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Showing posts with the label xrp lawsuit

Is XRPL Better Than Proof-of-Stake? Ripple CTO Shares Take

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The Ripple CTO Revelations on XRPL Schwartz shared his take about the superiority of the XRPL as part of his contribution to a very long X (Twitter) conversation that was started by Jorge Stolfi, a Computer Science Professor who advised the United States Securities and Exchange Commission (SEC) to Appeal the decision from Judge Torres which split the security status of the XRP coin. advertisement The conversations gravitated toward the centralization or decentralization aspect of the operations of the protocol backing the XRP coin. Schwartz noted that XRPL is a more decentralized protocol when compared to either PoW or PoS. He said one way to prove this is by checking the ease at which the trio can be forked which aligns more positively to XRPL . The veteran software engineer noted that decision-making on XRPL is unique as the majority does not necessarily have to agree with any given proposal.  “If you disagree with XRPL’s rules, y...

US Crypto Exchange Exec: No Legal Precedent To Not List XRP

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Also Read: Coinbase Derivatives Exchange To Launch BTC, ETH Futures On June 5 advertisement The Summary Judgement in the lawsuit is awaited from Judge Analisa Torres while June 13, 2023 is by when the Hinman speech documents are to be publicly released. XRP Delisting Has No Legal Precedent In the context of Uphold being one of the rare US crypto exchanges to still offer XRP trade, Nancy Beaton, the Chief Revenue and Marketing Officer at the crypto exchange, said there was no legal precedent to follow when it comes to not listing the token. In the recent times, the XRP token holder community has also pushed the same argument while demanding that the exchange list the cryptocurrency on its platform. She added that Uphold would follow it if and when there is a legal precedent. However, she affirmed that there is no legal precedent currently and that they feel comfortable listing the token. “We are highly regulated so we do take compliance incredibl...