XRP as security debate: attorney John Deaton sheds new light on classification
Cryptopolitan (RSS)
Outspoken attorney and cryptocurrency advocate John Deaton continues to make waves in the discussions surrounding the safety of XRP, a digital currency associated with Ripple Labs.
Deaton recently responded to a tweet from user Caesar Korvinus, who expressed their decision to purchase XRP based on the reputation of Ripple Labs’ Chief Technical Officer, David Schwartz, and the presence of other board members with strong technical backgrounds.
Deaton, never one to shy away from expressing his views, chimed in and shed light on the potential implications of such a purchase. He noted that the infamous Howey Test might be partially met if Korvinus dealt directly with Ripple and bought XRP from the company.
Under the described scenario, investors who acquire XRP like Ripple may be deemed part of a single company. Furthermore, thanks to Schwartz’s efforts, these investors could reasonably expect to make profits with minimal effort.
While acknowledging that there are individuals in Korvinus’ position, Deaton reiterated the SEC’s broader argument that all sales of XRP, including those on the secondary market, constitute investment contracts.
However, Deaton maintained his previous stance that this assertion is inaccurate. He emphasized that the situation changes for users who “acquired XRP for non-investment purposes, like transferring money on the ledger or utilizing the DEX.”
Yes, I said there are people like you out there as well. And, if Ripple had direct contact with you and sold you XRP, there is a valid argument that the Howey test was met because in that scenario 1) you gave💰 to ripple for XRP; 2) you entered into a common enterprise with… https://t.co/Sy9Zr94bOO
— John E Deaton (@JohnEDeaton1) June 24, 2023
Deaton’s comments highlight an ongoing debate regarding the classification of XRP and its potential ramifications for investors. Besides his legal expertise, he brings attention to the evolving landscape surrounding digital currencies and the need for clarity in regulatory frameworks. Consequently, his insights contribute significantly to the discourse surrounding XRP’s legal status.
Furthermore, Deaton’s remarks underscore the importance of considering different user perspectives and motivations for acquiring XRP. He suggests that not all users should be subject to the same investment contract classification, as some obtain XRP for practical purposes unrelated to investments. This nuanced viewpoint challenges the prevailing notion that all XRP transactions should be treated uniformly from a regulatory standpoint.
John Deaton’s latest intervention further fuels the ongoing discussions regarding the safety and classification of XRP. With his legal expertise and insightful perspectives, he offers a fresh and alternative viewpoint highlighting the complexities surrounding digital currency. As the debate unfolds, Deaton’s voice remains a significant addition, shedding light on the diverse motivations and uses of XRP beyond traditional investment activities.
Cryptopolitan (RSS)
Outspoken attorney and cryptocurrency advocate John Deaton continues to make waves in the discussions surrounding the safety of XRP, a digital currency associated with Ripple Labs.
Deaton recently responded to a tweet from user Caesar Korvinus, who expressed their decision to purchase XRP based on the reputation of Ripple Labs’ Chief Technical Officer, David Schwartz, and the presence of other board members with strong technical backgrounds.
Deaton, never one to shy away from expressing his views, chimed in and shed light on the potential implications of such a purchase. He noted that the infamous Howey Test might be partially met if Korvinus dealt directly with Ripple and bought XRP from the company.
Under the described scenario, investors who acquire XRP like Ripple may be deemed part of a single company. Furthermore, thanks to Schwartz’s efforts, these investors could reasonably expect to make profits with minimal effort.
While acknowledging that there are individuals in Korvinus’ position, Deaton reiterated the SEC’s broader argument that all sales of XRP, including those on the secondary market, constitute investment contracts.
However, Deaton maintained his previous stance that this assertion is inaccurate. He emphasized that the situation changes for users who “acquired XRP for non-investment purposes, like transferring money on the ledger or utilizing the DEX.”
Yes, I said there are people like you out there as well. And, if Ripple had direct contact with you and sold you XRP, there is a valid argument that the Howey test was met because in that scenario 1) you gave💰 to ripple for XRP; 2) you entered into a common enterprise with… https://t.co/Sy9Zr94bOO
— John E Deaton (@JohnEDeaton1) June 24, 2023
Deaton’s comments highlight an ongoing debate regarding the classification of XRP and its potential ramifications for investors. Besides his legal expertise, he brings attention to the evolving landscape surrounding digital currencies and the need for clarity in regulatory frameworks. Consequently, his insights contribute significantly to the discourse surrounding XRP’s legal status.
Furthermore, Deaton’s remarks underscore the importance of considering different user perspectives and motivations for acquiring XRP. He suggests that not all users should be subject to the same investment contract classification, as some obtain XRP for practical purposes unrelated to investments. This nuanced viewpoint challenges the prevailing notion that all XRP transactions should be treated uniformly from a regulatory standpoint.
