Thursday, July 3, 2025

Creating liberating content

Related News

Footballer Diogo Jota has died in a tragic car accident. He was 28.Just weeks ago, he was all smiles—walking down the aisle, hand-in-hand with the love of his life. Friends

One of the golden tips from Brown to live a healthier and longer life is to stay active. She likes to walk. While she no longer treks long distances, Brown

HDB Financial Services experienced a significant surge, with shares rising over 4% to Rs 874.90 on Thursday following its successful exchange listing a day prior.As of 1.30 pm, it was

India is actively exploring the possibility of signing a social security agreement (SSA) with the United States, in a move that could offer significant financial relief to Indian professionals working

The key to early detection is awareness and regular health checkups. This apart, the HPV vaccine protects against HPV types that cause cervical, vaginal, vulvar, penile, anal, and oropharyngeal cancers,

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1751527691.cc23e9b Source link

Trending News

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1751527488.aafd148 Source link

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a flat note on Thursday. While Nifty50 was above 25,500,

Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Titagarh Rail Systems, ICICI

A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on

MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs

MUMBAI: RBI has mooted a unique, secure borrower identifier to avoid duplication and misreporting of data with credit bureaus, and to improve loan access for borrowers.“Credit information companies rely on

XRP surges after Ripple CEO Brad Garlinghouse says SEC is dropping its lawsuit against the company

Word Count: 397 | Estimated Reading Time: 2 minutes


A visual representation of the digital cryptocurrency, XRP.

S3studio | Getty Images

XRP surged after Ripple CEO Brad Garlinghouse said the Securities and Exchange Commission is no longer pursuing its appeal in the case against the payments company.

The price of XRP was last higher by nearly 14% at $2.57.

“It’s been almost four years and about three months since the SEC originally sued us, certainly a painful journey in lots of ways,” Garlinghouse said at the Digital Assets Summit in New York Wednesday morning. “I really deeply believed that we were going to be on the right side of the law and on the right side of history.”

“The system just feels broken. That we had to fight this fight for the industry and you had an SEC attacking the industry, particularly the Ripple case,” he continued. “There were no victims, there was no investor loss. They were just not acting in good faith.”

In 2020, the SEC sued Ripple for breaching U.S. securities laws by selling XRP without first registering it with the agency. The company scored a partial victory in 2023 when SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP at that point was not considered a security when sold to retail investors on exchanges, it was considered an unregistered security offering if sold to institutional investors.

The development comes as the SEC moves quickly to reverse much of the damage in the crypto industry left by the previous administration. Last month the agency ended its enforcement case against Coinbase; closed its investigations into Robinhood’s crypto unit, Uniswap, Gemini and Consensys with no enforcement action; scaled back its crypto enforcement unit; and clarified that meme coins are not securities.

This week, the newly formed SEC crypto task force will kick off a roundtable series focused on defining the security status of digital assets.

XRP was created by the founders of Ripple in 2012. It is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business – about 95% of which takes place outside the U.S. Ripple is the largest holder of XRP coins.

The coin was the biggest beneficiary of the post-election Trump trade. It’s up more than 400% since then and up 22% this year.

Don’t miss these cryptocurrency insights from CNBC Pro:



Source link

Sign In

Welcome ! Log into Your Account