Ripple to the Rescue as CEO Plans to Acquire Some FTX Businesses Following Collapse

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.

Timeline of Xrp

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.

Stuart Alderoty, who is FinTech firm Ripple's General Counsel, says that although his firm still has quite a lot of employees inside the U.S. (presumably since the headquarters are in San Francisco), it is “effectively” operating outside the U.S. On 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc.

Ripple is looking to gain a license from Ireland as the company seeks to expand its presence in Europe. The post Ripple seeks license from Irish regulator: CNBC appeared first on The Block.

In recent XRP-related news, Ripple Labs, the issuer of the XRP token, reported that it's seeking regulatory approval in the Republic of Ireland to enter the European market. Ripple is currently looking to obtain a virtual asset service provider (VASP) license and also has plans to file for the electronic money license thereafter.

Just yesterday, the Ripple Swell conference wrapped up, with CEO Brad Garlinghouse announcing massive milestones for the adoption of RippleNet and On-Demand Liquidity (ODL). One of the main focuses of the conference was on the development of Central Bank Digital Currencies (CBDCs).