- Ripple Swell 2024 set for Oct 15-16 in Miami, featuring top fintech leaders.
- Ripple to launch US dollar-pegged stablecoin, RLUSD, on XRPL and Ethereum.
- Ripple secures legal victory, faces $125M SEC fine, significantly less than $2B sought.
Ripple CEO Brad Garlinghouse announced the Ripple Swell 2024 event, set for October 15-16 in Miami, Florida, featuring speakers from cryptocurrency, fintech, and payment industries.
Speaker Lineup and Event Details
Notable speakers include Sheila Bair, former chair of the Federal Deposit Insurance Corporation, Adrienne Harris, superintendent of the New York State Department of Financial Services, Francisco Marot from Banco Bilbao Vizcaya Argentaria (BBVA), Philip Martin from Coinbase, and Tim McCourt from the Chicago Mercantile Exchange (CME).
Garlinghouse expressed excitement about the event being among the biggest ever. These presenters are expected to bring out interesting insights concerning the world of International finance and technology in the present day.
Ripple’s recent legal triumph and latest advancements.
Following a significant victory against the SEC, Ripple plans to introduce a stablecoin, Ripple USD (RLUSD), tied to the US dollar’s value. This asset aims to simplify global transactions and boost liquidity for key trading pairs on specific exchanges. It will be accessible on the XRP Ledger and Ethereum platforms.
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Ripple’s legal disputes with the SEC continue, with RLUSD classified as an unregistered cryptocurrency. Despite a $125 million penalty, much lower than the original demand of $2 billion, Ripple’s Chief Legal Officer, Stuart Alderoty, views the ruling as a minor triumph. Although an SEC appeal is possible, the company sees the recent ruling as a positive outcome.
This forthcoming Ripple Swell event and ongoing legal developments will likely influence the cryptocurrency and financial technology sectors. As the event approaches, participants and observers anticipate further details and announcements that may shape the future trajectory of Ripple and its operations within the industry.
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