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Search resuls for: "Stu Alderoty"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXRP rises after SEC drops claims against Ripple Labs executives: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Stu Alderoty, chief legal officer at Ripple, discusses the SEC's decision to drop its lawsuit against two Ripple Labs executives, Brad Garlinghouse and Chris Larsen.
Persons: explainers, Stu Alderoty, Brad Garlinghouse, Chris Larsen Organizations: SEC, Ripple Labs, CNBC Crypto, CNBC
Founded in 2021 by Scott Purcell, an entrepreneur with a background in equity and debt crowdfunding, Fortress Trust aims to help large enterprises interact with digital currencies. The company uses a blockchain-based messaging system, akin to SWIFT, to approve speedy transactions between a network of banks and other financial institutions. A Ripple spokesperson declined to comment on the size of the deal but said that it is less than the sum Ripple paid to buy Metaco. Ripple also obtained a Nevada trust with its acquisition of Fortress Trust, adding to its growing list of regulatory permits globally. The company told CNBC previously it was also looking to get an e-money license with the Irish central bank.
Persons: Brad Garlinghouse, Ripple, Scott Purcell, Purcell, BitGo, SWIFT, Britain's, Singapore's, XRP, Stu Alderoty Organizations: Trust, Prime Trust, SBI, U.S . Securities, Exchange Commission, MoneyGram, CNBC, Monetary Authority of, Fortress Trust Locations: Austin , Texas, Nevada, U.S, Swiss, Fortress Trust's, York, New York, Monetary Authority of Singapore, Irish
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Ripple disputed the claims, insisting XRP cannot be considered a security and is more akin to a commodity. Meanwhile, Tetragon, a U.K.-based investor that previously backed Ripple, sold its stake back to Ripple after unsuccessfully trying to sue the company to redeem its cash. Asked whether the ruling meant that American banks would return to Ripple to use its ODL product, Alderoty said: "I think the answer to that is yes." Ripple also uses blockchain in its business to send messages between banks, kind of like a blockchain-based alternative to Swift.
Persons: Stu Alderoty, Ripple's, MoneyGram, Alderoty Organizations: CNBC, U.S . Securities, Exchange Commission, SEC Locations: Paris, France, San Francisco, New York, U.S, U.K, United States
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