Million

Coin

<ul class="news-points"> 
 <li>Mr. Huber said Ripple’s share buyback was to help bypass U.S. regulations.&nbsp;</li> 
 <li>The crypto sleuth said U.S. banks will be able to take up more ownership shares in the blockchain firm.&nbsp;</li> 
 <li>Ripple disclosed it has no plans to IPO in the US and will continue buying back shares regularly.</li> 
</ul> 
In a recent <a href="https://twitter.com/Leerzeit/status/1745329220618801262" target="_blank" rel="nofollow">tweet</a> on social media platform X, renowned XRP advocate Mr. Huber explained why Ripple’s share buyback is a strategic move by the company.&nbsp; 
Mr. Huber’s clarifications came in response to cryptocurrency YouTuber “Jungle Inc. Crypto” comments following the buyback announcements. While the YouTuber criticized the sale and called it a sign of distress, Mr. Huber explained it was to help Ripple bypass U.S. regulations.&nbsp; 
The crypto sleuth stated that the share buyback will enable more banks to increase their ownership in Ripple. “How else can Ripple disguise all major investors while giving 50% of their ownership to the 20 banks that are now part of this?” Mr. Huber tweeted.&nbsp; 
Yesterday, Reuters <a href="https://www.reuters.com/technology/ripple-buy-back-285-million-its-shares-valuing-company-11-bln-sources-2024-01-10/" target="_blank" rel="nofollow">reported</a> the blockchain firm was buying back $285 million worth of shares in the company from early investors and employees. As noted in that report, Ripple confirmed the…
The post <a href="https://coinedition.com/xrp-advocate-defends-ripples-285-million-share-buyback-here-is-why/">XRP Advocate Defends Ripple’s $285 Million Share Buyback: Here Is Why</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Advocate Defends Ripple’s $285 Million Share Buyback: Here Is Why

Coin Edition

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