ChainCatcher News, Yoshitaka Kitao, CEO of the major Japanese financial services firm SBI Holdings, recently responded to a post celebrating XRP's rise to the sixth largest cryptocurrency by market capitalization on X, stating that once the SEC issues are resolved, Ripple should prepare for an IPO as soon as possible.SBI Holdings has been collaborating with Ripple since 2017 to promote innovations in cross-border payments. Kitao has been a key figure in the Ripple-SBI partnership, joining Ripple's board in April 2019. His long-term support for Ripple and XRP dates back to 2017 when he predicted XRP as the global standard for digital currencies, emphasizing its efficiency, low transaction costs, and scalability.However, Ripple CEO Brad Garlinghouse has previously downplayed the urgency of seeking an IPO. He emphasized the company's strong financial position and stated that Ripple currently does not need to raise funds through the public markets. Additionally, Garlinghouse pointed out that the regulatory environment in the U.S. is challenging, largely influenced by the ongoing disputes with the U.S. SEC, which have hindered IPO plans. Although Ripple has explored the prospects of an international IPO, such initiatives remain on hold.

ChainCatcher news, according to Cointelegraph, rumors have begun circulating on social media about Ripple Labs CEO Brad Garlinghouse's recent meeting with incoming President Trump, as the company and Garlinghouse face criticism from industry executives. In response to these rumors, former Messari CEO and founder Ryan Selkis commented, "Brad Garlinghouse is vigorously promoting the deployment of XRP and CBDCs." Riot Platforms Vice President of Research Pierre Rochard retweeted Selkis's comment.Rochard agreed with Selkis's view and wrote, "We cannot allow Ripple to influence U.S. policy-making with their anti-Bitcoin agenda," and expressed hope that Trump would appoint more Bitcoin supporters to his administration. It is rumored that Garlinghouse's meeting with Trump was one of the catalysts for the recent rise in XRP.When appearing on Fox Business recently, Garlinghouse neither confirmed nor denied the rumors of a meeting with Trump. However, he expressed confidence in the future of the crypto industry under Trump's administration. He also stated that he was not surprised by the positive reaction of the crypto market following Trump's victory on November 5. Garlinghouse pointed out that SEC Chairman Gary Gensler's hostility towards the industry is a major driving force suppressing U.S. crypto projects.

ChainCatcher news, according to Cointelegraph, Ripple Labs CEO Brad Garlinghouse stated, "The crypto industry has embraced Trump; Trump has also embraced the crypto industry. I think this is very sincere, and I believe he sees the opportunity, sees the innovation, sees the entrepreneurial spirit------I am very excited about the future."

ChainCatcher news, Ripple CEO Brad Garlinghouse posted on X congratulating Trump on winning the 2024 election and listed the priorities for the first 100 days of the Trump administration, calling for a reshaping of the U.S. SEC and clarifying cryptocurrency regulation, specifically including:Dismiss SEC Chairman Gary Gensler and appoint Giancarlo, Brooks, or Gallagher to replace him;Push the Senate to pass the Digital Asset Market Structure Act;Clarify whether ETH is a non-security like XRP and BTC.

ChainCatcher News, former U.S. federal prosecutor James K. Filan disclosed the latest developments in the U.S. SEC's lawsuit against Ripple on the X platform. The Second Circuit Court of Appeals has issued an order requiring the SEC's brief to be submitted by January 15, 2025. If the brief is not submitted by that date, the appeal will be dismissed as of January 15, 2025. Motions to extend the submission deadline or seek other relief will not count towards the submission date.

ChainCatcher news, according to Cryptonews, Ripple co-founder Chris Larsen stated in a recent CNBC interview that he believes Vice President Kamala Harris could be a key figure in correcting the Biden administration's mistakes in cryptocurrency policy. Larsen has recently donated $10 million worth of XRP to Harris's campaign, making him one of the largest political donors from the cryptocurrency industry in this election cycle.Larsen has harshly criticized current SEC Chairman Gary Gensler, calling him "the worst public servant in America." He pointed out that Gensler tends to favor enforcement actions over providing clear regulatory guidelines, leading to uncertainty in the industry. According to civic organizations, the cryptocurrency industry has invested over $119 million in political activities in an effort to influence regulatory decisions.

ChainCatcher news, lawyer Fred Rispoli stated that Ripple's appeal against the U.S. Securities and Exchange Commission (SEC) mainly relies on paperwork rather than new evidence or trials.He pointed out that both parties will submit three core documents, and oral arguments are expected to take place in September or October 2025, with preliminary opinions potentially affecting the outcome of the case. Rispoli also emphasized that amicus briefs will play an important role in this appeal, providing new perspectives.Additionally, he predicted that SEC Chairman Gary Gensler may resign, and new leadership will have a significant impact on cryptocurrency regulation. If Congress passes new legislation by the end of the year, Ripple's legal team will leverage this new law to influence the direction of the case.

ChainCatcher news, Ripple's Chief Technology Officer David Schwartz recently refuted the lawsuit against Character.AI on social media, pointing out that the lawsuit lacks legal basis and emphasizing that the company's actions are protected by the First Amendment of the United States.The lawsuit alleges that Character.AI's chatbot platform is poorly designed, posing safety risks, and claims that its products are "extremely dangerous." In response, Character.AI has taken steps to update its safety protocols, increase age restrictions, and enhance user monitoring features.Schwartz believes that legal challenges against expressive content are contrary to constitutional rights and compares this case to past moral panics regarding new media.

