XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Clients residing outside the U.S. will be unaffected.

Kraken to Halt XRP Trading for U.S. Residents

Gary Gensler, widely expected to be the next chairman of the U.S. Securities and Exchange Commission, believes Ripple's legal battle with the SEC could have a wide-reaching impact on the crypto industry. In an interview back in 2018, Gensler said he believes other crypto projects will likely be directly impacted by the case – regardless […] The post Incoming SEC Chief: Fate of XRP Could Have Wider Impact on Crypto Industry appeared first on The Daily Hodl.

Incoming SEC Chief: Fate of XRP Could Have Wider Impact on Crypto Industry

Malaysia's Mobile Money and Bangladesh's bKash will leverage RippleNet for wallet-to-wallet transactions.

Ripple Tech to Power New Malaysia-Bangladesh Remittance Corridor

Grayscale Investments is dissolving the Grayscale XRP Trust in light of the U.S. Securities and Exchange Commission's lawsuit against Ripple. Grayscale, which is the largest digital currency asset manager in the world, says it will liquidate the product and distribute the money to its shareholders. “In response to the SEC's action, certain significant market participants […] The post Ripple Effect: Institutional Giant Grayscale To Dissolve XRP Trust appeared first on The Daily Hodl.

Ripple Effect: Institutional Giant Grayscale To Dissolve XRP Trust

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust's shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced […]

Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Twenty-one lawyers are gearing up to fight the U.S. Securities and Exchange Commission's lawsuit against Ripple and two of its executives. Four lawyers are representing Brad Garlinghouse, the company's chief executive, four are representing co-founder Chris Larsen, and another 13 are working for the company itself, according to court documents. The SEC alleges Ripple illegally […] The post 21 Lawyers Gearing Up To Battle SEC's Case Against Ripple and XRP appeared first on The Daily Hodl.

21 Lawyers Gearing Up To Battle SEC's Case Against Ripple and XRP

Institutional investors interested in buying XRP will have to look elsewhere.

Grayscale to Dissolve XRP Trust Due to SEC's Ripple Lawsuit

The CEO of the Bitcoin futures and payments firm Bakkt says the company has plans to support multiple crypto assets aside from BTC. In an interview on the Axios Re:Cap podcast, Gavin Michael details the coming launch of Bakkt App, which is designed to give people a simple way to pay for everyday items using […] The post Bakkt Planning To Support Additional Crypto Assets, CEO Says XRP Is Off the Table appeared first on The Daily Hodl.

Bakkt Planning To Support Additional Crypto Assets, CEO Says XRP Is Off the Table

The regulator's stance contrasts with that of the U.S. Securities and Exchange Commission.

Japan's FSA Says XRP Not a Security: Report

Grayscale is moving to dissolve its XRP Trust — a move that comes days after it announced the liquidation of XRP positions from its Digital Large Cap Fund. The post Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit appeared first on The Block.

Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit

Cash proceeds from the Trust's liquidated XRP will be distributed to Trust shareholders, Grayscale said.

Grayscale Investments Begins Dissolution of Grayscale XRP Trust After SEC Suit

Japan's Financial Services Agency (FSA), the country's securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The post Japan's top securities regulator says XRP is not a security appeared first on The Block.

Japan's top securities regulator says XRP is not a security

Compound Labs general counsel Jake Chervinsky says Gary Gensler, who is widely expected to become the next chair of the U.S. Securities and Exchange Commission (SEC), will be favorable to Bitcoin (BTC). Chervinsky says Gensler could oversee the approval of the first Bitcoin ETF, which has routinely been rejected by the agency in the past. “Gary […] The post Top Crypto Lawyer Says New SEC Chief Will Boost Bitcoin – But XRP Is Another Story appeared first on The Daily Hodl.

Top Crypto Lawyer Says New SEC Chief Will Boost Bitcoin – But XRP Is Another Story

The Securities and Exchange Commission's Acting Enforcement Director Marc P. Berger led high-profile enforcement actions against cryptocurrency ICOs.

