Bitcoin
Bitcoin (BTC)
$98,206.00 0.94418
Bitcoin price
Ethereum
Ethereum (ETH)
$3,695.64 -0.97924
Ethereum price
BNB
BNB (BNB)
$687.35 -0.79719
BNB price
Solana
Solana (SOL)
$222.22 2.48207
Solana price
XRP
XRP (XRP)
$2.32 4.69137
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000272 1.8676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -7.85668
Pepe price
Bonk
Bonk (BONK)
$0.0000367 -3.03022
Bonk price
dogwifhat
dogwifhat (WIF)
$2.93 -0.65237
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 6.5548
Popcat price
Bitcoin
Bitcoin (BTC)
$98,206.00 0.94418
Bitcoin price
Ethereum
Ethereum (ETH)
$3,695.64 -0.97924
Ethereum price
BNB
BNB (BNB)
$687.35 -0.79719
BNB price
Solana
Solana (SOL)
$222.22 2.48207
Solana price
XRP
XRP (XRP)
$2.32 4.69137
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000272 1.8676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -7.85668
Pepe price
Bonk
Bonk (BONK)
$0.0000367 -3.03022
Bonk price
dogwifhat
dogwifhat (WIF)
$2.93 -0.65237
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 6.5548
Popcat price
Bitcoin
Bitcoin (BTC)
$98,206.00 0.94418
Bitcoin price
Ethereum
Ethereum (ETH)
$3,695.64 -0.97924
Ethereum price
BNB
BNB (BNB)
$687.35 -0.79719
BNB price
Solana
Solana (SOL)
$222.22 2.48207
Solana price
XRP
XRP (XRP)
$2.32 4.69137
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000272 1.8676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -7.85668
Pepe price
Bonk
Bonk (BONK)
$0.0000367 -3.03022
Bonk price
dogwifhat
dogwifhat (WIF)
$2.93 -0.65237
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 6.5548
Popcat price
Bitcoin
Bitcoin (BTC)
$98,206.00 0.94418
Bitcoin price
Ethereum
Ethereum (ETH)
$3,695.64 -0.97924
Ethereum price
BNB
BNB (BNB)
$687.35 -0.79719
BNB price
Solana
Solana (SOL)
$222.22 2.48207
Solana price
XRP
XRP (XRP)
$2.32 4.69137
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000272 1.8676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -7.85668
Pepe price
Bonk
Bonk (BONK)
$0.0000367 -3.03022
Bonk price
dogwifhat
dogwifhat (WIF)
$2.93 -0.65237
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 6.5548
Popcat price

Ripple’s $150 million spending for the last ‘no’

ripples-150-million-spending-for-the-last-no
Edited by
News
Ripple’s $150 million spending for the last ‘no’

Ripple’s $150 million legal battle with the U.S. Securities and Exchange Commission took center stage during a recent 60 Minutes episode on CBS News. 

While the segment discussed Ripple’s legal challenges and the crypto industry’s growing political influence, CEO Brad Garlinghouse and several community members expressed frustration with the way the story was presented.  

After the episode aired, Garlinghouse took to X to share his concerns. He emphasized that the interview, which lasted over 90 minutes, failed to include a significant legal development: a federal judge ruled in July that XRP (XRP) is not a security when sold on public exchanges. 

This ruling contradicted claims made during the segment, particularly those by John Reed Stark, a former SEC enforcement head, who insisted XRP should be classified as a security. 

Garlinghouse accused the program of omitting important context that could have provided a more balanced view of Ripple’s case.  

He also criticized Stark’s broader dismissal of crypto’s utility, comparing it to early skepticism about the internet. He noted that Ripple is already facilitating billions of dollars in cross-border transactions for institutional clients using XRP, all under compliance with know-your-customer regulations. 

The Ripple CEO argued that these real-world applications show the potential of blockchain technology, a point the episode largely overlooked.  

Crypto proponents echoed Garlinghouse’s sentiments. Entrepreneur Monika Baechler-Dombay questioned the motivations behind 60 Minutes’ editorial choices, suggesting that the omission of favorable details about Ripple and XRP served a biased narrative. 

Similarly, an investor identified as Red pointed out that the July ruling declaring XRP not a security remains unchallenged and should have been a central focus of the segment.  

Crypto proponent Jon voiced strong disapproval of 60 Minutes following the segment, accusing the program of misrepresenting the crypto industry and unfairly targeting Ripple’s CEO. 

He criticized the show for implying that crypto manipulated elections, coerced lawmakers, and facilitated illicit activities like human trafficking. 

Despite the shortcomings, the 60 Minutes episode highlighted how deeply the crypto industry has integrated into U.S. politics and society. Ripple’s contributions, along with those from other crypto firms, have influenced key elections and legislative initiatives. 

The bipartisan FIT21 bill, which seeks to establish a clearer regulatory framework for crypto, is a step toward addressing the regulatory uncertainties faced by companies like Ripple.  

However, the episode also revealed the divide in perspectives on cryptocurrency. Stark described crypto as a speculative asset with significant risks, emphasizing its potential misuse in illicit activities.