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Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."
Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States
In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.
Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York
XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics. Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP isn't considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors. XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business.
Persons: XRP, Analisa Torres, XRP isn't, Brad Garlinghouse, Stuart Alderoty, Alderoty, Gary Gensler, Garlinghouse Organizations: Securities and Exchange Commission, SEC, U.S, District, Bitwise Asset Management Locations: Paris, France, Delaware
The Winklevoss twins, Coinbase and Ripple didn't immediately respond to requests for comment. Huge jump from 2020Delmore, who has been assembling reports on crypto donations in the 2024 election for blockchain analytics platform Breadcrumbs, told CNBC that industry spending is nearly double where it was in the mid-terms — more than $190 million in the 2024 election versus $98 million in the 2022 election. It's nearly 13 times spending in 2020 of $15 million — a figure based on a mix of data from FEC and OpenSecrets filings. Unlike the past two election cycles, which featured spending from the now-bankrupt crypto exchange FTX and founder Sam Bankman-Fried, this year's contributor list is more robust and diverse. "Most of the crypto donations in 2022 were from FTX and SBF and almost all of them went to Democrats or PACs that support Democrats," Delmore said.
Persons: Tyler Winklevoss, Cameron Winklevoss, Joe Raedle, Cameron, James Delmore, Donald Trump, Chris Larsen, Brad Garlinghouse, Ro Khanna, John Deaton, Democratic Sen, Elizabeth Warren, Stuart Alderoty, Alderoty, Ripple, David Sacks, Trump, Gary Gensler, Gensler, Harris, Biden, Delmore, It's, Sam Bankman, Fried, Andreessen Horowitz, Coinbase, Coinbase's Organizations: Gemini, Mana Convention, Getty, CNBC, Trump, Republican, Trump America PAC, Fairshake PAC, Labs, Democratic, SEC, San, FEC, Citizen, Fairshake, Bloomberg, Crypto Alliance, DC Locations: Wynwood, Miami , Florida, bitcoin, Massachusetts, San Francisco, FTX
Not only was it my job to teach students how to write a college-level essay, but I also found myself taking on another role. I involuntarily became a college student life coach of sorts. Mostly, they were ill-prepared to be a college student — yet their parents and teachers expected them to "act their age." Problem-solvingWhen in high school, many of my college students were used to Mommy or Daddy stepping in on their behalf, managing any issues that would arise. Once in college, students are suddenly expected to navigate their needs independently.
Persons: , I'd Organizations: Service, Business
Read previewLast summer, my family of six went on vacation to a Florida beach. Summer has barely started, and my social media feed is flooded with friends and family members' vacation pics. AdvertisementOther theme ideas include sports, music, animals, movies, or art. See their local sights and enjoy local restaurants. Get season passesSeason passes to a nearby theme park or kid-friendly museum or activity center can save you substantial money.
Persons: , hadn't, we've, you've, St . Louis, Louis Organizations: Service, Business, City Museum Locations: Florida, St ., St
Yet crypto's Fairshake PAC also got into the race and spent $2 million to air an ad critical of Bowman. But it's not just money that the crypto industry plans to deploy this fall. Jordan Vonderhaar | Bloomberg | Getty ImagesThe effort is also meant to showcase a matured crypto industry. Meanwhile, Democratic incumbent Sen. Jon Tester told "Meet the Press" in 2022 that crypto did not "pass the smell test." Tester told reporters that he is keeping an open mind about several crypto bills before the Senate.
Persons: Jakub Porzycki, Jamaal Bowman, George Latimer, Israel, crypto's, Bowman, Fairshake, glided, John Curtis, Jamal Bowman, Evelyn Hockstein, Andreesen Horowitz, Coinbase, it's, Crypto, Brad Garlinghouse, Garlinghouse, Jordan Vonderhaar, Sam Bankman, Faryar Shirzad, Goldman Sachs, Sherrod Brown, Republican Bernie Moreno, Tim Sheehy, Sen, Jon Tester, Tester, Brett Kavanaugh, Kavanaugh, Mike Segar Organizations: Nurphoto, Getty Images WASHINGTON, Fairshake PAC, Westchester, Republicans, Democrats, Republican, United States Capitol, Reuters, CNBC, Bloomberg, Getty, White, Senate, Democratic, SEC, U.S Locations: Westchester County, Bowman's, Washington, Fairshake, Austin , Texas, Ohio, Montana
Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Blockchain firm Ripple has launched a Japan and Korea fund, aimed at driving innovation on the XRP Ledger as it continues to expand its presence in Asia-Pacific. XRP is Ripple's native cryptocurrency which is powered by the XRP Ledger, an open-source, public blockchain built for corporations. The XRPL Japan and Korea Fund is part of Ripple's commitment to 1 billion XRP aimed at providing financial, technical, and business support for developers, which was announced in March 2022. "The launch of this fund is a testament to Ripple's strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation," said Emi Yoshikawa, vice president of strategic initiatives at Ripple, according to the statement.
