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“# MoneyGram distances itself from Ripple, says it doesn’t utilize RippleNet ” Global money transfer service MoneyGram has clarified the nature of its collaboration with its blockchain partner Ripple following the latter’s recent probe by the U.S. Securities and Exchange Commission. In a press statement issued on Dec. 23, MoneyGram revealed that it has never…
“# US federal regulators set new expectations for stablecoin issuers ” A group of leading U.S. financial regulators has released a new statement on stablecoins. One of the headlining topics of crypto regulation news this year, stablecoins were the main topic of a Dec. 23 statement the President’s Working Group on Financial Markets, or PWG. The…
“# Bitwise dumps XRP investment amid SEC lawsuit against Ripple ” Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple. In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in…
“# The SEC shows some mercy to broker-dealers handling security tokens ” The U.S. Securities and Exchange Commission is listening. At least, per a Dec. 23 announcement, the SEC is responding to long-term industry complaints that nobody knows who can handle security token trading. The SEC is both requesting comment on the issue and extending…
“# XRP price falls 24% in 24 hours as exchanges begin delisting ” XRP price fell 41% on Binance over the past three days as news of the lawsuit by the U.S. Securities and Exchange Commission (SEC)’s against Ripple became apparent. As a result, several small exchanges have already halted XRP trading. So far, three small exchanges, namely…
“# Ripple CEO Garlinghouse responds to SEC complaint against XRP ” Ripple CEO Brad Garlinghouse has responded to the latest regulatory complaint against XRP, assuring shareholders that the company will prove their case in the court. In a Dec. 22 blog post, Garlinghouse argued that the legal action against the XRP cryptocurrency brought by the…
“# SEC unveils suit against Ripple, calling XRP a ‘$1.3B unregistered security offering’ ” The U.S. Securities and Exchange Commission has taken legal action against Ripple as well as its CEO Brad Garlinghouse and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan, the commission is alleging that the XRP token…
“# Don’t expect Coin Center to stick up for XRP in the face of the SEC ” In its coming fight against the Securities and Exchange Commission, Ripple won’t see support from some of the mainstays of the crypto lobby. Jerry Brito, the executive director of Coin Center, made it clear on Tuesday that his…
“# SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M ” The Securities and Exchange Commission sinks the firm behind another initial coin offering. Per a Dec. 21 cease and desist order, the SEC has determined that ShipChain’s ICO for its SHIP Tokens was another example of an unregistered securities offering in…
“# SEC set to sue Ripple with XRP in the crosshairs ” Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune. In a move reminiscent of Coinbase’s recent front-running of a New York Times expose of its alleged treatment of employees of color,…