John Deaton’s latest intervention further fuels the ongoing discussions regarding the safety and classification of XRP. With his legal expertise and insightful perspectives, he offers a fresh and alternative viewpoint highlighting the complexities surrounding digital currency. As the debate unfolds, Deaton’s voice remains a significant addition, shedding light on the diverse motivations and uses of XRP beyond traditional investment activities.
Twitter
@JohnEDeaton1 @jesse_hynes So what about the ones like myself that invested in #XRP AKA Ripples (the ones in it long enough know what i mean) that absolutely knew about @Ripple? One of the main reasons I invested back in 2016 is because of who sat on the…
CZ 🔶 Binance (Twitter)
RT @Spigg1115: #Binance never stopped trading on #XRP 😏 during this all time…
Supported all this time until the final victory, for the good of cryptocurrency…
Just saying lol
This is what we call having big balls haha 😆💪🏽
Crypto wins!!!! 👊🏽 https://t.co/g25kOr5JFZ
RT @Spigg1115: #Binance never stopped trading on #XRP 😏 during this all time…
Supported all this time until the final victory, for the good of cryptocurrency…
Just saying lol
This is what we call having big balls haha 😆💪🏽
Crypto wins!!!! 👊🏽 https://t.co/g25kOr5JFZ
Uphold remains 100% loyal to XRP, states its CEO
Cryptopolitan (RSS)
XRP, the prominent digital asset, continues to be the cornerstone of Uphold’s strategy, reflecting the digital currency platform’s unequivocal commitment. The leading fintech platform’s CEO, Simon McLoughlin, recently articulated Uphold’s dedication to the XRP community, prioritizing transparency and fund security.
Uphold CEO Simon McLoughlin explains why the #XRP community continues to stand by Uphold after the SEC ruling.
▪️ Uphold's loyalty to XRP
▪️ Trust & Transparency
▪️ 100% Reserved
▪️ Security
🎥 Watch the full interview with @cryptolewlew: https://t.co/xqFMVODT1B pic.twitter.com/YuCLyEPJi0
— Uphold (@UpholdInc) August 19, 2023
XRP Transactions: A surge against market assumptions
Simon McLoughlin, in a recent interaction, unveiled that, contrary to market anticipations hinting at outflows, Uphold has witnessed a significant surge in funds. Leading this charge are XRP-based transactions. Uphold’s consistent advocacy for the altcoin’s community over the past two years has significantly contributed to this unexpected upturn.
Transparency remains a linchpin for Uphold, distinguishing it in a saturated market. As McLoughlin emphasized, Uphold refreshes its reserve status every half-minute, showcasing real-time data as a unique selling proposition.
XRP Reserves: Behind Uphold’s impressive numbers
A dive into the numbers on Uphold’s site reveals every asset’s stunning 101.9% collateralization. The platform’s liabilities, amounting to $1.9 billion, are diligently matched with reserves tallying at $1.936 billion.
However, the spotlight undeniably shines on Uphold’s XRP figures. With $1.233 billion in liabilities, the altcoin’s transactions constitute an impressive 28.41% of Uphold’s total activity. These metrics underscore XRP’s monumental role on the platform.
With these strides, Uphold is not only making waves but is also carving a niche for itself. Setting a precedent in the dynamic world of digital finance, Uphold’s persistent support for XRP and its trailblazing transparency measures could chart a new course for the crypto realm.
Uphold’s security protocols
Beyond its strong XRP stance and transparency mission, Uphold lays significant emphasis on fortifying user funds. Adopting cutting-edge security solutions, the platform assures its clientele of the safety of their digital holdings.
A Deep Dive into Uphold’s Security Protocols:
Multi-tiered Authentication: Beyond mere passwords, Uphold mandates multiple verification levels, fortifying against unsanctioned access.
Encryption Excellence: Uphold champions the use of secure socket layer (SSL) encryption, fortifying user data and upholding privacy.
Offline Asset Protection: By leveraging cold storage, Uphold ensures a large chunk of its assets remain offline, effectively sidelining online hacking threats.
Hands-on Transaction Oversight: Bigger transactions undergo manual scrutiny. Each request is meticulously examined by specialists, ensuring every move is valid and user-endorsed.
Security Vigilance: In a commitment to airtight protection, Uphold consistently undergoes exhaustive security checks. Collaborating with third-party security mavens and exhaustive penetration tests, Uphold is ever-prepared against potential security breaches.
Cryptopolitan (RSS)
XRP, the prominent digital asset, continues to be the cornerstone of Uphold’s strategy, reflecting the digital currency platform’s unequivocal commitment. The leading fintech platform’s CEO, Simon McLoughlin, recently articulated Uphold’s dedication to the XRP community, prioritizing transparency and fund security.
Uphold CEO Simon McLoughlin explains why the #XRP community continues to stand by Uphold after the SEC ruling.
