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Ripple

Ripple Finally Ends Lawsuit with SEC After Court Approves Dismissal

by admin August 22, 2025

The Ripple lawsuit with the U.S. Securities and Exchange Commission (SEC) has finally come to an end after almost five years. The court has approved a joint request from both Ripple and the SEC to dismiss their appeals.

Lawyer James Filan shared the news on X, saying the U.S. Court of Appeals for the Second Circuit signed the order.

Jame Filan shares the news on X | Source: X

The SEC decided to drop its appeal, while Ripple and its executives, Chris Larsen and Brad Garlinghouse, also chose to withdraw their own cross-appeal.

But now that the case is closed, Ripple must pay a penalty to the SEC. Judge Analisa Torres had already ruled that Ripple owed $125 million for breaking securities laws when selling XRP to institutional investors. This fund was already placed in escrow while the case continued, as it waited for the appeal decision to finish.

Earlier, Ripple and the SEC agreed to reduce the penalty to $50 million, but Judge Torres did not accept that amount. She refused to issue a ruling that would change the settlement, leaving the higher fine of $125 million in place. Ripple will now complete this payment to officially settle the matter.

Meanwhile, this is good news to the crypto space and it sure has been celebrated. At the time of writing this report, XRP is up 5.57%. This was from the previous day and intraday low of $2.78. Currently, the token is trading for $3.06, with an 89% surge in trading activity, leading to $9.27 billion in trading volume.

The case initially started back in December 2020, when the SEC accused Ripple of raising $1.3 billion through sales of unregistered securities. Since then, the lawsuit had become a turning point for the crypto space, with debate raising about whether digital tokens should be treated as securities under U.S. law. With the appeals dismissed and the fine confirmed, this chapter is officially closed.

Also Read: Traders Are Shifting to Ethereum as Bitcoin Volatility Drops

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August 22, 2025 0 comments

GameFi Guides

Breaking: Ripple Case Officially Over as Appeals Court Approves Dismissal

by admin August 22, 2025

After more than four years of back-and-forth litigation, it’s finally over.

The United States Court of Appeals for the Second Circuit has officially closed the U.S. Securities and Exchange Commission (SEC) v. Ripple case at the appellate level.

Earlier this year, the SEC and Ripple filed a joint stipulation in the appeals court in order to request the dismissal of the agency’s appeal as well as Ripple’s cross-appeal.

The appeals court has now accepted the joint stipulation, officially putting an end to the grueling legal case that has dragged on since late 2020.

As reported by U.Today, the SEC and Ripple reached a settlement earlier this year following the exit of former Chair Gary Gensler. The SEC agreed to reduce Ripple’s monetary penalty as well as drop the permanent injunction preventing the company from conducting institutional XRP sales in the US.

However, the case has now ended with Judge Torreses’s final judgment remaining intact after she refused to amend it.

XRP’s tepid reaction

The price of the XRP token has barely budged following the recent development, which has been mostly priced in by the market.

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However, it is still up by nearly 7% over the past 24 hours after the Federal Reserve’s dovish U-turn.

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August 22, 2025 0 comments

NFT Gaming

Ripple and SBI to Launch RLUSD Stablecoin in Japan by Early 2026

by admin August 22, 2025

In brief

Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins.
SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD.
Japan has a structured and bank-friendly crypto regime, while its local players place a premium on compliance, Decrypt was told.

Ripple and SBI Holdings are preparing to launch the RLUSD stablecoin in Japan by early next year, as the country’s freshly crafted stablecoin laws open its market to foreign issuers.

The joint move was signed under a memorandum of understanding that will see Ripple’s RLUSD stablecoin distributed in Japan through SBI VC Trade, the group’s licensed crypto exchange, Ripple announced late Thursday evening.

Ripple’s entry would help step up the “reliability and convenience of stablecoins in the Japanese market,” SBI VC Trade CEO Tomohiko Kondo said in a statement.

It comes as Japan’s Payment Services Act amendment took effect in June 2023, establishing a licensing regime for electronic payment instruments. An earlier version of the stablecoin framework was passed by the Japanese parliament in 2022.

