XRP prices rose as the SEC missed its October 16 deadline. Ripple co-founder Chris Larsen made a significant XRP donation to the Kamala Harris campaign.
While Ripple pushes forward with its ambitious expansion plans in Dubai and Brazil, and prepares for the launch of its RLUSD stablecoin, the blockchain giant now must prepare to counter the U.S. agency's appeal.
XRP trades at $1.15 after another favorable court ruling and a ledger upgrade while markets reacted to potential regulatory shifts under the Trump administration.
XRP trades at $1.15 after another favorable court ruling and a ledger upgrade while markets reacted to potential regulatory shifts under the Trump administration.
XRP prices rose as the SEC missed its October 16 deadline. Ripple co-founder Chris Larsen made a significant XRP donation to the Kamala Harris campaign.
While Ripple pushes forward with its ambitious expansion plans in Dubai and Brazil, and prepares for the launch of its RLUSD stablecoin, the blockchain giant now must prepare to counter the U.S. agency's appeal.
More legal tussling as the blockchain company claims that the so-called Fox Declaration should have been classified as expert testimony, not "standard summary evidence," as the SEC claims.
The new protocol will function partly off-chain and draws inspiration from traditional banking models. Although it has sparked excitement within the ecosystem, there are also concerns about whether it might be considered an unlicensed lending product.
Aiming for a slice of a rapidly growing market, Ripple, the company behind the XRP Ledger, has announced its own stablecoin. The token, pegged to the value of the US dollar, is expected to launch later this year.
Ripple faces a hefty potential financial penalty following a new proposal from the SEC. The firm maintains the sales were legal and plans to contest the charges in April.