▪️ Uphold's loyalty to XRP
▪️ Trust & Transparency
▪️ 100% Reserved
▪️ Security
🎥 Watch the full interview with @cryptolewlew: https://t.co/xqFMVODT1B pic.twitter.com/YuCLyEPJi0
— Uphold (@UpholdInc) August 19, 2023
XRP Transactions: A surge against market assumptions
Simon McLoughlin, in a recent interaction, unveiled that, contrary to market anticipations hinting at outflows, Uphold has witnessed a significant surge in funds. Leading this charge are XRP-based transactions. Uphold’s consistent advocacy for the altcoin’s community over the past two years has significantly contributed to this unexpected upturn.
Transparency remains a linchpin for Uphold, distinguishing it in a saturated market. As McLoughlin emphasized, Uphold refreshes its reserve status every half-minute, showcasing real-time data as a unique selling proposition.
XRP Reserves: Behind Uphold’s impressive numbers
A dive into the numbers on Uphold’s site reveals every asset’s stunning 101.9% collateralization. The platform’s liabilities, amounting to $1.9 billion, are diligently matched with reserves tallying at $1.936 billion.
However, the spotlight undeniably shines on Uphold’s XRP figures. With $1.233 billion in liabilities, the altcoin’s transactions constitute an impressive 28.41% of Uphold’s total activity. These metrics underscore XRP’s monumental role on the platform.
With these strides, Uphold is not only making waves but is also carving a niche for itself. Setting a precedent in the dynamic world of digital finance, Uphold’s persistent support for XRP and its trailblazing transparency measures could chart a new course for the crypto realm.
Uphold’s security protocols
Beyond its strong XRP stance and transparency mission, Uphold lays significant emphasis on fortifying user funds. Adopting cutting-edge security solutions, the platform assures its clientele of the safety of their digital holdings.
A Deep Dive into Uphold’s Security Protocols:
Multi-tiered Authentication: Beyond mere passwords, Uphold mandates multiple verification levels, fortifying against unsanctioned access.
Encryption Excellence: Uphold champions the use of secure socket layer (SSL) encryption, fortifying user data and upholding privacy.
Offline Asset Protection: By leveraging cold storage, Uphold ensures a large chunk of its assets remain offline, effectively sidelining online hacking threats.
Hands-on Transaction Oversight: Bigger transactions undergo manual scrutiny. Each request is meticulously examined by specialists, ensuring every move is valid and user-endorsed.
Security Vigilance: In a commitment to airtight protection, Uphold consistently undergoes exhaustive security checks. Collaborating with third-party security mavens and exhaustive penetration tests, Uphold is ever-prepared against potential security breaches.
Twitter
Uphold on X
Uphold CEO Simon McLoughlin explains why the #XRP community continues to stand by Uphold after the SEC ruling.
▪️ Uphold's loyalty to XRP
▪️ Trust & Transparency
▪️ 100% Reserved
▪️ Security
🎥 Watch the full interview with @cryptolewlew: https://t.co/xqFMVODT1B
▪️ Uphold's loyalty to XRP
▪️ Trust & Transparency
▪️ 100% Reserved
▪️ Security
🎥 Watch the full interview with @cryptolewlew: https://t.co/xqFMVODT1B
XRP Ignites September with 7-Month High Activity Amid SEC Showdown
CoinGape (RSS)
According to a recent report, Ripple’s ongoing dispute with the Securities and Exchange Commission (SEC) is causing waves. Consequently, the XRP market has observed significant spikes in utility this month. Besides the case’s impact, XRP has experienced a 7-month high on-chain volume and a 3-month peak in circulation. 🧑💻 #XRP is seeing major utility spikes
The post XRP Ignites September with 7-Month High Activity Amid SEC Showdown appeared first on CoinGape.
CoinGape (RSS)
According to a recent report, Ripple’s ongoing dispute with the Securities and Exchange Commission (SEC) is causing waves. Consequently, the XRP market has observed significant spikes in utility this month. Besides the case’s impact, XRP has experienced a 7-month high on-chain volume and a 3-month peak in circulation. 🧑💻 #XRP is seeing major utility spikes
The post XRP Ignites September with 7-Month High Activity Amid SEC Showdown appeared first on CoinGape.
Major global banks embrace XRP through Volante’s integration with Ripple
Cryptopolitan (RSS)
In a significant development for the cryptocurrency community and the broader financial industry, several top global banks have integrated with Ripple’s real-time payment network using Volante’s cutting-edge cloud payments and financial messaging solutions. The move aims to revolutionize cross-border transactions and enhance the efficiency of payment processes for businesses and customers.
Financial blog WallStreetBulls recently reported that Volante, a leading global provider of cloud payments and financial messaging solutions, has successfully onboarded several major global banks onto Ripple’s real-time payment network. This integration marks a significant milestone for the XRP community and the cryptocurrency industry at large.
🚀🔥 MAJOR UPDATE for the #XRPCommunity and #CryptoWorld! 🔥🚀
🌐 Top 5 global banks are NOW onboarded to use #XRP through Volante! 🏦💸 🔗 Volante's integration with Ripple's real-time payment network is revolutionizing cross-border transactions! 🌍⚡ 📢 Don't just take my word… pic.twitter.com/lM2WgWokbO
— WallStreetBulls (@w_thejazz) October 15, 2023
WallStreetBulls shared a short video detailing the latest development and highlighting the benefits of Volante’s integration with Ripple. The video underscores the transformative potential of this partnership, emphasizing the advantages it brings to the world of cross-border transactions.
