- Ripple has contributed heavily to crypto-focused super PACs such as Fairshake, a political action committee funded by the crypto industry.
- In the much-talked case of Ripple Vs. SEC the recent update is that Ripple Labs developed a draft submission outline for its planned appeal.
- Ripple Labs filed a letter on January 24 to the Court of Appeals of the United States for the Second Circuit.
Ripple has recently been granted financial licenses in New York and Texas which have permitted the company to widen its payment services to more U.S. users.
The blockchain-based digital payment company allegedly got Money Transmitter Licenses in New York as well as Texas. Ripple highlighted the increasing interest from banks and other institutions for approved real-time payment options.
MTL licenses from New York and Texas regulators will allow complaint access to Ripple Payments infrastructure for the consumers of the United States, widening the services of the company.
Adding more to this, the crypto company now holds around 55 global licenses, consisting of the highly coveted NewYork BitLicense as well as a Limited Purpose Trust Company Charter. Ripple also possesses regulatory approval in Ireland, Singapore, and the UAE.
Ripple is currently at the cutting edge of crypto conversations leading into the Trump administration. Ripple has contributed heavily to crypto-focused super PACs such as Fairshake, a political action committee funded by the crypto industry.
Adding more to this, the company has introduced its RLUSD stablecoin in a $220 billion fiat-pegged token market dominated by Tether (USDT). Regardless of being a new entrant, some have suspected that Ripple’s play could signal the upcoming U.S. stablecoin regulations.
The recent update on SEC Vs. Ripple Case
In the much-talked case of Ripple Vs. SEC the recent update is that Ripple Labs developed a draft submission outline for its planned appeal. The current firm filing at the court looks for an increased case duration with an April 16, 2025 deadline for their submission opinion.
With the aim of managing issues emerging from cross-appeals, Ripple instituted this scheduling request to their ongoing battle with the US SEC. Ripple Labs filed a letter on January 24 to the Court of Appeals of the United States for the Second Circuit.
The document requested the court to control when Ripple should file its appeal brief by positioning the deadline for April 16, 2025. The given date for the brief appeal submission was approved by the chief executive officer of Ripple, Brad Garlinghouse, and Executive Chairman Chris Larsen.
The firm aims to hold its court battle against the SEC and extend the litigation duration past previous estimates that had approximated final court decisions within April or May. As per the Pro-XRP lawyer Bill Morgan, the XRP case can achieve its conclusion within the given time frame.