Persons: Jakub Porzycki, Ripple, Emi Yoshikawa, Brad Garlinghouse Organizations: Getty, Korea Fund, CNBC Locations: Krakow, Poland, Japan, Korea, Asia, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther soars 27% in May after SEC clears path for spot ether ETFs: 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, Ripple CEO Brad Garlinghouse and Kraken's Chief Legal Officer Marco Santori discuss crypto regulation from Consensus 2024.
Persons: explainers, Brad Garlinghouse, Marco Santori Organizations: SEC, CNBC Crypto, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple CEO: Crypto industry in the U.S. dealing with 'hostile regulatory environment'Ripple CEO Brad Garlinghouse sat down with CNBC Crypto World at Consensus 2024 to discuss crypto regulation. He also explains what prompted the blockchain firm to contribute another $25 million to the pro-crypto super PAC Fairshake.
Persons: Brad Garlinghouse Organizations: CNBC Locations: U.S
Like many parents, I've sometimes wondered where the time has gone and how my babies are growing up, with two already being teenagers. Despite how much my teens are trying to gain independence while also telling us just how wrong and uncool we are, they still need me. I engage with my teens in their favorite activitiesOne of my teens is an athlete who thrives on the basketball court. I take my teens on individual datesHaving one-on-one time with my teens outside our home is important. I love taking my teens on dates because we're making memories together while utilizing some of the precious time we have.
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The overwhelming and overriding culprit of my students' college failures was their parents. They were terrified of letting their parents know that money had been "wasted" or that they didn't meet their parents' own college dreams for their kids. Look into community collegeSo many students told me their parents turned their noses up at the idea of their child attending a community college, and my question is: Why? AdvertisementI attended a community college and eventually became a college teacher. Community college is cheaper, sometimes more conveniently located, and offers a less abrupt and extreme step between high school and a university.
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Mike Blake | ReutersThe CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year. If the market were to double, that would imply a new total crypto market cap of $5.2 trillion. Bitcoin accounts for about 49% of the entire crypto market, with a market capitalization of $1.3 trillion as of April 1. This year being an election year, crypto hopefuls are optimistic that the next administration will be more accommodating to the crypto industry with its policy focus. Garlinghouse isnt the only crypto bull predicting outsized gains for the crypto market this year.
Persons: Brad Garlinghouse, Mike Blake, Ripple's Brad Garlinghouse, I've, Garlinghouse, Gary Gensler, Ripple, Marshall Beard, there's, Beard, Anthony Pompliano Organizations: Milken, Global Conference, CNBC, U.S . Securities, Exchange Commission, SEC Locations: Beverly Hills , California, U.S, United States, London
Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The move would pit Ripple against stablecoin giants like Tether, which is behind the largest stablecoin UDST, and USDC issuer Circle. Payments giant PayPal , meanwhile, launched its own U.S. dollar stablecoin called PayPal USD, a stablecoin backed by U.S. dollars and dollar equivalents that is issued by crypto firm Paxos. watch nowTether is the market leader for stablecoins with a market capitalization of $106.3 billion, according to CoinGecko data. "In fact, the number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger."
Persons: Jakub Porzycki, Brad Garlinghouse, he's, Garlinghouse, Tether's, USDT, USDC, MoneyGram Organizations: U.S, SEC, Nurphoto, Getty, U.S ., PayPal, CNBC, Bank, FinCEN, Santander, U.S . Securities, Exchange Commission, Southern, of Locations: U.S, Europe, Asia, New York, Ireland, Singapore, of New York
When I got breast cancer, after processing my diagnosis for myself, I had to tell my four kids. AdvertisementMy four children were eight, six, four, and 10 months old when I learned I had breast cancer. I went to many appointments, learned more about my breast cancer type and stage, and prepared to make the decision between getting a lumpectomy or a mastectomy. It was during this decision time that I revealed to my children that I had breast cancer. When I got cancer for a second time, I was honest with them againUnfortunately, three and a half years later, I had a breast cancer recurrence in my chest wall.
Persons: , I'd, they'd, Rachel Garlinghouse Organizations: Service
Read Amanda Turner's full Aldi shopping list: I'm a military wife who drives 90 minutes with my toddler to shop at Aldi. Read Tori Hazelett's full Aldi shopping list: I'm a chef and mom of 2 who loves Aldi. Read Megan Schuett's full Aldi shopping list: I spend $100 a week at Aldi to feed my family of 4. Read Jailynn Taylor's full Aldi shopping list: I shop at Aldi for just myself and spend under $50 a week. Read Lisa Tanner's full Aldi shopping list: I'm a mom of 10 who loves shopping at Aldi.