The framework has been continuously refined through new amendments set to roll out by 2026, including relaxed reserve requirements and updated licensing tiers, according to a report from Asia Business Law Journal.

Under the new rules set to take effect next year, only licensed entities such as fund transfer service providers or trust banks can issue or distribute fiat-pegged stablecoins, a framework that has opened the door to regulated launches like RLUSD.

SBI VC Trade was the first in Japan to secure an Electronic Payment Instruments Exchange Service Provider license, allowing it to handle foreign-issued stablecoins.

“Japan quietly has a very structured and bank-friendly crypto regime given its continuously revised Payment Services Act,” Rick Maeda, Tokyo-based analyst at Presto Research, told Decrypt.

Ripple “leverages this regulatory moat as well as SBI’s deep retail and institutional reach,” Maeda said.

He pointed to RLUSD’s “institutional branding and reserve transparency,” which could help it against competitors, given how the Japanese market’s regulators, banks, and corporates “place a premium on compliance.”

Earlier in March, NYSE-listed stablecoin issuer Circle received the first approval of a U.S. dollar-pegged stablecoin in Japan for its USDC product. Tether, which issues USDT, a larger competing stablecoin, has not received similar approval.

RLUSD, meanwhile, operates with a smaller market circulation of about $667 million over an average daily trading volume of about $71 million, according to data on CoinGecko.

RLUSD is issued under a New York State trust-company charter, backed fully by cash, short-term Treasuries, and cash equivalents with monthly reserve attestations, according to Ripple.

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August 22, 2025 0 comments

Crypto Trends

Ripple, SBI Plan RLUSD Stablecoin Distribution in Japan by 2026

by admin August 22, 2025

Ripple and SBI Holdings plan to roll out Ripple USD (RLUSD) in Japan, aiming to tap into the country’s emerging stablecoin market under new regulatory frameworks.

The two companies announced on Friday that they had signed a memorandum of understanding, in which SBI VC Trade’s role is that of distributor. SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, aims to make RLUSD to go live in Japan during the first quarter of 2026.

RLUSD is Ripple’s first stablecoin initiative, launched in December 2024. The token is fully backed by U.S. dollar deposits, short-term Treasuries and cash equivalents, with monthly attestations from a third-party firm.

Ripple says this structure offers regulatory clarity and institutional-grade compliance — traits it argues will differentiate RLUSD from peers.

SBI executives framed the partnership as a step in strengthening Japan’s digital finance infrastructure. “The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins,” said SBI VC Trade CEO Tomohiko Kondo.

Ripple executives echoed the compliance focus. “RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance,” said Jack McDonald, Ripple’s senior vice president of stablecoins.

The rollout also highlights the deepening ties between Ripple and SBI, longtime partners in Asia’s blockchain ecosystem. It also comes as Japan approved the first yen-denominated stablecoin for issuance in the country earlier this week.

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August 22, 2025 0 comments

NFT Gaming

Ripple to Bring RLUSD to Japan

by admin August 22, 2025

RLUSD’s growth
Japan’s stablecoin market

Enterprise blockchain company Ripple has announced that it is bringing its highly regulated Ripple USD (RLUSD) stablecoin to the Japanese market in partnership with SBI VC Trade, the cryptocurrency exchange arm of financial giant SBI Holdings, in early 2026.

SBI VC Trade CEO Tomohiko Kondo has stated that the introduction of RLUSD would be a “major step” toward making stablecoins more convenient and reliable in the Japanese market.

RLUSD’s growth

According to data provided by CoinGecko, RLUSD, which was officially launched last December, currently boasts a market cap of $667 million.

Last week, Ripple minted another 24 million tokens on the Ethereum blockchain.

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As reported by U.Today, the token was recently used in the initial public offering (IPO) settlement of crypto exchange Bullish, and it could also be part of Ripple’s credit facility for the Gemini trading platform.

Japan’s stablecoin market

Stablecoins have been gaining major traction around the globe, and Japan is not an exception.

In March, USDC issuer Circle, a major Ripple competitor, announced the launch of the stablecoin in Japan in partnership with SBI VC.

Recently, the Financial Services Agency (FSA), the country’s first financial regulator, allowed local fintech firm JPYC to issue the first stablecoin pegged to the yen.

