• ripple SEC bank accounts
    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

    “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.

  • ripple YouTube settle giveaway scam lawsuit
    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

    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.

  • MoneyGram ends Ripple partnership
    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’

    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.

  • XRP beats Bitcoin Ether as CBDC platform
    Ripple,  XRP

    XRP beats Bitcoin, Ether as central bank digital currency platform

    An Australian report said Ripple’s permissioned network enjoys ‘the trust of many banks as a model for CBDCs’

    Ripple is a better platform for central bank digital currencies than Ethereum or Bitcoin, according to a new report from CPA Australia, a large accounting industry association. It said that Ripple and the XRP token that underpins it “enjoy the trust of many banks as a model for CBDCs because it is highly centralized and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralized and permissionless Bitcoin and Ether.”