Category: Ripple

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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Sologenic to release its XRP Ledger-based DEX before the end of March

Sologenic will release its XRP ledger-based decentralized exchange (DEX) later in March. The platform enables on-demand tokenization of non-blockchain assets such as stocks, ETFs and commodities. Sologenic (SOLO), an ecosystem that enables trading and on-demand tokenization of assets such as stocks, ETFs and fiat on the XRP Ledger, will go live with its Sologenic DEX […]

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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 pilots private version of XRP Ledger for central bank digital currencies

Distributed ledger company Ripple said this week that it is testing a private version of its open-source XRP Ledger for use by central banks. The firm’s work, outlined in a Wednesday blog post, comes as a growing number of central banks pursue digital currency initiatives. Ripple said the CBDC-focused version of XRP Ledger “provides Central […]

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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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Ripple’s Brad Garlinghouse, Chris Larsen File Motions To Dismiss SEC Lawsuit

Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have recently appealed to Judge Analisa Torres, filing two separate motions to dismiss the US SEC’s amended complaint against Ripple and its executives. Regulatory Overreach In a letter dated March 3, 2021, the Attorneys representing Garlinghouse stated that the lawsuit filed by the SEC against Ripple was […]

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Ripple CEO Files a Motion to Dismiss SEC’s Amended Complaint Against Him

Brad Garlinghouse, the CEO of Ripple has filed a motion to dismiss the Security and Exchange Commission’s amended complaint against him calling it a regulatory reach. The SEC filed a class-action lawsuit against Ripple and two of its executives back in December 2020, accusing the decedents of selling unregistered security in the form of XRP […]

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