Ripple executive: SEC lawsuit has "virtually no impact" on company's dialogue with central banks
2023-07-28 16:27
Odaily News: James Wallis, Vice President of Government Relations at Ripple, said on Friday that the long-standing legal dispute with the U.S. SEC "has had almost no impact" on the company's conversations with central banks.
Wallis also stated that the decision to sell XRP by Ripple does not constitute an investment contract. This is not only a significant victory for Ripple but also for the entire industry. However, the ongoing legal battle since 2020 has not had any adverse effects on Ripple's ability to engage in dialogue with central banks and advance projects. (CoinDesk)
In previous news, the Palau government launched a pilot project for a U.S. dollar-backed stablecoin on July 26. The new currency will be issued on the XRP Ledger and is the latest project to operate on the Ripple CBDC platform launched in May. The country will distribute the initial batch of Palau Stablecoins (PSC) to government employees as part of the pilot project.
Wallis also stated that the decision to sell XRP by Ripple does not constitute an investment contract. This is not only a significant victory for Ripple but also for the entire industry. However, the ongoing legal battle since 2020 has not had any adverse effects on Ripple's ability to engage in dialogue with central banks and advance projects. (CoinDesk)
In previous news, the Palau government launched a pilot project for a U.S. dollar-backed stablecoin on July 26. The new currency will be issued on the XRP Ledger and is the latest project to operate on the Ripple CBDC platform launched in May. The country will distribute the initial batch of Palau Stablecoins (PSC) to government employees as part of the pilot project.
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