Ripple | Crypto

A closer look at the most important Ripple (XRP) news from the past few days.

XRP is often criticized for “not having a use case,” yet it remains a top performer in the current bull market. Why? Key takeaways: XRP gained 30% in the past week, boosted by rising institutional interest and deep trading liquidity, now the third-largest crypto by market cap. Ripple’s alignment with ISO 20022, a new financial messaging standard, and its stablecoin (RLUSD) support a pivot toward real-world financial integration. Read more

California Governor Gavin Newsom announced the California Breakthrough Project on July 15, enlisting executives from Coinbase, Ripple, MoonPay, and other technology firms to help streamline state operations.  Newsom convened the advisory group at Ripple’s San Francisco headquarters on June 6. Participants include Ripple Executive Chair Chris Larsen and unnamed executives from MoonPay and Coinbase. The cohort will work with agency staff to […] The post Coinbase and Ripple execs join California officials to streamline state operations appeared first on CryptoSlate.

The California Breakthrough Project held its first meeting at Ripple’s San Francisco headquarters, according to journalist Eleanor Terrett. California Governor Gavin Newsom has launched a new government efficiency task force that includes representatives from various crypto firms, potentially signaling the state’s recognition that blockchain technology could enhance public services. The task force, dubbed California Breakthrough Project, has tapped executives from Ripple, Coinbase, MoonPay and others to “advise and advance government efficiency and collaboration,” journalist Eleanor Terrett reported Tuesday.  According to Terrett, the task force held its inaugural meeting at Ripple’s San Francisco headquarters on June 6. It aims to foster collaboration between California regulators and industry leaders across the technology and business sectors, address government inefficiencies and boost transparency around public services. Read more

Ripple told Cointelegraph it will apply for a MiCA license to expand its crypto and stablecoin operations across the European Economic Area. Payment solution company Ripple has confirmed its intention to pursue a Markets in Crypto Assets (MiCA) license to expand into the EU. In messages sent to Cointelegraph, a Ripple spokesperson said the company intends “to become MiCA-compliant” as it recognizes “significant opportunity in the European market.” The statement follows Ripple’s registration of Ripple Payments Europe S.A. in Luxembourg in late April. Read more

Launched in late 2024, Ripple’s enterprise-focused RLUSD stablecoin has hit a $500 million market cap in less than seven months. Ripple’s US dollar-pegged stablecoin, Ripple USD (RLUSD), has received a significant boost by integrating with Transak, a major cryptocurrency payments platform. Transak has officially integrated support for the Ripple USD stablecoin, enabling its 8.3 million users to purchase RLUSD using multiple fiat currencies, the company announced in a statement shared with Cointelegraph on Wednesday. “We worked closely with the Ripple team to understand how RLUSD could benefit from wider distribution across Transak’s global network — spanning more than 450 wallets, DApps [decentralized apps] and exchanges,” said Transak’s head of marketing, Harshit Gangwar. Read more

Ripple shareholder Linqto has filed for bankruptcy following months of controversy around securities laws violations, with the first hearing expected on Tuesday. Update (July 8 at 6:41 pm UTC): This article has been updated to include comments from Phil Haslett. Linqto, a private investment platform that allows investors to buy shares in pre-initial public offering companies, has filed for Chapter 11 bankruptcy in the United States. The company holds 4.7 million Ripple shares bought on the private market. Linqto filed for bankruptcy with the US District Court for the Southern District of Texas on Monday. Read more

Can Dogecoin reclaim the key level of $0.25? Ripple CEO has confirmed the company is applying for a US banking license: Hodler’s Digest Ripple CEO Brad Garlinghouse confirmed on X on Wednesday that the company is applying for a license with the US Office of the Comptroller of the Currency (OCC), following an earlier report by The Wall Street Journal. True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC, he wrote.  Garlinghouse said if the license is approved, it would be a new (and unique!) benchmark for trust in the stablecoin market as the firm would be under federal and state oversight with the New York Department of Financial Services already regulating its Ripple USD stablecoin. Read more

XRP holds firm above $2.20 as Ripple pushes for a U.S. banking license. Could ETF hopes and institutional demand drive XRP to $10? The post XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch appeared first on Cryptonews.

AMINA Bank becomes the first global bank to support Ripple’s RLUSD stablecoin, offering custody and trading services to institutional clients.

Ripple has followed Circle in looking to be its own bank after Congress moved ahead with a bill to regulate stablecoin issuers under the national bank regulator. Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance.  Ripple CEO Brad Garlinghouse wrote to X on Wednesday that the company is applying for a license with the US national bank regulator, the Office of the Comptroller of the Currency (OCC), confirming an earlier report from The Wall Street Journal. “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” he wrote.  Read more

Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X.  The filing would place Ripple USD (RLUSD) under federal supervision while maintaining its existing oversight by the New York Department of Financial Services, creating a “new […] The post Ripple seeks a national bank charter approval to place RLUSD under state and federal oversight appeared first on CryptoSlate.

It hasn't been an easy road to resolution for Ripple and the SEC in the long-running legal fight over XRP sales. Here's why.

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.