Ripple legal chief urges investigation into ex-SEC official over Ethereum speech controversy

Ripple (XRP) chief legal officer Stuart Alderoty suggested that former SEC Director William Hinman should be investigated for his infamous 2018 speech that gave Ethereum (ETH) a free pass over other digital assets in the industry, according to an Aug. 7 tweet.

Timeline of Ethereum, Xrp

Climate change is pressing, and the tech world is responding. Enter Ripple, which has just unveiled Centigrade in collaboration with the Rocky Mountain Institute (RMI). It's an open data platform and its mission? To bring some clarity and efficiency to the carbon and nature markets. Centigrade's vision is straightforward: democratize the carbon credit market.

Judge Torres' Ruling on 13 July 2023 In July 2023, Judge Analisa Torres of the U.S. District Court for the Southern District of New York delivered her decision in the case between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, which began in December 2020.

With the majority of the cryptocurrency market dragging its feet in recent weeks, it is no surprise that its second-largest asset by market cap, Ethereum (ETH), is doing the same. However, the hope remains it could hit the high price level of $5,000 sometime in the future.

A TikTok personality, known as Money_talk_tok, is at a loss after investing $500,000 in XRP (CRYPTO: XRP), the native token of Ripple. What Happened: The TikToker mortgaged his home and shared his plan of investing the entire amount in XRP with his more than 50,000 followers on February 24, 2022.

The crypto community has largely lauded PayPal's newly announced stablecoin asserting that it will be a good thing for the broader industry. Furthermore, since it is being launched on Ethereum, it reinforces the premise that the network is becoming the money layer of the internet.

In a fiery exchange on social media, Ripple's Chief Legal Officer Stuart Alderoty and a16z's General Counsel and Head of Decentralization Miles Jennings engaged in a heated debate over the security status of XRP.

Following the recent court ruling and the subsequent rally, XRP has unfortunately lost around 20% of its value since it reached a local peak of approximately $0.9. However, latest data seems to suggest that a reversal, even a 12% gain, is more than just wishful thinking.

As the leading cryptocurrency, Bitcoin's price movement often sets the tone for the entire market. When Bitcoin is in a full-blown bull market, it tends to attract institutional and retail interest, which helps the other cryptocurrencies as they too experience a price pump.

The Republic of Palau and Ripple have taken a significant step toward the future of digital currency with the launch of their limited stablecoin pilot. The partnership began in 2021 and aimed to explore potential use cases for the Palau Stablecoin (PSC), linked to the U.S. Dollar, on the XRP Ledger (XRPL).

Massive XRP whale wallets are at it again as recently, some of the largest holders of XRP have dumped over 100 million tokens, putting major selling pressure on the XRP price. On-chain data shows that since July 19, the overall supply in addresses holding between 100,000-1,000,000 coins has decreased from 6.85 billion to 6.75 billion.