Category: Brad Garlinghouse

XRP Surges Past $1.85 As Ripple Executives File Motion to Dismiss SEC Lawsuit, New ATH Coming Soon?

Ripple’s XRP seems to unstoppable at this point as the world’s fourth-largest cryptocurrency recently surged past $1.85 levels with its market cap moving above $82 billion. XRP is currently trading at a 3-year high and at levels last seen during the 2018 altcoin bull run. In the last 24 hours, the XRP price has gained 27% […]

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SEC v Ripple: Court Denies SEC’s Request for Personal Financial Records Not Connected to XRP

In the SEC v. Ripple case, the court has denied the request by the U.S. Securities and Exchange Commission (SEC) for personal financial records of Ripple’s executives that are not connected to XRP. The court says that it “is not convinced” that personal banking records would show the violations as claimed by the SEC. Another […]

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Ripple Wins Discovery: Judge Grants Access to SEC Internal Records on Bitcoin, Ether, XRP

Ripple Labs has reportedly won discovery from the U.S. Securities and Exchange Commission (SEC). The court has ordered the commission to produce internal records relating to discussions of whether XRP tokens are similar to bitcoin and ether, which are currently not classified as securities. Ripple Wins Discovery From SEC, Gaining Access to the Commission’s Internal […]

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US Court Rejects SEC’s Attempt to Block XRP Holders’ Motion to Intervene in Ripple Lawsuit

In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In […]

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SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference

In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.” The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers. Motion to Compel On March […]

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Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged […]

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Reuters: SEC’s Lawsuit Didn’t Impact Ripple’s Business in Asia-Pacific Region

Brad Garlinghouse, the CEO of Ripple in a recent interview with Reuters had said that the ongoing SEC lawsuit against him and his company didn’t impact their business in the Asia-Pacific region, their key remittance corridor. Ripple has flourished as a remittance solution provider with the help of the XRP ledger and has partnered with […]

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Ripple’s Garlinghouse, Larsen to file motions to dismiss in SEC lawsuit

Twin letters filed in federal court indicate that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen will seek a dismissal of the Securities and Exchange Commission’s ongoing lawsuit. The letters, linked here and here, set forth the arguments for dismissal. Both letters highlight pending motions to dismiss, which as of press time are not publicly […]

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Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurrency

Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the U.S. Securities and Exchange Commission (SEC). Last year, the company earned $50.2 million from Ripple for using the platform. Moneygram Stops Using Ripple’s Platform Moneygram International announced Monday that it has suspended trading […]

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