New Era

Standard

Fortress

Read

<ul>
 <li>Ripple eyes US market resurgence through the acquisition of Standard Custody.</li>
 <li>Brad Garlinghouse confirms Ripple’s plan, emphasizing compliance and product enhancement.</li>
 <li>XRP’s potential surge awaits regulatory approval amid ongoing legal battles with SEC.</li>
</ul>
<p>In a significant move, Ripple, the San Francisco-based crypto platform and primary distributor of XRP, is eyeing a comeback in the US market through the acquisition of New York-based digital asset platforms, Standard Custody and Trust Company.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">With <a href="https://twitter.com/StandardCustody?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@StandardCustody</a>, we’ll be able to improve existing product offerings for our customers, as well as explore new products and use cases, all in a fully compliant way. <br><br>To date, <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> has secured:&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">&nbsp;nearly 40 U.S. money transmitter licenses,&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">&nbsp;MPI license from MAS, and&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/0BrAWjBmhM" rel="noopener noreferrer nofollow">https://t.co/0BrAWjBmhM</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1757426246034591833?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Ripple’s CEO, <a href="https://cryptonewsland.com/xrp-is-the-next-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Brad Garlinghouse</a>, confirmed the acquisition plans, expressing the company’s aim to <a href="https://cryptonewsland.com/ripples-tokenization-revolution-unlocking-liquidity-efficiency-and-transparency/" target="_blank" rel="noopener noreferrer nofollow">enhance existing products</a>, explore new use cases, and maintain full compliance through the collaboration with Standard Custody.</p>
<p>Ripple boasts previous achievements, including securing 40 US money transmitter licenses, a Major Payment Institution license from the Monetary Authority of Singapore, and a Virtual Assets Service Provider designation from the Central Bank of Ireland.</p>
<p>Despite this positive move, XRP remains embroiled in legal battles with the US Securities and Exchange Commission (<a href="https://www.sec.gov/" target="_blank" rel="noopener noreferrer nofollow">SEC</a>), accused of selling XRP as a security. Ripple’s latest acquisition is pending approval from the New York Department of Financial Services, adding a layer of uncertainty to the crypto platform’s plans. The legal dispute has stretched over three years, with recent favorable decisions for Ripple potentially impacting the outcome.</p>
<p>As the XRP community eagerly awaits regulatory approval and assesses the potential market impact, XRP is currently trading at $0.5243, showing a marginal 1% price decline in the last 24 hours, according to <a href="https://www.coingecko.com/" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a>. The crypto space remains attentive to Ripple’s developments and the unfolding legal landscape, anticipating the potential resurgence of XRP in the crypto market.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/voyager-ucc-and-us-government-approve-binanceus-acquisition/" rel="noopener noreferrer nofollow">Voyager-U.S. Government Resolution Allows BinanceUS Acquisition</a></li>
 <li><a href="https://cryptonewsland.com/ripple-strengthens-us-regulatory-footprint-with-fortress-trust-acquisition/" rel="noopener noreferrer nofollow">Ripple Strengthens US Regulatory Footprint with Fortress Trust Acquisition</a></li>
 <li><a href="https://cryptonewsland.com/sec-objects-to-binance-us-on-voyager-acquisition-plan/" rel="noopener noreferrer nofollow">SEC Objects to Binance.US on Voyager Acquisition Plan</a></li>
 <li><a href="https://cryptonewsland.com/blockchainspace-makes-an-exceptional-move-for-web3-community-support-with-metasports-acquisition/" rel="noopener noreferrer nofollow">BlockchainSpace Makes An Exceptional Move for Web3 Community Support with Metasports Acquisition</a></li>
 <li><a href="https://cryptonewsland.com/ripples-250m-metaco-deal-ushering-a-new-era-in-crypto-custody-services/" rel="noopener noreferrer nofollow">Ripple’s $250M Metaco Deal: Ushering a New Era in Crypto Custody Services</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/xrp-anticipates-surge-after-ripples-us-market-return-with-acquisition/" rel="noopener noreferrer nofollow">XRP Anticipates Surge After Ripple’s US Market Return with Acquisition</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Anticipates Surge After Ripple’s US Market Return with Acquisition

Crypto News Land

2024년 2월 14일에 게재된 다른 기사

Zimbabwe's Path to Economic Stability with Cryptocurrencies

Indonesia’s Election Victory Highlights Crypto and Blockchain Support

Bitcoin (BTC) whale invests in Kelexo (KLXO) presale as markets surge but Monero (XMR) exodus sti...

Galaxy Digital CEO Mike Novogratz Stresses US Debt as a Reason to Believe in Bitcoin

Analyst Forecasts Major Uptick in VeChain’s Value

Crypto Gaming Platform PlayDapp Hit By Double Exploits, Losing $290 Million In Massive Breach

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!