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.

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


SEC’s Gensler rejects crypto’s threat to move overseas

Some thoughts from last week’s DC visit – I’m stating the obvious but the crypto industry at large in the US needs to rebuild trust through both utility and transparency (due to FTX, Terra and more). It’s the only way we collectively move forward.

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