Stablecoin

2024

Drops

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a recent social media chat, Ripple CTO David Schwartz talked about ongoing concerns about how the SEC is handling digital assets, especially when it comes to enforcement.
Thus, Schwartz is not convinced by the SEC's strategy, which he thinks is too broad. He also highlighted the potential consequences of such regulation, where nearly all digital assets could be categorized as securities. This issue is coming up as the ongoing regulatory uncertainty is still affecting Ripple and the wider cryptocurrency space.
Of particular relevance to the XRP community was Schwartz’s commentary regarding Ripple’s decision to pay $125 million in the SEC v. Ripple case, also known as the "XRP case."
Here Schwartz clarified that as he understands the situation, the regulator had ruled that Ripple's offers of XRP to institutional investors were considered securities due to contractual terms, such as sales limits and lockup periods.
However, as Schwartz noted, broader use of&nbsp;<a href="https://u.today/400-million-xrp-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">XRP</a> for exchanges and compensating vendors did not fall under the same scrutiny, as these transactions lacked the terms required for securities classification.
Thus, Ripple’s dual approach to XRP transactions remained a pivotal issue in the legal proceedings.
<h2 dir="ltr" id="ripple-usd-rlusd-stablecoin-news">Ripple USD (RLUSD) stablecoin news</h2>
Meanwhile, as anticipation builds within the XRP community for Ripple's new stablecoin,&nbsp;<a href="https://u.today/ripple-prepares-for-stablecoin-launch-with-new-burns" rel="noopener noreferrer nofollow">RLUSD</a>, attention is turning to its branding and launch.&nbsp;
<blockquote>
 <a href="https://t.co/gYMvwdTiYR" rel="noopener noreferrer nofollow">pic.twitter.com/gYMvwdTiYR</a>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1839011084658946075?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 25, 2024</a>
</blockquote>
When questioned about whether the new stablecoin would feature a distinct logo or simply adopt the Ripple brand, Schwartz’s response, though cryptic, sparked intrigue.

Ripple CTO Drops Cryptic RLUSD Stablecoin Hint

Table of Contents

U_Today

Other articles published on Sep 26, 2024

What is SegWit? Mastering Bitcoin’s Transaction Efficiency Hack

Congressman Ro Khanna: ‘You Can’t Be Against Bitcoin or Crypto’

ZKsync Integrates Chainlink CCIP to Power Cross-Chain Token Transfers

VanEck Sees Solana Gaining Market Share with $330 Projection

Curve Finance Considers Removing TUSD from crvUSD Collateral Amid SEC Accusations

Don’t Miss Out: 100% Bonus and Fast-Moving Presale for Maximum Returns

Join our free newsletter for daily crypto updates!