The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.
July 13, 2023 – that day was a very good day - for Ripple and the entire industry. And for me personally, a core memory!
We had the conviction to fight the bully that has harassed and executed an unlawful war on our industry. As I said when it started, I knew we were on the right side of the law and that we would be on the right side of history.
In the year since, Gensler’s SEC has ramped up its war on crypto, with the false belief that they could smother this technology and industry… with failed lawsuits, false rhetoric, slander and intimidation.
They were wrong then. And they are wrong now.
The worst statement people in the crypto space have been making is that Brics will never use Ripple tech & $xrp because they are a U.S. company.
They will build their own system Bullshit FUD!
@Ripple is now a Global company thanks to the SEC vs Ripple case & I think that happened on purpose.
But that is not the most important part look at Project mBridge from the BIS that tells the real story, the FED, The World Bank, The IMF, Countless central banks & most Brics countries are also mentioned inside the whitepaper including China and who does the BIS & IMF mention multiple times $xrp & $xlm
The technology that Ripple & Stellar provides & the power of $xrp & $xlm is what makes the BIS & IMF vision come to life, without it none of this would even be happening!
This why you cannot let the FUD & shakeouts get to you this is bigger than most people realize, life changing!
🚨 it’s nothing new that #Ripple and #XRP has been mentioned with the largest institutional players!
Here is the #BIS confirming the unified ledger 🚀🚀
#XRP BIG BUSINESS 🚀
XRP is not a cool & trendy meme coin, but we do have a little something going for us 🤫
Banco Santander
Bank Of Indonesia
Bank Of Thailand
Moneygram
Cambridge Global Holdings
SBI Holdings
BBVA Banco Bilbao Vizcaya Argentaria
SCB Siam Commercial Bank
Zip Remit
InstaRem
IndusInd
Itau Unibanco
Beetech
Woori Bank
Saudi Arabian Monetary Authority(SAMA)
Western Union
UAE Exchange
Asia MTM
LianLian International
We Make Price
Credit Agricole
IDT
Selly
Bichip
SBI Virtual Currencies
Arrington XRP Capital
RAKBANK
American Express FX Payments
TranferGo
Bexs Banco
AirWallex
Currencies Direct
IFX dlocal
Cuallix
ANZ
Westpac
Banca Intesa Sanpaolo
Macquarie Group
Natixis
Nordea
Scotiabank
Krungsri
Al Rajhi Bank
MUFG Tokyo-Mitsubishi UFJ Financial Group
SEB Skandinaviska Enskilda Banken
Akbank
Axis Bank
YES BANK
Star One Credit Union
eZforex
SBI Remit
Bank Of England
Fukui Bank
FlashFX
Star Bank
Aomori Bank
Ashikaga Bank
Awa Bank
Aeon Bank
Senshu Ikeda Bank
Iyo Bank
Oita Bank
Orix Bank
Gunma Bank
Keiyo Bank
San-In Godo Bank
Sikoku Bank
77 Bank
Shimizu Bank
Juroku Bank
Shinkin Central Bank
Shinsei Bank
Hachijuni Bank
Michinoku Bank
MHFG Mizuho Financial Group
Musashino Bank
Nomura Trust and Banking Company
Seven Bank
Sony Bank
Yachiyo Bank
Tochigi Bank
Bank of The Ryukyus
Chiba Bank
Chugoku Bank
Daishi Bank
Daiwa Next Bank
Hiroshima Bank
Hyakugo Bank
Suruga Bank
Yamaguchi Bank
Hokuriku Bank
Nishi-Nippon City Bank
North Pacific Bank
Resona Bank
Shikoku Bank
Sumitomo Mitsui Trust Bank
Toho Bank
Tsukuba Bank
Yamagata Bank
Bank of America Merrill Lynch
Bank Leumi Le-Israel
NAB National Australia Bank
BMO Bank of Montreal
Mizuho Financial Group
SHRB Shanghai Huarui Bank
Standard Chartered Bank
Bank of Yokohama
SBI Sumishin Net Bank
Barclays
ATB Financial
National Bank of Abu Dhabi
CBIC Canadian Imperial Bank of Commerce
Reisebank
UniCredit
UBS
Volante
Expertus
Temenos
Deloitte
RBC Royal Bank of Canada
DH Corporation
DBS Group
Credit Suisse
