Ripple | Crypto

Ripple ended its fight with the SEC, reigniting XRP's $10K dreams, but others say a $590T market cap may stop it becoming a reality.

XRP spiked on Friday after Ripple CEO Brad Garlinghouse said the company is “closing this chapter once and for all” in its legal battle with the US regulator that began in December 2020. XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse said the company is dropping its cross-appeal against the US Securities and Exchange Commission (SEC) and expects the regulator to do the same. “Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse said in an X post on Friday. XRP (XRP), the cryptocurrency associated with Ripple Labs, spiked 3.36% to $2.18 just five hours after the post, according to CoinMarketCap data. “We’re closing this chapter once and for all and focusing on what’s most important – building the internet of Value. Lock in,” Garlinghouse added. Read more

Ripple will drop its cross-appeal in its prolonged legal battle with the U.S. Securities and Exchange Commission, signaling an end to one of the crypto industry’s most consequential court cases. Ripple CEO Brad Garlinghouse announced the move on social media on June 27 and also revealed that the SEC is expected to drop its appeal […] The post Ripple, SEC agree to mutually abandon appeals, ending 5-year legal battle appeared first on CryptoSlate.

Ripple says it'll drop its appeal in the long-running SEC case over XRP sales, finally putting the legal battle to bed.

Judge Analisa Torres wrote that Ripple is still required to follow federal securities laws regardless of the SEC's regulatory pivot. A US district court denied a joint motion from the US Securities and Exchange Commission (SEC) and Ripple requesting an indicative ruling to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP (XRP) to institutional investors as securities transactions under Article 5 of the Securities Act. An indicative ruling allows lower courts like the district court to issue orders for a case that is pending review in the higher appellate court system, subject to approval from the higher court. In a Thursday filing in the United States District Court for the Southern District of New York, Judge Analisa Torres wrote that the court would not undo the earlier rulings, including the $125 million penalty, which were consistent with federal securities laws passed by Congress. Torres argued: Read more

Ripple has partnered with Wormhole, a cross-chain messaging protocol, to bring multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) sidechain. According to the June 26 statement, the integration will introduce advanced functionality to the XRPL and allow assets and data to flow freely between it and over 35 other […] The post Ripple partners with Wormhole to expand XRP Ledger’s cross-chain capabilities appeared first on CryptoSlate.

In a five-page ruling issued Thursday, District Judge Analisa Torres bristled at the parties’ request she dissolve a permanent injunction ordering Ripple to obey the law.

US District Judge Analisa Torres has denied a joint request from the US Securities and Exchange Commission (SEC) and Ripple Labs to dissolve an earlier court order and lower Ripple’s financial penalty. The ruling, issued on June 26, firmly rejected the attempt to undo a prior judgment tied to Ripple’s violations of securities laws through […] The post US judge denies SEC and Ripple’s second bid to amend penalty appeared first on CryptoSlate.

3iQ’s new XRP ETF, backed by Ripple, begins trading on the Toronto Stock Exchange with zero management fees for the first six months. Canadian asset manager 3iQ launched a new XRP-focused ETF for North American users. The 3iQ XRP ETF (XRPQ) began trading today on the Toronto Stock Exchange (TSX), offering investors direct exposure to the fourth-largest digital asset by market cap. Ripple, the blockchain company behind the XRP Ledger and the XRP (XRP) cryptocurrency, is an early investor in the fund, 3iQ said in a Wednesday announcement. To mark the occasion, the 3iQ team will ring the TSX’s closing bell this afternoon. The ETF debuts with a six-month 0% management fee. It invests exclusively in long-term XRP positions acquired from reputable exchanges and OTC platforms, with all holdings kept in cold storage, per the announcement. Read more

The lawsuit against Ripple, filed by the United States Securities and Exchange Commission in December 2020, is finally wrapping up. Ripple and the United States Securities and Exchange Commission (SEC) filed a joint motion on Thursday to release the $125 million in funds held in an escrow account to pay for settlement costs ordered by the court. According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripple, pending court approval. The filing attorneys wrote: The SEC lawsuit against Ripple is a landmark case for crypto regulations in the United States, and formally ending the litigation will be a symbolic victory for an industry that has already largely won its battle for legal legitimacy in the US. Read more

Ripple and the U.S. Securities and Exchange Commission have refiled a joint request asking a federal judge to dissolve a court-imposed injunction and approve a revised $50 million penalty settlement, aiming to conclude their years-long legal battle. According to a June 12 court filing, the SEC and Ripple asked Judge Analisa Torres of the Southern […] The post SEC, Ripple seek to end multi-year legal dispute with amended filing appeared first on CryptoSlate.

Ripple’s CEO untimely stuck with his “overrated” verdict for meme coins as a category, his concession for Dogecoin has speculators eying a partnership. The post Dogecoin Price Prediction: Ripple’s CEO Admits He Was Wrong About Dogecoin – New Partnership Coming? appeared first on Cryptonews.

Ripple has deepened its claim to an industry anticipated to grow from billions to trillions, with the first-ever native issuance of digital commercial paper (DCP) on the XRP Ledger. The post XRP Price Prediction: Ripple’s Wall Street Deal With Guggenheim Sparks $100 Target Speculation appeared first on Cryptonews.

Guggenheim Partners is bringing its Treasury-backed fixed-income product to the XRP Ledger (XRPL) through a new partnership with Ripple, Bloomberg News reported on June 10. Guggenheim Treasury Services, a subsidiary of the investment giant, will offer tokenized US commercial paper with customized maturity terms of up to 397 days on XRPL. The product is fully […] The post Guggenheim chooses Ripple’s XRPL for latest tokenized commercial paper issuance appeared first on CryptoSlate.

Guggenheim’s Treasury-backed fixed-income product will be available on the XRP Ledger. US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in the asset as part of the collaboration. The commercial paper product is fully backed by US Treasurys with customized maturity options of up to 397 days.  Read more

Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million. The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024. Data from Artemis […] The post RLUSD surpasses $300M supply as Ripple secures UAE backing appeared first on CryptoSlate.

Institutional interest in the XRP Ledger (XRPL) continues to grow, as does the number of scams exploiting the ecosystem. On June 4, Panos Mekras, co-founder of Anodos Finance, a leading DeFi platform built on XRPL, raised concerns over the proliferation of fraudulent projects piggybacking on the blockchain network’s growing visibility. In the X post, Mekras […] The post XRP Ledger battles influx of scam crypto projects as Ripple eyes global financial role appeared first on CryptoSlate.

Ripple CEO Brad Garlinghouse said the company never tried to buy Circle, countering reports of a multibillion-dollar takeover bid. Georgetown Law professor Chris Brummer said Garlinghouse told him during an on-stage interview at a private event in Las Vegas on June 1 that Ripple “never pursued an acquisition of Circle” and the topic was not […] The post Brad Garlinghouse denies Ripple’s reported $5 billion bid to acquire Circle appeared first on CryptoSlate.

Ripple’s RLUSD stablecoin will support the Dubai Land Department’s blockchain initiative to tokenize real estate title deeds on the XRP Ledger. The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has approved Ripple’s RLUSD stablecoin.  Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. These may include payments, treasury management and services. The DIFC is a free economic zone and financial district that serves companies throughout the Middle East, Africa and South Asia. The financial zone had nearly 7,000 registered businesses by the end of 2024. Read more

The XRP price has fallen by 4% today, but could Ripple-owned brokerage Hidden Road and its latest news help boost the alt very soon? The post XRP Price Prediction: Ripple’s “Hidden Road” Just Changed the Game – Bulls Now Eye $10 appeared first on Cryptonews.