What Ripple’s CEO Appearance At The Banking Committee Means For XRP
Crypto pundit JackTheRippler recently drew the community’s attention to Ripple CEO Brad Garlinghouse’s appearance at the Senate Banking Committee hearing. The CEO spoke about XRP amid his talk on how his company is building the “internet of value.” Ripple CEO Talks About XRP During Banking Committee Appearance In an X post, JackTheRippler shared a video […]
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In announcement the appointment, Lummis made clear that she hopes to get digital asset legislation moving. The most vocally pro-crypto Senator in the U.S. will join the committee responsible for the nation's financial regulation.On Wednesday night, Senator Lummis' team told Cointelegraph that Lummis had received her committee assignments for the 117th congress.The freshman republican from Wyoming will take her place at three committees: banking, environment, and commerce. The Banking Committee is the Senate's front line for financial legislation and has hosted hearings with Facebook's....
Ripple’s recent announcement of a partnership with Absa Bank, a leading pan-African financial institution, has drawn significant interest from the crypto community. Bill Morgan, a pro-XRP lawyer, explained that while the partnership primarily focuses on digital asset custody, it also signals the growing demand for Ripple’s payment infrastructure across the continent. The new development also […]
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.” Crypto Regulation Proposed by Basel Committee on Banking Supervision The Basel Committee has proposed regulating crypto assets based on their risks to banks. The Bank of International Settlement (BIS) published the committee’s public consultation on “preliminary proposals for the....
Distributed ledger tech startup Ripple has hired SWIFT board member Marcus Treacher as its global head of strategic accounts. Treacher has held a position as one of SWIFT’s more than 20 board members since 2013, where his responsibilities include overseeing its corporate advisory group and serving as a member of its banking and payments committee and technology committee. Until November 2015, Treacher was also global head of payments innovation at HSBC. Now, Treacher will be working from the headquarters of Ripple’s European operations in London. In a press release, Ripple lauded Treacher....
During an appearance before a House of Representatives committee hearing today, Federal Reserve chairwoman Janet Yellen remarked that the US central bank is “trying to understand” financial technologies like cryptocurrencies and blockchain. Yellen was speaking before the Committee on Financial Services, during which she was asked by Rep. Mick Mulvaney about the Fed’s position on cryptocurrencies and whether it investigating internal applications of blockchain. While Yellen said that the Fed wasn’t doing so, she did indicate that the US central bank was pursuing lines of inquiry within the....