Ripple Labs

‘75% of Ripple’s open roles are now US-based’ — CEO Brad Garlinghouse

January 5, 2025 Coin Telegraph

"This is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years," the CEO wrote.

Ripple CEO Brad Garlinghouse announced that 75% of Ripple Labs' job openings are now based in the United States, and the company has closed more deals and partnerships in the US following the November 2024 election than in the previous six months.

Garlinghouse attributed the changes to the incoming Trump administration and Donald Trump's pro-crypto rhetoric. The CEO wrote in a Jan. 5 X post:

Industry executives, investors, and developers have all expressed optimism about the potential for crypto to flourish under the incoming Trump administration, with the expectation of a friendlier regulatory climate.

JPMorgan Chase Employee Allegedly Steals 7,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

December 26, 2024 Coin Telegraph

Coin Telegraph

Bitcoin’s 2024 returns were doubled by the XRP token, following a significant legal victory for Ripple Labs and expectations of the SEC potentially dropping the lawsuit.

Bitcoin’s historic rally to the $100,000 milestone occurred among many significant crypto redemption stories in a year that further legitimized the industry’s status.

The year’s events brought a resurgence for many notable crypto projects that had faced hardships, including Ripple Labs, which scored a significant legal victory against the United States securities regulator, while the memecoin and asset tokenization sectors were also revived, driven by growing retail interest and robust growth predictions.

Beyond new all-time highs, 2024 brought renewed institutional interest in blockchain from some of the world’s largest institutions, such as BlackRock, which launched multiple crypto-based products.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Ripple Labs’ RLUSD stablecoin: Everything you need to know

December 19, 2024 Coin Telegraph

Coin Telegraph

RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to offer a stable digital currency for use in transactions and trading.

As a stablecoin pegged to the US dollar, 1 RLUSD is worth $1. The 1:1 peg is maintained with backing for every RLUSD coin. These collateral assets are either US dollar deposits or cash equivalents.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Ripple CTO says to expect shortage of RLUSD at launch, but don’t FOMO

December 16, 2024 Coin Telegraph

brad gralinghouse

One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple’s RLUSD stablecoin launches.

Ripple’s chief technology officer, David Schwartz, says there could be potential “supply shortages” in the early days of Ripple’s US Dollar-pegged stablecoin but is warning investors not to “FOMO.”

In a Dec. 15 post to X, Schwartz said he expects outsized volatility for RippleUSD (RLUSD) stablecoin immediately following its launch, with several large orders for the token despite being designed to maintain a 1:1 parity with the US dollar.

He noted that some small initial pre-market bids for the currently unreleased stablecoin were artificially inflating its value before its launch — responding to a post on X, which showed 1 RLUSD being valued at roughly 511 XRP (XRP) — worth $1,244 at current prices — on a Ripple wallet called Xaman.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Ripple CEO Brad Garlinghouse Says Stablecoin RLUSD Has Received Final Approval From New York Regulators

December 11, 2024 The Daily Hodl

Brad Garlinghouse

Ripple Labs’ newest stablecoin product has received final approval from a prominent New York regulator. In a post on the social media platform X, Ripple chief executive Brad Garlinghouse says that Ripple USD (RLUSD) – the firm’s new dollar-pegged crypto asset – has been approved by the New York Department of Financial Services (NYDFS). “This […]

The post Ripple CEO Brad Garlinghouse Says Stablecoin RLUSD Has Received Final Approval From New York Regulators appeared first on The Daily Hodl.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Ripple CTO Calls on US Government To End All Indirect Regulation Including Alleged Debanking of Tech Founders

December 2, 2024 The Daily Hodl

Banking

The chief technology officer of Ripple Labs says that the government needs to address the alleged unconstitutional unbanking of many crypto and tech founders. In a new thread on the social media platform X, Ripple CTO David Schwartz accuses the government of pressuring banks to cancel unfavored individuals and businesses with no evidence that they […]

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JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Powerful New York Regulator May Greenlight Ripple RLUSD Stablecoin As Soon as This Week: Report

December 1, 2024 The Daily Hodl

crypto

A prominent New York regulator is reportedly mulling over approving payments platform Ripple Labs’ RLUSD stablecoin as soon as next week. According to a new report by Fox Business, anonymous people familiar with the matter say the state’s top regulator – the New York Department of Financial Services (NYDFS) – has signaled to Ripple that […]

The post Powerful New York Regulator May Greenlight Ripple RLUSD Stablecoin As Soon as This Week: Report appeared first on The Daily Hodl.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

‘Government has become addicted to indirect regulation’ — Ripple CTO

November 30, 2024 Coin Telegraph

Coin Telegraph

In a recent Joe Rogan interview, Mark Andreesen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.

Ripple chief technical officer David Schwartz recently joined the list of tech founders speaking out against Operation Chokepoint 2.0 — a government-run debanking operation against the crypto industry. Schwartz said the government is "addicted to indirect regulation" and laid out four reasons why de-banking undermines the rule of law.

Schwartz argued that debanked entities switch service providers or take their funds underground — thereby evading surveillance and sanctions control altogether. The CTO also said de-banking undermines due process, freedom of speech, and the right against unlawful search and seizure. Schwartz wrote:

"It is easier to pressure banks to cut off disfavored businesses than to make that business illegal," The CTO continued before imploring the government to use lawful and above-board processes to regulate businesses.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

New York regulator set to approve Ripple’s RLUSD stablecoin: Report

November 29, 2024 Coin Telegraph

Coin Telegraph

According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.

The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs’ RLUSD stablecoin — an overcollateralized dollar-pegged stablecoin — in the coming days, sources revealed to Fox Business.

According to a Nov. 29 Fox Business report, approval of the dollar-pegged stablecoin by the New York financial regulator could see the product launch as early as Dec. 4. In August, Ripple Labs issued the following statement about the future of its ecosystem:

At the time the stablecoin was announced, fears swept over XRP (XRP) holders that the company would abandon the token to focus on its new stablecoin product for cross-border liquidity. However, Ripple Labs has not confirmed any such pivot.

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

Crypto Giants Scramble for Spot on Trump’s Promised Advisory Board: Report

November 22, 2024 The Daily Hodl

advisory board

Blue-chip crypto firms are reportedly scrambling to obtain a spot on President-elect Donald Trump’s promised advisory board. According to a new report by Reuters, US crypto industry giants – including payments firm Ripple Labs, crypto exchange Kraken, stablecoin issuer Circle, and venture capitalist firm Andreessen Horowitz – are all currently competing for spots on Trump’s […]

The post Crypto Giants Scramble for Spot on Trump’s Promised Advisory Board: Report appeared first on The Daily Hodl.

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