Volante’s integration with Ripple is described by the company as an opportunity for users to elevate their payment capabilities and offer a more competitive and efficient service. The voice-over in the accompanying video emphasizes that this integration enables businesses to onboard customers faster and provides a host of benefits for integrated users.
A longstanding partnership between Volante and Ripple
Volante’s collaboration with Ripple dates back several years, aligning with the rise of the cryptocurrency industry. Responding to WallStreetBulls’ post, one user, Mom Senja, shared a screenshot that revealed the enduring partnership between both companies. The screenshot contained an announcement by Ripple from 2016, stating that Volante had launched a “plug and play” Ripple integration solution, showcasing the long-term commitment of both organizations to innovation and seamless integration.
In a testament to the reliability and effectiveness of Volante’s solutions, the cloud payments provider completed a successful pilot testing with a leading US-based custodian bank in June 2023. This pilot involved the testing of the FedNow instant payments service, a crucial element of the modern financial landscape. WallStreetBulls’ post suggests that this milestone marks the culmination of Volante’s efforts to onboard top banks, signaling a potential uptick in XRP adoption.
The successful integration of major global banks with Ripple’s real-time payment network through Volante’s solutions holds significant implications for the adoption of XRP, the cryptocurrency used to facilitate these transactions. With improved cross-border capabilities, faster payments, and access to cutting-edge financial technology, XRP is poised to become an even more attractive option for financial institutions and businesses seeking efficient payment solutions.
Cryptopolitan (RSS)
In a significant development for the cryptocurrency community and the broader financial industry, several top global banks have integrated with Ripple’s real-time payment network using Volante’s cutting-edge cloud payments and financial messaging solutions. The move aims to revolutionize cross-border transactions and enhance the efficiency of payment processes for businesses and customers.
Financial blog WallStreetBulls recently reported that Volante, a leading global provider of cloud payments and financial messaging solutions, has successfully onboarded several major global banks onto Ripple’s real-time payment network. This integration marks a significant milestone for the XRP community and the cryptocurrency industry at large.
🚀🔥 MAJOR UPDATE for the #XRPCommunity and #CryptoWorld! 🔥🚀
🌐 Top 5 global banks are NOW onboarded to use #XRP through Volante! 🏦💸 🔗 Volante's integration with Ripple's real-time payment network is revolutionizing cross-border transactions! 🌍⚡ 📢 Don't just take my word… pic.twitter.com/lM2WgWokbO
— WallStreetBulls (@w_thejazz) October 15, 2023
WallStreetBulls shared a short video detailing the latest development and highlighting the benefits of Volante’s integration with Ripple. The video underscores the transformative potential of this partnership, emphasizing the advantages it brings to the world of cross-border transactions.
Volante’s integration with Ripple is described by the company as an opportunity for users to elevate their payment capabilities and offer a more competitive and efficient service. The voice-over in the accompanying video emphasizes that this integration enables businesses to onboard customers faster and provides a host of benefits for integrated users.
A longstanding partnership between Volante and Ripple
Volante’s collaboration with Ripple dates back several years, aligning with the rise of the cryptocurrency industry. Responding to WallStreetBulls’ post, one user, Mom Senja, shared a screenshot that revealed the enduring partnership between both companies. The screenshot contained an announcement by Ripple from 2016, stating that Volante had launched a “plug and play” Ripple integration solution, showcasing the long-term commitment of both organizations to innovation and seamless integration.
In a testament to the reliability and effectiveness of Volante’s solutions, the cloud payments provider completed a successful pilot testing with a leading US-based custodian bank in June 2023. This pilot involved the testing of the FedNow instant payments service, a crucial element of the modern financial landscape. WallStreetBulls’ post suggests that this milestone marks the culmination of Volante’s efforts to onboard top banks, signaling a potential uptick in XRP adoption.
The successful integration of major global banks with Ripple’s real-time payment network through Volante’s solutions holds significant implications for the adoption of XRP, the cryptocurrency used to facilitate these transactions. With improved cross-border capabilities, faster payments, and access to cutting-edge financial technology, XRP is poised to become an even more attractive option for financial institutions and businesses seeking efficient payment solutions.
