Total daily trading volumes on decentralized exchanges have surged by nearly $800 million over the past two days. As cryptocurrency investors reacted to the recent legal actions taken by the United States securities regulator against cryptocurrency exchanges Coinbase and Binance, the median trading volume across the top three decentralized exchanges (DEX) increased by 444 percent…
Read more
According to the CEO of Ripple, the US government moved several crypto companies to more friendly jurisdictions because it prioritized politics over sound policy. Speaking at the ReDEFiNe Tomorrow 2023 conference, Ripple (XRP) CEO Brad Garlinghouse predicted that the Court would rule on its case with the U.S. Securities and Exchange Commission “in weeks, not…
Read more
The U.S. lawmakers said the SEC was yet to provide adequate responses for its inquiries into its activities. The Securities and Exchange Commission (SEC) chair, Gary Gensler, was given an ultimatum on May 19 by the U.S. House Committee on Financial Services to respond to its inquiries. The lawmakers requested that the SEC provide the…
Read more
CEO Brad Garlinghouse commented on his firm’s attempts to find favorable regulation. CNBC reported on May 8 that Ripple CEO Brad Garlinghouse spoke about his company’s regulatory challenges at the Dubai Fintech Summit. The scope of Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) was described by Garlinghouse there. He said:…
Read more
