The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and I, for one, am looking forward to all that is to come as a result of this transformational legislation.
Thank you to the bipartisan leaders that got it done – @RepFrenchHill, @GOPMajorityWhip, @CongressmanGT, @RepAngieCraig, @RepDustyJohnson, @RepDonDavis, @RepBryanSteil, @RepRitchie, @SpeakerJohnson, and @RepJoshG.
Release the Epstein files and let the chips fall where they may. This is why people don’t trust government. You can never go wrong with being transparent. Redact victims’ names but release the rest.
Ripple has selected @BNYglobal as the primary reserves custodian for $RLUSD, an enterprise-grade stablecoin built for real-world utility, supported by one of the largest and most trusted financial services companies in the world. https://t.co/vMJKqQnWLs
Learn more about our shared vision for compliant, scalable digital asset infrastructure and a foundational step in bridging traditional finance and crypto.
Understandably, there have been many questions from those who believed they were buying Ripple shares from Linqto, and what happens next. To be clear, on Ripple’s end:
What we know from our records is Linqto owns 4.7M shares of Ripple, solely purchased on the secondary market from other Ripple shareholders (never directly from Ripple).
Apart from Linqto being a shareholder, Ripple has never had a business relationship with Linqto, nor have they participated in our financing rounds. We stopped approving more Linqto purchases on secondary markets in late 2024 amid growing skepticism.
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.
With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime, it’s business as usual.
Answer to Vance: Zelenskyy has thanked our country over and over again both privately and publicly.
And our country thanks HIM and the Ukrainian patriots who have stood up to a dictator, buried their own & stopped Putin from marching right into the rest of Europe. Shame on you.