X (formerly Twitter)
WallStreetBulls on X
🚀🔥 MAJOR UPDATE for the #XRPCommunity and #CryptoWorld! 🔥🚀
🌐 Top 5 global banks are NOW onboarded to use #XRP through Volante! 🏦💸 🔗 Volante's integration with Ripple's real-time payment network is revolutionizing cross-border transactions! 🌍⚡ 📢 Don't just…
🌐 Top 5 global banks are NOW onboarded to use #XRP through Volante! 🏦💸 🔗 Volante's integration with Ripple's real-time payment network is revolutionizing cross-border transactions! 🌍⚡ 📢 Don't just…
SEC drops charges against Ripple’s Brad Garlinghouse and Chris Larsen
Cryptopolitan (RSS)
In a significant development in the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), all charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have been dismissed. Stuart Alderoty, Ripple’s Chief Legal Officer, termed this move by the SEC as not just a settlement but a “surrender.” The SEC had previously accused the Ripple executives of being personally liable for the sale of illegal securities in the form of Ripple’s XRP token.
The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC. https://t.co/TOsG64ZdEx
— Stuart Alderoty (@s_alderoty) October 19, 2023
However, this turn of events doesn’t mark the end of the road for the legal dispute between the two parties. According to a filing on Thursday, the SEC stated, “The SEC and Ripple intend to meet and confer on a potential briefing schedule with respect to the pending issue in the case—what remedies are proper against Ripple for its Section 5 violations with respect to its Institutional Sales of XRP.”
Ongoing issues with Ripple’s sales practices
Judge Analisa Torres, who presided over the case, previously ruled that some of Ripple’s XRP sales did not violate securities laws. These sales were conducted through a blind bid process. Despite this partial win for the SEC, the agency is now focusing its legal efforts on determining suitable remedies for other Ripple sales considered violations under Section 5. Both parties have agreed to propose a briefing schedule on the matter by November 9, 2023, should they be unable to reach a compromise.
The SEC’s earlier efforts to slow down the trial met with failure. The agency was denied its request for an interlocutory appeal and also failed to secure a stay of trial. Therefore, although the personal charges against Garlinghouse and Larsen have been dropped, Ripple Labs remains a named defendant in the case and will likely continue to face legal scrutiny.
Ripple executives speak out
Brad Garlinghouse and Chris Larsen expressed relief over the SEC’s decision to drop the charges. “Today was an even better day,” remarked Garlinghouse, emphasizing the personal toll the case had taken on them. Larsen, too, criticized the SEC’s attempt to “abuse the rules to advance a political agenda to destroy cryptocurrencies in America.”
Moreover, the SEC has come under fire for what some see as inconsistent application of securities laws, especially concerning cryptocurrencies. Ripple’s executives questioned the agency’s focus on their company while allegedly neglecting consumer protection concerns.
While the dismissal of charges against Ripple’s executives offers some degree of closure, it opens up new questions about the SEC’s future strategy in regulating cryptocurrencies. Additionally, the move draws attention to how the regulatory body will handle alleged Section 5 violations by Ripple Labs in its institutional sales of XRP.
The continued legal entanglements suggest that although Ripple’s executives are off the hook for now, challenges for the cryptocurrency company are far from over. The SEC’s pivot towards Ripple’s sales practices indicates a recalibration in their legal approach, hinting at the intricate battles ahead.
Cryptopolitan (RSS)
In a significant development in the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), all charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have been dismissed. Stuart Alderoty, Ripple’s Chief Legal Officer, termed this move by the SEC as not just a settlement but a “surrender.” The SEC had previously accused the Ripple executives of being personally liable for the sale of illegal securities in the form of Ripple’s XRP token.
The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC. https://t.co/TOsG64ZdEx
— Stuart Alderoty (@s_alderoty) October 19, 2023
However, this turn of events doesn’t mark the end of the road for the legal dispute between the two parties. According to a filing on Thursday, the SEC stated, “The SEC and Ripple intend to meet and confer on a potential briefing schedule with respect to the pending issue in the case—what remedies are proper against Ripple for its Section 5 violations with respect to its Institutional Sales of XRP.”
Ongoing issues with Ripple’s sales practices
Judge Analisa Torres, who presided over the case, previously ruled that some of Ripple’s XRP sales did not violate securities laws. These sales were conducted through a blind bid process. Despite this partial win for the SEC, the agency is now focusing its legal efforts on determining suitable remedies for other Ripple sales considered violations under Section 5. Both parties have agreed to propose a briefing schedule on the matter by November 9, 2023, should they be unable to reach a compromise.
The SEC’s earlier efforts to slow down the trial met with failure. The agency was denied its request for an interlocutory appeal and also failed to secure a stay of trial. Therefore, although the personal charges against Garlinghouse and Larsen have been dropped, Ripple Labs remains a named defendant in the case and will likely continue to face legal scrutiny.
Ripple executives speak out
Brad Garlinghouse and Chris Larsen expressed relief over the SEC’s decision to drop the charges. “Today was an even better day,” remarked Garlinghouse, emphasizing the personal toll the case had taken on them. Larsen, too, criticized the SEC’s attempt to “abuse the rules to advance a political agenda to destroy cryptocurrencies in America.”
Moreover, the SEC has come under fire for what some see as inconsistent application of securities laws, especially concerning cryptocurrencies. Ripple’s executives questioned the agency’s focus on their company while allegedly neglecting consumer protection concerns.
