Setting the record straight on SVB Qs:
Ripple had some exposure to SVB – it was a banking partner, and held some of our cash balance. Fortunately, we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners.
It’s only Tuesday, but shaping up to be a not-so-great week for the SEC (this ruling, Voyager, Grayscale)
Yesterday’s opinion from the Court on Ripple and the SEC’s proposed expert opinions – if you didn’t read all 57 pages, here’s the TLDR… 1/4
Anyone else see this quote “Do you know that MiCA doesn’t even cover Bitcoin?” and shake their head? Crypto-assets that have no identifiable issuer like Bitcoin are exempt from certain provisions under MiCA BUT https://twitter.com/POLITICOPro/status/1633224765979889665
SEC’s Gensler rejects crypto’s threat to move overseas http://ow.ly/pGiw104xEe4
