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

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 … Read more

US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman

The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According … Read more

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

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 … Read more

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