SEC Enforcer Behind $1.3 Billion Ripple Lawsuit Stepping Down

Amid an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple is pressing forward to bring the XRP Ledger to central banks. The cross-border payments company is looking to hire three central bank technical partner managers, one for each of its offices in San Francisco, New York and London. Whoever fills the new […] The post Ripple Unveils Push To Bring XRP Ledger to Central Banks appeared first on The Daily Hodl.

Ripple Unveils Push To Bring XRP Ledger to Central Banks

The United Kingdom government appears to be cementing its position that XRP is an exchange token and not a security. Her Majesty's Treasury has published a new document outlining the UK's regulatory approach to cryptocurrencies and stablecoins. The report classifies XRP, Ethereum and Bitcoin as “tokens that are primarily used as a means of exchange.” […] The post UK Treasury Says XRP Is Exchange Token and Not a Security appeared first on The Daily Hodl.

UK Treasury Says XRP Is Exchange Token and Not a Security

Ripple chief technology officer David Schwartz and Venture Coinist founder Luke Martin are debating the utility of the crypto asset XRP. In a series of tweets, Martin questions XRP's use as a fuel for payments and says stablecoins pegged to traditional assets have the liquidity required to move money. “I asked [David Schwartz] what XRP […] The post What Is XRP's Use Case? Ripple Executive and Venture Coinist Founder Tackle Utility of Fourth-Largest Cryptocurrency appeared first on The Daily Hodl.

What Is XRP's Use Case? Ripple Executive and Venture Coinist Founder Tackle Utility of Fourth-Largest Cryptocurrency

Bitcoin

Ethereum

Litecoin

As the bitcoin and cryptocurrency market wobbles, the U.K. financial watchdog has issued a stark to people considering trying to jump onto the crypto bandwagon—you "should be prepared to lose all their money"...

As Bitcoin, Ethereum, Ripple's XRP And Litecoin Lose Billions, Watchdog Issues Stark Warning

Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator. Garlinghouse Says There Is ‘Regulatory Chaos' in the US In a Twitter thread on his official profile, Garlinghouse […]

Ripple's CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon

Stuart Alderoty, Ripple's general counsel, says the U.S. Securities and Exchange Commission (SEC) has acknowledged XRP's use as fuel for cross-border payments. The SEC's acknowledgement of XRP's utility in Ripple's cross-border payment product, On-Demand Liquidity (ODL), can be found in the government agency's recent lawsuit against the San Francisco-based company. The section of the lawsuit […] The post SEC Acknowledges XRP's Use As Fuel for Cross-Border Payments, Says Ripple General Counsel appeared first on The Daily Hodl.

SEC Acknowledges XRP's Use As Fuel for Cross-Border Payments, Says Ripple General Counsel

Data and traders reveal the source of XRP's recent price rally could be Asia.

Asia's Retail FOMO Could Be Behind XRP's Rally Despite SEC's Lawsuit

Brad Garlinghouse is addressing the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple. In a lengthy tweetstorm, Ripple's CEO offers new details on the company's interactions with the SEC prior to the lawsuit, which alleges Ripple sold XRP as an unregistered security. “I'm not going to litigate the SEC's unproven allegations on Twitter, and […] The post Ripple CEO Reveals New Details on Interactions With SEC, Says Company Offered Incentives to Firms Using XRP appeared first on The Daily Hodl.

Ripple CEO Reveals New Details on Interactions With SEC, Says Company Offered Incentives to Firms Using XRP

Ripple CEO Brad Garlinghouse says his firm tried to settle with the SEC before the regulator sued on unregistered securities sale allegations.

Ripple ‘Tried' to Settle With SEC Ahead of XRP Suit, CEO Says

In a new thread of tweets, Brad Garlinghouse addressed questions surrounding the SEC's unregistered securities offering lawsuit against the firm. The post Ripple CEO Brad Garlinghouse responds to questions surrounding the SEC lawsuit appeared first on The Block.

Ripple CEO Brad Garlinghouse responds to questions surrounding the SEC lawsuit

Brad Garlinghouse took to Twitter to answer burning questions about the SEC's lawsuit regarding XRP sales.

News for XRP Crypto (XRP)