’s XRP to its buying power

    The big news barely made a ripple as XRP’s price continues to fall

    The price of Ripple’s XRP kept falling Wednesday despite news that Uphold would now enable fee-free purchases. “XRP is now live on Uphold for members to buy, hold and transfer between any of our 30+ currencies and commodities,” the company said earlier this afternoon in a statement. The popular wallet holds over $153 million in seven other cryptocurrencies, 23 fiat currencies, and four precious metals. Two months ago, it was announced that former Ripple exec Greg Kidd invested $57.5 million into Uphold. Kidd said at the time: “Because of the strength of Uphold’s compliance and controls, I’m willing to pledge a certain amount of my balance sheet, or the balance…