Bank of America Waits On Sideline Until Ripple Vs. SEC Case Settles: CEO Garlinghouse

Rumors about a close partnership between Ripple Labs and Bank of America have been circulating for quite some time. A tweet from Linqto now warms up this rumor again and reports a remarkable closeness between the company and the bank.

Timeline of Xrp

The XRP price has risen by 1.5% in the past 24 hours, reaching $0.358245 as the altcoin recovers from yesterday's market-wide selloff. It remains down by 23% in the last 30 days, yet hopes surrounding Ripple's case with the SEC promise to push it up higher in the coming weeks, as this case case draws to a long-awaited close.

Ripple CEO Brad Garlinghouse shows interest in purchasing companies owned by FTX that currently serve business customers According to Sunday Times, FTX CEO SBF called Garlinghouse before FTX went bust in plea to bid. There are currently 130 companies associated with FTX in bankruptcy filings The new FTX CEO John Ray admits that he has never seen such a complete failure of crypto controls as FTX.

Ripple CEO Brad Garlinghouse has shown interest in purchasing certain parts of the FTX empire.  Garlinghouse claimed to have received a call from the resigned FTX CEO Sam Bankman-Fried two days before filing for bankruptcy.

Ripple might be interested in buying some of the assets of the recently bankrupted exchange FTX, The Sunday Times reported. The post Ripple to the Rescue as CEO Plans to Acquire Some FTX Businesses Following Collapse appeared first on BeInCrypto.

XRP bulls appear to have regained momentum with Ripple's native token targeting new price levels despite the market uncertainty. Notably, at the start of the week, XRP bears seemed to have the upper hand with the asset reacting to the fallout of the FTX cryptocurrency exchange crisis.

The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of having “honest conversations about solving real-world problems with crypto and blockchain.

XRP Vs SEC Lawsuit News: The deadline for filing amicus brief in the XRP Vs SEC ended on November 18. Ripple received a flurry of amici brief in its support from various companies in the crypto ecosystem.

Amid its ongoing battle with the United States Securities and Exchange Commission (SEC), Ripple has announced that it is seeking to expand its presence in the European Union (EU). In an interview with CNBC earlier this week, Stuart Alderoty, General Counsel for Ripple, said that “effectively, Ripple is operating outside of the U.S.” as it stands due to its ongoing legal woes with the SEC.

XRP NEWS: XRP, Ripple's native crypto has been riding high over the positive outcomes from the vital SEC lawsuit. However, the recent FTX collapse has shocked and left the crypto market tumbling.

Ripple plans on expanding globally by a registering in Ireland, as most of its business is based outside the U.S. The post Ripple Sets Sights on Expansion into Europe with Ireland Registration appeared first on BeInCrypto.