2025-01-23 04:50:10 by coinpedia

Former Ripple director Sean McBride recently weighed in on the ongoing Ripple-SEC case, suggesting that a resolution could come soon. When asked if he thought the SEC would settle with Ripple soon, McBride responded on social media, stating that the case should either be dismissed or settled within the week. He explained that while there are nuances to both options, he believes a settlement is more likely than a dismissal. McBride shared his opinion that Ripple, as well as its executives brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the "Peanut Butter Manifesto," requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter. Details: Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups Experience: CEO at Ripplefrom from Jan 2017 - Present ·President and COO at Ripple logo from Apr 2015 - Dec 2016Board Member at Animoto from 2012 - Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 - 2016CEO at Hightail from May 2012 - Sep 2014 FAQs Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse's role at Ripple?Garlinghouse is in charge of Ripple's expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction. EntrepreneurInvestorChief Executive OfficerBoard Member and Chris Larsen Chris Larsen Chris Larsen is an American business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lender E-Loan. In September 2013, OpenCoin changed its name to Ripple Labs, Inc., with Larsen remaining CEO.  Details: Organization: RipplePayments Location: United States Education: Graduated from San Francisco State University with a degree in International Business and Accounting Skills: Development and Project Team Management Experience: Chief Executive Officer at Ripple from Sep 2012 - Present FAQ's 1. When was Ripple founded? In 2012, Larsen co-founded Ripple Labs. 2. What is the net worth of Chris Larsen? Chris Larsen's Net Worth Is Up $6 Billion       InvestorChief Executive Officer deserve compensation, and that a settlement would provide a more detailed resolution than a simple dismissal.Within the week the case SHOULD either be dismissed or settled. I know there are nuances involved with each option, which is why I think it will be settled vs. dismissed. IMO, Ripple, Brad, and Chris are all owed compensation. There should also be some confidentiality with…— Sean McBride (@seanmcbride16) January 23, 2025The former director went on to say that Ripple and its executives have “flipped the script” on the SEC, meaning they’ve turned the situation in their favor. He also speculated that if the case were dismissed, Ripple could countersue the SEC for damages. However, if the case is settled, he believes the details would likely be sorted out through private negotiations or “back channels,” possibly involving promises from the new administration.Legal Experts Weigh InMarc Fagel, a former SEC lawyer, reacted to McBride’s comments, explaining that a countersuit would likely not succeed, especially since the district court had already ruled that Ripple violated the law. He also pointed out that SEC settlements are always made public, so any “back-channel” resolution would be unlikely. Fagel concluded by saying that the case is not expected to be resolved within the week.Attorney Bill Morgan also opened up about a settlement and wrote,A settlement would have to deal with Ripple’s cross-appeal. The important point is that Judge Torres’ finding that XRP is not a security is not under challenge no matter what happens.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.