Jack McDonald, Ripple’s vice president of stablecoins, says that he hopes that RLUSD will set a new “benchmark” for the entire market.

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August 22, 2025 0 comments

GameFi Guides

Ripple Helps Build Real-Time Crypto Crime Response System

by admin August 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple has signed on as a founding member of the Beacon network, a system built to spot and stop crypto theft as it happens.

It’s a move that puts a big-name company behind a new, automated method for tracking stolen funds. Short answer: it tries to catch criminals before they cash out.

Beacon Offers Real-Time Alerts

According to TRM Labs, the Beacon network watches flagged addresses and follows funds as they move from wallet to wallet and across different blockchains.

The system sends real-time alerts to exchanges and financial firms when suspicious coins approach points where they might be cashed out.

That means transfers can be noticed 24/7, and alerts arrive before funds leave an exchange. It’s not just a fancy tracker; it is made to act as an early warning system for companies that can freeze assets quickly.

Ripple is proud to be a founding member of @trmlabs’ Beacon Network — a first-of-its-kind real-time crypto crime response network.

Working with industry & law enforcement, Beacon helps stop illicit funds before they exit the blockchain.

Learn more: https://t.co/6Yp7IpY6Dd https://t.co/EQ0b9yFkks

— Ripple (@Ripple) August 20, 2025

Major Exchanges Join In

Reports have disclosed that several major platforms are already on board. Ripple, the San Francisco-based payments firm, sits alongside OKX, Crypto.com, and Anchorage Digital as inaugural members.

TRM Labs also secured cooperation from Binance, Coinbase, and Kraken to share the real-time status of flagged addresses. The more firms that share information, the harder it becomes for launderers to slip through the gaps.

This kind of cooperation speeds up investigations and gives law enforcement a better shot at recovering stolen coins.

Total crypto market cap currently at $3.81 trillion. Chart: TradingView

Real-World Pressure Test: The Bybit Heist

According to reports about the February hack on Bybit, a gang tied to North Korea’s Lazarus Group made off with about $1.5 billion.

That case shows why Beacon’s approach matters. Hackers used cross-chain tactics and quick movement to wash funds.

When time is on the side of the thieves, freezing assets later often comes too late. Beacon aims to change that by alerting exchanges while the trail is still fresh.

Gaps Remain Around Stablecoins

Not everyone is a participant yet. TRM Labs did not list stablecoin issuers Tether and Circle among the initial collaborators. That’s important because stablecoins move a lot of stolen value and can be the vehicle for quick exits.

If major stablecoin issuers don’t link into the system, criminals may still find ways to route funds through liquidity pools and corners of the market that aren’t watching. This is a weakness Beacon will need to close if it wants real effectiveness.

Featured image from Unsplash, chart from TradingView

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August 22, 2025 0 comments

NFT Gaming

Why VivoPower Wants Ripple Shares at a Discount to Its XRP Holdings

by admin August 21, 2025

In brief

Ripple’s shares trade at a discount to its XRP holdings
VivoPower is trying to buy them for discounted XRP exposure.
The shares aren’t owned by Ripple itself, a person familiar with the matter said.

Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect that, according to VivoPower advisory board member Adam Traidman.

As a private company, Ripple’s shares have less liquidity than they would on a stock exchange, so the company’s share price is primarily determined across individualized deals—often at a discount to the value of Ripple’s unmatched XRP holdings—he told Decrypt on Tuesday.

“It has historically been really challenging for Ripple to keep great employees because there is no liquidity,” said Traidman, who previously served on Ripple’s board of directors and as CEO of SBI Ripple Asia, a joint venture with the Japanese financial conglomerate SBI Holdings.

Ripple shares do have liquidity on private markets like Forge. But they are limited to accredited investors. Ripple shares changed hands around $114 on Tuesday, but it can take up to 60 days for trades to be completed, depending on the negotiating process.

Decrypt reached out to Ripple for comment.

Tender offers from Ripple have also provided its current and former employees with some degree of liquidity in the past, but with digital asset treasury firms being established for nearly every popular cryptocurrency—from Dogecoin to Tron—VivoPower has recently emerged as another potential buyer, seeking Ripple equity as a way to augment its XRP-buying strategy.

