Ripple CTO David Schwartz calls for legislative action to clarify crypto regulations
Schwartz said that courts alone cannot create a balanced approach to regulating digital assets without legislative input from Congress.
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The latest XRP news today — Ripple partnerships, ODL (On-Demand Liquidity) growth, SEC case and legal developments, XRP Ledger protocol updates, and global payments expansion. CryptoSlate’s editorial team covers XRP around the clock, from on-chain data and market analysis to regulation and cross-border payments, with breaking stories added throughout the day.
Schwartz said that courts alone cannot create a balanced approach to regulating digital assets without legislative input from Congress.
Assad Jafri 4 min read
The filing, which had been submitted under the name of a BlackRock managing director, made waves yesterday before being revealed as fake.
A fraudulent filing attributed to BlackRock was followed by a surge in the price of XRP that quickly dissipated as the news was debunked.
Legal victories prompt Ripple CEO to push for regulatory overhaul in digital asset space.
Deaton said that a settlement of $20 million or less would represent a significant legal triumph for Ripple.
Ripple also announced that it was working with the National Bank of Georgia on a digital currency as it grows its international presence.
Ripple's Brad Garlinghouse and Chris Larsen no longer face charges. However, Ripple and the SEC must settle on remedies for institutional XRP sale violations.
Ripple recorded significant victories during the reporting period as it secured licensing in Singapore and victory over the SEC.
The ruling sets the stage for a final courtroom showdown between Ripple and the regulator in April 2024.
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