• Grayscale liquidating XRP Trust
    Ripple,  XRP

    Citing SEC lawsuit, Grayscale liquidating XRP Trust

    Grayscale Investments said the move was a result of the SEC’s securities lawsuit against Ripple, but cited concerns it would have difficulty selling XRP rather than legal concerns

    “In response to the SEC’s action, certain significant market participants have announced measures, including the delisting of XRP from major digital asset trading platforms,” Grayscale said. As a result, the firm came to the “conclusion that it is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP into U.S. dollars, and therefore continue the Trust’s operations.”

  • Gary Gensler at the SEC
    Cryptocurrencies,  Regulation,  Ripple,  XRP

    Gary Gensler at the SEC: Will he be a friend to the crypto industry?

    Although he’s written passionately about digital assets in the past, he’s previously said that most cryptocurrencies sold through ICOs are securities

    If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.

  • markets report bitcoin price XRP
    Bitcoin,  Markets Report,  XRP

    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.

  • Ripple sued by investor Tetragon
    Regulation,  Ripple,  XRP

    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.