On Thursday, VivoPower shares fell to around $5.26, according to Yahoo Finance. The Nasdaq-listed firm’s share price has rallied nearly 300% year-to-date; however, the company’s stock has struggled to surpass a recent high of $8.88 in late May.

The company said earlier this month that it is acquiring $100 million worth of privately held Ripple shares at a $19 billion valuation. Without considering the value of Ripple’s business or RLUSD stablecoin, VivoPower said the deal would effectively give it exposure to XRP at an 86% discount compared to the cryptocurrency’s current market price.

Ripple didn’t pay a dime for its XRP stockpile, but based on the company’s valuation, VivoPower said that it would effectively be buying XRP at $0.47 per token at the time.

Ripple-linked wallets controlled roughly 42 billion XRP on Thursday, according to XRP Scan. On paper, those tokens were worth $121 billion, according to crypto data provider CoinGecko.

XRP Ledger co-founders gifted Ripple 80 billion XRP in the network and company’s early days. Most of the remaining funds–totaling 38 billion XRP worth $112 billion, as of October–are held in escrow to “provide predictability to the XRP supply,” according to XRP Ledger’s website.

VivoPower co-founder and Executive Chairman Kevin Chin learned about the opportunity to purchase Ripple shares at a confab in Singapore in June, he told Decrypt. What followed was a nearly two-month period of due diligence, he added.

“Ripple themselves are the largest holders [of XRP], largely in escrow, and demonstrated over more than 10 years that they’re very disciplined in how that gets released into the market,” he said. “So we got very comfortable.”

A person familiar with the matter told Decrypt that the shares that VivoPower is trying to purchase are not owned by Ripple itself.

VivoPower waited until the U.S. Securities and Exchange Commission’s years-long legal battle with Ripple was over before making the deal public. The withdrawal of the SEC’s appeal, and Ripple’s cross-appeal, finalized a $125 million penalty against Ripple earlier this month.

VivoPower estimated this month that its investment in Ripple would reflect exposure to 211 million XRP. VivoPower unveiled its XRP treasury strategy in late May, pivoting away from sustainable energy, but it does not share its XRP holdings on its website.

Traidman said that VivoPower is working on a transparency page to show its XRP holdings that’s “cryptographically provable independently from the XRP ledger,” but acknowledged that may not be possible with Ripple’s shares, if the company is able to buy them.

“That’s not on the blockchain, so we can’t prove it. But at least on the website, we will transparently state how much we have,” he said.

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August 21, 2025 0 comments

Crypto Trends

Ripple Extends $75M Credit Facility to Gemini as Exchange Pursues IPO

by admin August 19, 2025

Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss.

In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million.

The filing puts Gemini, which plans to use the ticker “GEMI” on Nasdaq, in line to become the third crypto exchange to trade publicly in the U.S. after Coinbase (COIN), which debuted on Nasdaq in 2021, and Bullish (BLSH), the owner of CoinDesk, whose shares listed on the New York Stock Exchange a week ago.

Ripple’s role in the listing stood out. In the filing, Gemini said it entered a credit agreement with Ripple Labs in July granting access to up to $75 million in loans, with the option to extend the facility to $150 million if certain metrics are met.

Each drawdown must be at least $5 million and carries interest of either 6.5% or 8.5%, secured against collateral.

In addition, once borrowing surpasses the initial $75 million, requests can be denominated in Ripple’s dollar-backed RLUSD stablecoin. As of the filing date, however, no borrowings had been drawn under the facility

The credit deal with Gemini puts RLUSD directly in the mix as a settlement option for a major U.S. trading platform — an early indication that Ripple wants its stablecoin to compete alongside the two market leaders, Tether's USDT and USDC, issued by Circle Internet (CRCL).

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August 19, 2025 0 comments

Crypto Trends

Ripple CTO Declares Blockchains Can Solve Problems Outside Of Cryptocurrencies

by admin August 18, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s Chief Technology Officer, David “JoelKatz” Schwartz, recently shared his view that blockchains are not only about cryptocurrencies but could also solve many other problems. He explained that the fintech company’s vision has always gone beyond digital coins, dating back to Ryan Fugger’s trust line idea in 2004. This early work, according to him, became the base for the company’s approach to connecting institutions and building trust networks.