JP Morgan
OCBC Bank
HSBC The Hongkong And Shanghai Banking Corporation Limited
UOB United Overseas Bank
Singapore Exchange
TD Bank Canada
Accenture
CGI Group
Earthport
Royal Bank of Scotland
Commonwealth Bank of Australia
CBW Bank
Saldo
Rabobank
TAS Group
Yantra Financial Technologies
Cross River Bank
Fidor Bank
[Korean Virtual Asset Service Provider Infinite Block Joins as XRP Ledger Validator]
Infinite Block, a Korean virtual asset Service Provider led by CEO Jung Gu-tae, announced on the 13th that it is participating as a validator in the XRP Ledger (XRPL). This participation is expected to enable stable expansion of the XRPL ecosystem within Korea's unique regulatory environment.
Infinite Block is a virtual asset custody company founded by Korea's leading regulatory and financial experts. It was the only company to pass the evaluation among about 50 companies that applied for the VASP license in 2023.
XRPL has been an open-source decentralized protocol since 2012, processing over 2.5 billion transactions, surpassing Ethereum. Key contributors to the XRPL ecosystem include Ripple, XRPL Foundation, and XRPL Labs. The native token of the protocol, XRP, currently ranks seventh in global virtual asset market capitalization.
Korea has an international level blockchain regulatory framework that strictly adheres to regulations such as the Travel Rule and anti-money laundering, supporting a safe environment for projects and investors. The participation of a VASP license holder that meets Korea’s stringent regulatory standards as an XRPL validator is expected to facilitate domestic and international expansion of XRPL builders in a regulated and compliant manner.
Infinite Block plans to pursue stable governance participation, XRPL ecosystem expansion, and provision of XRPL and XRP services to corporations based on domestic and international regulatory compliance through this participation as an XRPL validator.
CEO Jung Gu-tae of Infinite Block stated, "As a fully regulated custodial business operator, we will provide blockchain regulatory support infrastructure suitable for the institutional characteristics of the Korean virtual asset industry. We will contribute not only to user protection but also to enhancing the reliability of XRPL based on thorough regulatory compliance, both domestically and internationally."
Website: https://t.co/hG2as9APOv
Validator: https://t.co/C4iFA6nFbV
We are excited to announce that @Ripple and @XRPLLabs have joined @swirldslabs and @AlgoFoundation as Founding Members of the Decentralized Recovery Alliance, with two-year seats on the Technical Oversight Committee providing input on governance and core Alliance policies. #DeRec
As well as this, @acoerco, @BANKSOCIALio, @BladeLabs_ (@BladeWallet), @thebldgblocks, @Casper_Network, @Conste11ation, @The_Hashgraph Association, @HBAR_foundation, and @ReviveBackup have joined as Alliance members - bolstering our effort to simplify the recovery and adoption of #crypto and other assets.
These additions to the Alliance represent a significant step forward in driving our collaborative, multi-chain effort to develop an #OpenSource, industry-standard methodology for secure, interoperable, and decentralized #DigitalAsset recovery - accelerating the global adoption of #web3.
Learn more ➡️ https://t.co/cXlkJ1qEaq
📣 SBI VC Trade (SBI Holding’s crypto exchange) just announced the launch of their validator on XRPL. You can see it here: https://t.co/7NibB8ChT5
In their announcement, they say that they intend to reflect the voice of XRP holders (their customers) through this validator. Great to see diverse approaches to running validators on XRPL!