While the dismissal of charges against Ripple’s executives offers some degree of closure, it opens up new questions about the SEC’s future strategy in regulating cryptocurrencies. Additionally, the move draws attention to how the regulatory body will handle alleged Section 5 violations by Ripple Labs in its institutional sales of XRP.
The continued legal entanglements suggest that although Ripple’s executives are off the hook for now, challenges for the cryptocurrency company are far from over. The SEC’s pivot towards Ripple’s sales practices indicates a recalibration in their legal approach, hinting at the intricate battles ahead.
XRP Price Prediction: Expert Sees Potential Surge to $3.70
CoinGape (RSS)
Ripple XRP coin is currently in the spotlight following an expert’s analysis suggesting a potential surge in its value. Amid its ongoing consolidation phase, Ripple is showing signs that could lead to a significant increase in its price, possibly reaching $3.70.
Currently valued at $0.63, XRP is experiencing a consolidation phase along a slanted trend line. This pattern is reminiscent of previous cycles where the asset showed significant growth following similar trends. In 2021, XRP witnessed a 500% gain, reaching $1.60. This historical precedent and current market conditions form the basis of the expert’s prediction for a potential surge.
#XRP Super Guppy (Update)
Latest Development Check:
For a clearer picture, refer to the October 28, 2022 post: https://t.co/WPLTtxRvov
Wha...
View original post
CoinGape (RSS)
Ripple XRP coin is currently in the spotlight following an expert’s analysis suggesting a potential surge in its value. Amid its ongoing consolidation phase, Ripple is showing signs that could lead to a significant increase in its price, possibly reaching $3.70.
Currently valued at $0.63, XRP is experiencing a consolidation phase along a slanted trend line. This pattern is reminiscent of previous cycles where the asset showed significant growth following similar trends. In 2021, XRP witnessed a 500% gain, reaching $1.60. This historical precedent and current market conditions form the basis of the expert’s prediction for a potential surge.
#XRP Super Guppy (Update)
Latest Development Check:
For a clearer picture, refer to the October 28, 2022 post: https://t.co/WPLTtxRvov
Wha...
View original post
XRP investors on tenterhooks as Whale shakes up crypto landscape
Cryptopolitan (RSS)
In a recent development that has raised eyebrows in the cryptocurrency community, a substantial transfer of Ripple (XRP) tokens was observed on the Bitstamp exchange. A whale investor moved a significant amount of XRP, sparking intense speculation about the future of this payment-focused cryptocurrency.
Large XRP transfer raises questions
Whale Alert reported the movement of approximately 29 million XRP coins from an undisclosed wallet to the Bitstamp trading platform. At the time of the transfer, this stash of XRP was valued at $14.5 million based on the prevailing market rates.
🚨 29,000,000 #XRP (14,727,000 USD) transferred from unknown wallet to ...
View original post
Cryptopolitan (RSS)
In a recent development that has raised eyebrows in the cryptocurrency community, a substantial transfer of Ripple (XRP) tokens was observed on the Bitstamp exchange. A whale investor moved a significant amount of XRP, sparking intense speculation about the future of this payment-focused cryptocurrency.
Large XRP transfer raises questions
Whale Alert reported the movement of approximately 29 million XRP coins from an undisclosed wallet to the Bitstamp trading platform. At the time of the transfer, this stash of XRP was valued at $14.5 million based on the prevailing market rates.
🚨 29,000,000 #XRP (14,727,000 USD) transferred from unknown wallet to ...
View original post
🚨 JUST IN: Ripple Prime Launches US Equity Derivatives Service
Ripple Prime has expanded its institutional offerings to include Delta One business services.
Clients can now access total return swaps for US-listed equities, indexes, and digital assets.
The platform enables cross-margin exposures across traditional and crypto markets.
#Ripple #XRP #TradFi #CryptoNews
Read more
Ripple Prime has expanded its institutional offerings to include Delta One business services.
Clients can now access total return swaps for US-listed equities, indexes, and digital assets.
The platform enables cross-margin exposures across traditional and crypto markets.
#Ripple #XRP #TradFi #CryptoNews
Read more
🚨 JUST IN: XRP Treasury Company Evernorth Set for Nasdaq Listing
The SEC has cleared merger paperwork for Evernorth, a Ripple-backed XRP treasury firm.
Shareholders will vote on September 30 to finalize the listing under the ticker XRPN.
This marks a major institutional milestone for the XRP ecosystem on US public markets.
#XRP #Ripple #Nasdaq #CryptoNews
Read more
The SEC has cleared merger paperwork for Evernorth, a Ripple-backed XRP treasury firm.
Shareholders will vote on September 30 to finalize the listing under the ticker XRPN.
This marks a major institutional milestone for the XRP ecosystem on US public markets.
#XRP #Ripple #Nasdaq #CryptoNews
Read more
Coindesk
XRP treasury news: Ripple backed company Evernoth is a shareholder vote away from Nasdaq
The SEC cleared the paperwork for Evernorth's merger with a shell company, setting up a Sept. 30 vote and a listing under the ticker XRPN.
