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<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>
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   <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>
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<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>
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 <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>
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</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

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