Ripple co-founder and executive chairman Chris Larsen lost over $661 million worth of XRP last year, reportedly due to a hack of password manager LastPass. In his Telegram channel, on-chain investigator ZachXBT shares a screenshot of a forfeiture complaint filed by federal prosecutors that details how Larsen’s wallet was compromised by a LastPass hack that […]
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Ripple co-founder and executive chairman Chris Larsen still controls over $7 billion in XRP tokens, according to on-chain investigator ZachXBT. Posting in his Telegram channel, ZachXBT lists seven addresses on the XRP Ledger (XRPL) that he says were activated by Larsen and are still active today. The on-chain sleuth also says that Larsen sent over $109 […]
The post Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT appeared first on The Daily Hodl.
Ripple co-founder Chris Larsen thinks crypto is about to witness a regulatory “sea change.” In a new interview with CNBC, the Ripple executive chairman argues that Senator Elizabeth Warren’s “really misguided war on crypto” ceded leadership in the sector to Singapore and the United Kingdom and failed to protect American consumers from threats like FTX. […]
The post Ripple Founder Chris Larsen Predicts Regulatory Sea Change, Says War on Crypto About To End One Way or Another appeared first on The Daily Hodl.
Ripple co-founder Chris Larsen is financially backing Vice President Kamala Harris ahead of the imminent 2024 US presidential election. The Ripple executive chairman says he will donate $10 million in XRP tokens to the Democratic nominee. “It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe Kamala Harris […]
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Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid. The Ripple legal chief also reaffirmed XRP’s non-security status despite the appeal. 2 Outcomes: Ripple’s Stuart […]
Chris Larsen, a well-known figure in the world of American business and angel investing, is making headlines once again. This time, the co-founder of multiple Silicon Valley tech ventures, including Ripple, has pledged a whopping $10 million to support Kamala Harris’s campaign. “It’s time for the Democrats to have a new approach to tech innovation, […]
Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal […]
The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared Ripple executives and non-cash XRP distributions. The outcome could have a […]
Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen’s move, given the Biden administration’s stringent regulatory stance on cryptocurrency and its ongoing lawsuit against Ripple. The U.S. Securities and Exchange Commission (SEC) […]
XRP’s price has surged 26% as the Ripple vs. SEC case appears to be nearing its final stages, with no signs suggesting that XRP will be classified as a security.
The price of XRP surged 26% as a New York federal judge moved closer to ending a three-year securities lawsuit against Ripple Labs, in what its executives are calling a “victory” for the industry.
On Aug. 7, a federal judge ordered Ripple Labs to pay a $125 million civil penalty and said the firm was “permanently restrained and enjoined” from violating United States securities laws as part of a case brought by the Securities and Exchange Commission.
Cointelegraph reported that the ruling seemingly puts Ripple’s case with the SEC in its final stages since the regulator initially filed the lawsuit in December 2020.