💰 XRP Institutional Shorts Surge to 115 Million Tokens
CME XRP open interest jumped nearly 40% in a single week according to the latest CFTC report. Leveraged funds have doubled their net short positions, now holding a net short of 2,314 contracts, equivalent to approximately 115.7 million XRP.
This aggressive shorting comes despite XRP rebounding 32% from the $1 level this month to trade near $1.38. While leveraged funds are betting against the momentum, other institutional players like dealers and asset managers have increased their net long positions.
Dealers added 59.75 million XRP in net longs, while asset managers added 28.25 million XRP. This creates a sharp divide in institutional sentiment as the CME market expands rapidly.
#XRP #Ripple #CryptoNews #CFTC
CME XRP open interest jumped nearly 40% in a single week according to the latest CFTC report. Leveraged funds have doubled their net short positions, now holding a net short of 2,314 contracts, equivalent to approximately 115.7 million XRP.
This aggressive shorting comes despite XRP rebounding 32% from the $1 level this month to trade near $1.38. While leveraged funds are betting against the momentum, other institutional players like dealers and asset managers have increased their net long positions.
Dealers added 59.75 million XRP in net longs, while asset managers added 28.25 million XRP. This creates a sharp divide in institutional sentiment as the CME market expands rapidly.
#XRP #Ripple #CryptoNews #CFTC
⚡ AI Agents Drive 4.5 Million Transactions on XRP Ledger
Data from the XRPL AI Hub reveals that AI agents have executed nearly 4.5 million transactions on the XRP Ledger. Despite the massive volume, these micro-payments settled a cumulative total of only 5,836 XRP and 4,125 RLUSD, Ripple’s dollar-pegged stablecoin.
The activity is driven by the XRPL AI Starter Kit launched in June, which allows software agents to pay for API calls and AI inference in tiny, fractional increments. The hub currently tracks 152 registered merchants and reports a seven-day average of nearly 200,000 payments per day.
XRP is currently trading around $1.40 with a market capitalization of $87.5 billion, maintaining its position as the #5 largest digital asset by market cap.
#XRP #Ripple #AI #Blockchain
Data from the XRPL AI Hub reveals that AI agents have executed nearly 4.5 million transactions on the XRP Ledger. Despite the massive volume, these micro-payments settled a cumulative total of only 5,836 XRP and 4,125 RLUSD, Ripple’s dollar-pegged stablecoin.
The activity is driven by the XRPL AI Starter Kit launched in June, which allows software agents to pay for API calls and AI inference in tiny, fractional increments. The hub currently tracks 152 registered merchants and reports a seven-day average of nearly 200,000 payments per day.
XRP is currently trading around $1.40 with a market capitalization of $87.5 billion, maintaining its position as the #5 largest digital asset by market cap.
#XRP #Ripple #AI #Blockchain
🔴 US Senate Blocks CLARITY Act; XRP Drops 8%
The US Senate has rejected the Digital Asset Market Clarity Act (H.R. 3633) in a 49-50 vote. The failure to advance the bill removes a near-term path for a federal crypto market-structure framework, causing XRP to slide over 8% to a low of $1.27 amid broader market liquidations.
Despite the legislative setback, Ripple leadership maintains that XRP's status as a digital commodity remains settled under current SEC and CFTC interpretations. Chief Legal Officer Stuart Alderoty noted that the March regulatory framework identifying XRP among 18 digital commodities is still in effect.
#XRP #Ripple #CryptoRegulation #SEC
The US Senate has rejected the Digital Asset Market Clarity Act (H.R. 3633) in a 49-50 vote. The failure to advance the bill removes a near-term path for a federal crypto market-structure framework, causing XRP to slide over 8% to a low of $1.27 amid broader market liquidations.
Despite the legislative setback, Ripple leadership maintains that XRP's status as a digital commodity remains settled under current SEC and CFTC interpretations. Chief Legal Officer Stuart Alderoty noted that the March regulatory framework identifying XRP among 18 digital commodities is still in effect.
#XRP #Ripple #CryptoRegulation #SEC
⚡ Ripple Integrates Stripe-Backed AI Payment Standard
RippleX has released version 1.1 of its XRPL AI Starter Kit, adding support for the Machine Payments Protocol (MPP). This protocol, co-authored by Stripe and Tempo, allows AI agents to autonomously pay for computing power, data, and other online services.
The update enables software agents to use XRP and Ripple’s upcoming RLUSD stablecoin for transactions. It supports both one-time payments and ongoing payment sessions, though session-based payments for stablecoins currently require a proposed ledger upgrade.
By integrating the Open Wallet Standard, the kit lets AI agents request transactions without accessing private keys. It includes security safeguards such as spending limits and approved destinations to prevent unauthorized fund use.
