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Ripple (CCC:XRP-USD), the company behind the XRP cryptocurrency, went another round with the U.S. Securities and Exchange Commission (SEC) in a hearing today. Source: Shutterstock While there’s ...
Ripple bought back $285 million of its privately held shares earlier this year, at terms implying a total market value of $11.3 billion. At the time, Garlinghouse said that Ripple Labs has more ...
According to the schedule set forward in the letter, Ripple's response will be due Aug. 16, and the SEC will file its opening brief two days later. The appeal would be heard in the U.S. Court of ...
Ripple is a real-time gross settlement system, currency exchange and remittance network that is open to financial institutions worldwide and was created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency ...
Products. Ripple Payment and Exchange Network. Number of employees. 1,120 (2023) [2] Website. ripple.com. Ripple Labs, Inc. is an American technology company which develops the Ripple payment protocol and exchange network. Originally named Opencoin and renamed in 2015, the company was founded in 2012 and is based in San Francisco, California.
The SEC has faced recent defeats in the case, including an unexpected ruling by Judge Analisa Torres in July that found that Ripple's sale of XRP on exchanges did not constitute an unregistered ...
Brad Garlinghouse. Bradley Kent Garlinghouse (born February 4, 1971) is the CEO of financial technology company Ripple Labs. He previously was the CEO and chairman of Hightail (formerly YouSendIt). Before Hightail, he worked at AOL and Yahoo! He was born February 6, 1971, in Topeka, Kansas. Garlinghouse has a BA in economics from the University ...
The SEC’s claims against Ripple hinged on whether Ripple’s distribution of its cryptocurrency, XRP, was a “security” for the purposes of the Securities Act.