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In this article XRP.CM= Follow your favorite stocks CREATE FREE ACCOUNTwatch nowDAVOS, Switzerland — Ripple explored markets outside the U.S. for its initial public offering, CEO Brad Garlinghouse told CNBC, blaming a "hostile" regulator. However, the firm has put any plans for an IPO on hold for now, Garlinghouse said. Garlinghouse told CNBC in 2022 that Ripple, the company behind the cryptocurrency XRP , will explore a public listing after its lawsuit with the U.S. Securities and Exchange Commission ends. The Ripple CEO said his company has not gone public in the U.S. yet because of the SEC's actions. The SEC sued Coinbase last year alleging that the company was acting as an unregistered broker and exchange.
Persons: Brad Garlinghouse, Garlinghouse, Coinbase, Gary Gensler Organizations: CNBC, U.S . Securities, Exchange Commission, Economic, SEC, U.S Locations: DAVOS, Switzerland, Davos, U.S, United States
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023. Ripple CEO Brad Garlinghouse fired off criticism at U.S. Securities and Exchange Commission Chairman Gary Gensler on Tuesday, calling the SEC chief a "political liability" amid an ongoing lawsuit. The crypto startup is fighting the SEC over allegations that the firm and its executives illegally sold XRP tokens in unregistered securities sales. A case against Garlinghouse and fellow executive Chris Larsen was dismissed in October. The SEC did not immediately respond to a CNBC request for comment.
Persons: Brad Garlinghouse, Gary Gensler, Garlinghouse, Chris Larsen Organizations: Ripple Labs Inc, U.S . Securities, Exchange, SEC, CNBC Locations: Singapore
Aldi's line of gluten-free products makes grocery shopping easy. During my most recent trip to Aldi, I stocked up on frozen fruit, gluten-free coffee, and deli meat. Aldi offers tons of gluten-free options, and the store even carries its own gluten-free line of products called liveGfree. Although Aldi carries other gluten-free items outside of this line, it's important to remember that some of them may not be certified. Here are 10 gluten-free items I picked up for my family during my most recent trip to Aldi.
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The CEO of blockchain company Ripple has some strong words for the U.S. Securities and Exchange Commission. Brad Garlinghouse told CNBC's Dan Murphy at the company's Ripple Swell conference in Dubai that he thinks the agency has lost sight of one of its key tasks as a regulator. "I think the SEC, in my opinion, has lost sight of their mission to protect investors. The SEC in 2020 accused Ripple and its executives of conducting a $1.3 billion securities fraud via sales of XRP to retail investors. Then, in October, the SEC dropped its securities law violation charges against Garlinghouse and Ripple executive Chris Larsen.
Persons: Brad Garlinghouse, CNBC's Dan Murphy, Garlinghouse, Ripple, Chris Larsen, Chris, Brad Organizations: U.S . Securities, Exchange Commission, SEC, CNBC Locations: Dubai, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe SEC has lost sight of its mission to protect investors, Ripple CEO saysBrad Garlinghouse, Ripple CEO, says the U.S. Securities and Exchange Commission "is doing the same thing over and over again, and they think, I guess, they're going to get a different outcome."
Persons: Brad Garlinghouse Organizations: SEC, Ripple, U.S . Securities, Exchange
We need regulatory clarity, Ripple CEO says
  + stars: | 2023-11-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need regulatory clarity, Ripple CEO saysBrad Garlinghouse, Ripple CEO, says "macro, exponential forces [will] continue to catapult this industry."
Persons: Brad Garlinghouse
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple CEO Brad Garlinghouse at Ripple Swell Dubai | CNBC InternationalCNBC’s Dan Murphy speaks to Ripple CEO Brad Garlinghouse about the U.S. Securities and Exchange Commission case, the long-term impact of FTX's collapse, and what’s next for crypto markets.
Persons: Brad Garlinghouse, Dan Murphy, what’s Organizations: Ripple, Dubai, CNBC, U.S . Securities, Exchange Commission
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
Attendees visit the Ripple Labs booth at the Blockchain Week Summit in Paris in March. Photo: Benjamin Girette/Bloomberg NewsWASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation. The dismissal of civil claims against Brad Garlinghouse and Chris Larsen , who were sued for assisting Ripple Labs’s sales, will likely encourage wealthy crypto defendants to fight regulators in court. At the same time, the SEC’s withdrawal from the case preserves its resources for bigger lawsuits it has filed against crypto giants Coinbase and Binance.
Persons: Benjamin Girette, Brad Garlinghouse, Chris Larsen Organizations: Bloomberg News WASHINGTON, The Securities, Exchange Commission, Ripple Locations: Paris
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