#Ripple #XRP #Stripe #AI
RippleX has released version 1.1 of its XRPL AI Starter Kit, adding support for the Machine Payments Protocol (MPP). This protocol, co-authored by Stripe and Tempo, allows AI agents to autonomously pay for computing power, data, and other online services.
The update enables software agents to use XRP and Ripple’s upcoming RLUSD stablecoin for transactions. It supports both one-time payments and ongoing payment sessions, though session-based payments for stablecoins currently require a proposed ledger upgrade.
By integrating the Open Wallet Standard, the kit lets AI agents request transactions without accessing private keys. It includes security safeguards such as spending limits and approved destinations to prevent unauthorized fund use.
#Ripple #XRP #Stripe #AI
💰 XRP Rebounds to $1.40 Despite 80% Drop in Binance Spot Volume
XRP is trading near $1.40 as the market recovers from a significant volatility event. Data reveals that $40.70 million in long positions were liquidated across Binance, Bybit, and OKX between October 7 and 8, flushing out traders betting on higher prices.
Despite the price recovery, Binance spot turnover plummeted by nearly 80%, falling from 252.45 million USDT to 54.12 million USDT over two days. This suggests the current price rebound lacks strong support from spot buyers on the world’s largest exchange.
Futures market data indicates a shift in sentiment as open interest begins to rebuild. Funding rates have also turned positive across major venues, meaning long position holders are once again paying shorts to maintain their exposure.
#XRP #Binance #CryptoNews #Liquidations
XRP is trading near $1.40 as the market recovers from a significant volatility event. Data reveals that $40.70 million in long positions were liquidated across Binance, Bybit, and OKX between October 7 and 8, flushing out traders betting on higher prices.
Despite the price recovery, Binance spot turnover plummeted by nearly 80%, falling from 252.45 million USDT to 54.12 million USDT over two days. This suggests the current price rebound lacks strong support from spot buyers on the world’s largest exchange.
Futures market data indicates a shift in sentiment as open interest begins to rebuild. Funding rates have also turned positive across major venues, meaning long position holders are once again paying shorts to maintain their exposure.
#XRP #Binance #CryptoNews #Liquidations
💰 84 Million XRP Inflow to Exchanges
Wallets linked to 24 crypto exchanges added 83.94 million XRP between Oct. 13 and Oct. 15. This brings the total tracked exchange holdings to 22.06 billion XRP, a 0.38% increase in just three days.
Binance saw the largest increase, accounting for 54.61 million XRP of the weekly net growth. Other major inflows were recorded at Upbit, Kraken, and Coinbase, while Bybit and Bitfinex saw minor outflows.
The surge in exchange balances occurred as the XRP price hovered around $1.32. Large transfers to exchanges are often viewed as a signal of potential selling pressure, as holders move assets out of private storage to trading platforms.
#XRP #Ripple #Binance #CryptoNews
Wallets linked to 24 crypto exchanges added 83.94 million XRP between Oct. 13 and Oct. 15. This brings the total tracked exchange holdings to 22.06 billion XRP, a 0.38% increase in just three days.
Binance saw the largest increase, accounting for 54.61 million XRP of the weekly net growth. Other major inflows were recorded at Upbit, Kraken, and Coinbase, while Bybit and Bitfinex saw minor outflows.
The surge in exchange balances occurred as the XRP price hovered around $1.32. Large transfers to exchanges are often viewed as a signal of potential selling pressure, as holders move assets out of private storage to trading platforms.
#XRP #Ripple #Binance #CryptoNews
💰 Ripple & Aviva: £22 Billion Giant Expands on XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
🚨 Ripple and Robinhood Expand Partnership for RLUSD Stablecoin
Ripple and Robinhood have announced a major expansion to bring the RLUSD stablecoin to retail and institutional markets. The stablecoin will launch on the Robinhood app later this year, following its current availability on Bitstamp and Robinhood Chain.
Robinhood will also integrate Ripple Treasury to manage its global cash operations and liquidity. Additionally, the platform plans to use RLUSD on the XRP Ledger for institutional settlements, moving beyond customer services into internal financial infrastructure.
The news coincides with Ripple receiving final OCC approval to establish a national trust bank to manage RLUSD reserves. BNY has also expanded its role, supporting custody for XRP and RLUSD while allowing clients to mint and redeem the stablecoin directly.
#Ripple #Robinhood #RLUSD #XRP
Ripple and Robinhood have announced a major expansion to bring the RLUSD stablecoin to retail and institutional markets. The stablecoin will launch on the Robinhood app later this year, following its current availability on Bitstamp and Robinhood Chain.
Robinhood will also integrate Ripple Treasury to manage its global cash operations and liquidity. Additionally, the platform plans to use RLUSD on the XRP Ledger for institutional settlements, moving beyond customer services into internal financial infrastructure.
The news coincides with Ripple receiving final OCC approval to establish a national trust bank to manage RLUSD reserves. BNY has also expanded its role, supporting custody for XRP and RLUSD while allowing clients to mint and redeem the stablecoin directly.
#Ripple #Robinhood #RLUSD #XRP