XRP, Ripple, & XRPL: Untangling the Crypto Trinity
XRP, the sixth-largest digital currency by market value, is sometimes mistaken for Ripple and the XRP Ledger (XRPL). However, there are significant differences between them.
XRP is distinct from the XRP Ledger, and Ripple plays a crucial role in the ecosystem. Crypto investors should also explore the technical aspects of XRPL, the native digital asset of the network, XRP, and the American fintech company that launched the two – Ripple.
Ripple: The Company
Officially known as Ripple Labs Inc., the American fintech company responsible for developing the XRP Ledger and the XRP token, encountered legal troubles with the United States Securities and Exchange Commission (SEC) over the XRP initial coin offering (ICO) in 2020. In its complaint, the regulator asserted that XRP was a security; Judge Analisa Torres ruled in 2023 that, when sold to retail investors, the altcoin was not a security.
In a 2023 interview, Ripple’s chief executive, Brad Garlinghouse, said that his business had spent more than $100 million combating the SEC, adding:
“Well on one hand it’s frustrating. You have a government that has unlimited resources to keep fighting a fight they’ve…
The post XRP, Ripple, & XRPL: Untangling the Crypto Trinity appeared first on Coin Edition.
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XRP, Ripple, & XRPL: Untangling the Crypto Trinity
XRP, the sixth-largest digital currency by market value, is sometimes mistaken for Ripple and the XRP Ledger (XRPL). However, there are significant differences between them.
XRP is distinct from the XRP Ledger, and Ripple plays a crucial role in the ecosystem. Crypto investors should also explore the technical aspects of XRPL, the native digital asset of the network, XRP, and the American fintech company that launched the two – Ripple.
Ripple: The Company
Officially known as Ripple Labs Inc., the American fintech company responsible for developing the XRP Ledger and the XRP token, encountered legal troubles with the United States Securities and Exchange Commission (SEC) over the XRP initial coin offering (ICO) in 2020. In its complaint, the regulator asserted that XRP was a security; Judge Analisa Torres ruled in 2023 that, when sold to retail investors, the altcoin was not a security.
In a 2023 interview, Ripple’s chief executive, Brad Garlinghouse, said that his business had spent more than $100 million combating the SEC, adding:
“Well on one hand it’s frustrating. You have a government that has unlimited resources to keep fighting a fight they’ve…
The post XRP, Ripple, & XRPL: Untangling the Crypto Trinity appeared first on Coin Edition.
Read More
Hong Kong Limits Initial Stablecoin Licenses Amid Tokenization Push