The Securities and Exchange Commission pushed back Wednesday after two executives of distributed ledger company Ripple asked a federal court to stop the U.S. regulator from subpoenaing personal financial records.
Twin letters filed in federal court indicate that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen will seek a dismissal of the Securities and Exchange Commission's ongoing lawsuit.
Publicly-traded remittance firm MoneyGram announced Monday that it has suspended the use of Ripple’s payments solution in light of the distributed ledger company’s ongoing legal fight with the SEC.
Former Ripple advisor Michael Barr is reportedly expected to head the Office of the Comptroller of the Currency (OCC) under Joe Biden's administration.
Dubai's financial services regulator said on Monday that it will develop a regulatory framework for the cryptocurrency sector. It should be noted that Ripple recently set up a regional base in Dubai.