Ripple’s Vision Started With Trust Networks And Enterprise Adoption

The Ripple CTO pointed to Fugger’s work as the actual starting point for Ripple’s technology. Fugger builds his trust line system around the idea that people and institutions could form reliable networks of trust without always needing cash or coins in the middle. According to the CTO, this early concept eventually became the foundation for Ripple’s technology and the Interledger Protocol (ILP).

According to him, the Interledger Protocol, which connects different payment systems around the world, can, in many cases, work better than cryptocurrencies. “For those use cases where this is better than a cryptocurrency, there’s no world where people use cryptocurrencies instead of these kinds of solutions.” He added that this does not worry him because cryptocurrencies today are only a small fraction of what they could eventually become.

When the need is about trust and cooperation between established players, distributed ledgers like ILP can provide smoother and more practical outcomes. In his view, this does not detract from cryptocurrencies but demonstrates that blockchain can serve multiple roles simultaneously.

He explained that distributed ledgers offering solutions, even for problems that are not solved best with crypto, will make blockchains more useful for everyone. Rather than trying to take the place of cryptocurrencies, the aim here is to highlight the many uses of blockchains, with that broader value pushing adoption forward.

Ripple CTO Explains Where Cryptocurrencies Still Have The Edge

The Ripple CTO also explained that cryptocurrencies remain vital in certain situations. “Digital assets without counterparties, without jurisdictions, that are censorship resistant and, yes, also volatile should only be used for the use cases where those things are truly advantages,” he said. He pointed out that these features are not helpful in every case but matter greatly where they are required.

The volatility and decentralized nature of digital assets are not weaknesses in those contexts but advantages in specific situations where independence and openness matter most. For example, when users need assets that cannot be blocked or controlled, cryptocurrencies provide a clear solution.

In his view, the best outcome is not to treat enterprise blockchains and cryptocurrencies as rivals but as partners in a larger ecosystem. Distributed ledgers can deliver better solutions while still leaving space for digital assets to thrive in the areas where they are most effective. This way forward is what will keep blockchain meaningful and functional well into the future.

XRP struggles amid bearish headwinds | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from TradingView.com

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August 18, 2025 0 comments

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Ripple CTO Unveils Behind-the-Scenes of New XRP Project

by admin August 18, 2025

David Schwartz, Ripple’s longtime chief technology officer, has been running a new experiment on the XRP Ledger, and over the weekend he decided to show what has been going on under the hood.

This time the focus was far more practical: a hub server he has been running that could soon become part of XRPL’s production infrastructure.

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The update came with several charts — bandwidth, latency, peer counts, even disconnection rates — all pointing to a network holding good over a full day of monitoring. There was a single bump in latency, something Schwartz noted only affected a few weaker links, and a small data dropout that he dismissed as a monitoring glitch.

Here’s the past 24 hours. All good. There is one spike in latency that only affected a few links that were already poor. The tiny drop in network b/w appears to be a monitoring dropout and doesn’t show on the switch port’s monitoring. I think we’re nearly production ready. pic.twitter.com/1GNCqF8EBc

— David ‘JoelKatz’ Schwartz (@JoelKatz) August 17, 2025

Everything else looked clean enough for him to suggest that the system is “nearly production ready,” words that carry some weight given XRPL’s history of uptime and stability.

What is it for?

For Schwartz, the server is designed to help important XRP Ledger nodes stay more reliably connected, making the network less prone to sudden drops or sync issues. Yes, it had been some time since he last handled live infrastructure, but the work was both fun and useful, he says.

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For a blockchain that has been running since 2012, reliability may not sound like the most exciting breakthrough, but it matters. The closer the ledger gets to enterprise and payments use cases, the more every connection counts, and adding a layer that quietly strengthens the backbone could end up being more important than headline-grabbing features.

Schwartz’s update does not announce a launch date, but the takeaway is simple: the groundwork for XRPL’s next phase is already being tested.

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August 18, 2025 0 comments