ChainCatcher news, according to Cointelegraph, Ripple Labs has submitted a Form C to the U.S. Court of Appeals for the Second Circuit, appealing a recent ruling by the U.S. Securities and Exchange Commission (SEC). Ripple's Chief Legal Officer Stuart Alderoty confirmed this in a post on October 25, adding that "the SEC cannot submit new evidence nor request Ripple to provide more evidence."This submission follows a ruling made in August by the U.S. District Court for the Southern District of New York, which imposed a $125 million fine on Ripple for its institutional XRP sales and determined that these sales constituted securities transactions.

ChainCatcher news, Turkey's Garanti BBVA Bank launched Garanti BBVA Digital Assets last year as part of its fintech subsidiary. The company launched its wallet in June and has now confirmed it is using a combination of Ripple Custody and IBM's technology.Garanti BBVA has updated the status of its digital asset products. Garanti BBVA Kripto CEO Korcan Abalı stated, "We have seen a clear demand and growing interest from customers in digital assets. To meet this demand, we established Garanti BBVA Digital Assets in 2023, currently providing services under the name Garanti BBVA Kripto for BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL."So far, it has 14,000 digital asset customers, serving a main bank of 12 million digital customers and 11.6 million mobile customers.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X platform that today, Ripple will submit its C form (civil appeal document), outlining its main appeals against the SEC's case in the Second Circuit Court. Given that we saw the SEC appeal nearly everything it lost at the district court level last week, Ripple expects to appeal only the one matter it lost: the district court's ruling that the XRP tokens sold by the company constitute the sale of unregistered securities.Last week in Miami, when I interviewed Brad Garlinghouse (Ripple CEO) and Stuart Alderoty (Ripple Chief Legal Officer), they emphasized their strong confidence in Ripple's victory in the Second Circuit Court. Alderoty stated, "I feel very good about our case at the district level. And for a variety of reasons, I feel even better about our case in the Second Circuit. The Second Circuit traditionally does not favor the SEC. They also do not like overregulation. Statistically, if they lose, the likelihood of the Second Circuit overturning the original ruling is about 10% or lower. So, I feel, as a litigator, I am a bit superstitious; I don’t like to predict outcomes, and certainly won’t guarantee them, but I feel very good about the outcome in the Second Circuit. I believe they will not only support Judge Torres, but I think they will go even further. I believe they will strengthen her ruling. At that point, the SEC will once again find itself in a losing position, and whether to appeal this case to the Supreme Court will be up to them."When I asked Garlinghouse about the possibility of the case being appealed all the way to the Supreme Court, he told me, "I am very confident we will win the appeal, which will really deliver a fatal blow to Gary Gensler's entire cryptocurrency regulatory agenda." He added, "Honestly, I am not worried about it at all. I am confident because I believe we stand on the side of legal justice. I think we stand on the right side of history."

ChainCatcher news, Ripple Labs CEO Brad Garlinghouse admitted that his company should have engaged with U.S. regulators earlier. Now, after becoming the recipient of enforcement actions, the company and the cryptocurrency industry are striving to catch up.Brad Garlinghouse stated at the Washington Fintech Week event, "I have been to Washington much more in the past few years than in previous years. Looking back, I regret that. I think it was a mistake not to act sooner, and we are working hard to make up for lost time."Ripple is one of the U.S. cryptocurrency companies recently embroiled in legal disputes with the U.S. Securities and Exchange Commission, with many U.S. cryptocurrency executives claiming that the regulator is hostile and unfair to the industry.Previous news, Citigroup has terminated banking services for Ripple's CEO.

ChainCatcher news, Ripple CEO Brad Garlinghouse stated on Wednesday that his long-standing banking relationship has been terminated due to his status as a prominent figure in the cryptocurrency space.Brad Garlinghouse said, "Individuals in the crypto industry are being terminated from banking services, and I have also been terminated from banking services. They told me I had five days to move my money. They said that being a well-known figure in the cryptocurrency space and providing banking services to the cryptocurrency industry means facing more scrutiny from federal regulators."Garlinghouse linked his experience to a broader trend in the U.S. industry, which has been struggling to maintain relationships with banks as regulators have warned financial institutions to limit their involvement in cryptocurrencies. The institution that recently severed ties with him is Citigroup, where he had been a client for about 25 years. He also mentioned that this is not the only personal banking relationship he has lost due to his role in the cryptocurrency space.

ChainCatcher News, the U.S. Second Circuit Court of Appeals issued a notice of default to Ripple's legal team earlier today, citing that Ripple missed the deadline for submitting the confirmation and notice of appearance related to the SEC lawsuit, which is due on October 18, 2024.The court has granted Ripple a 14-day extension, allowing the team to submit the required documents by November 1, 2024. If Ripple's lawyers fail to complete the submission by this new deadline, they may be prohibited from presenting their arguments at the upcoming appeal hearing without special permission from the court.

ChainCatcher news, according to Decrypt, Ripple co-founder and executive chairman Chris Larsen stated on Monday that he has donated an additional $10 million in XRP to support Vice President Harris's campaign for the presidency of the United States.The New York Times reported on Sunday that, amid a record fundraising quarter for Harris's campaign team and related organizations, Larsen donated $10 million to the prominent Democratic political action committee Future Forward. Larsen confirmed this report on Twitter, noting that the donation was made in the form of XRP.Larsen wrote, "It's time for the Democrats to take a new approach to technology innovations, including cryptocurrency," and added that he is confident Harris will "ensure that American technology dominates the world."

ChainCatcher news, according to CNBC, the latest election data shows that with only two weeks left until the election, political donations from the cryptocurrency industry are primarily directed towards Vice President Kamala Harris and several competitive House districts. Ripple co-founder and chairman Chris Larsen has donated over $11.8 million to political action committees (PACs) supporting Harris's campaign, making him one of the largest individual donors from the crypto industry in this election cycle.In September, Larsen donated $9.9 million to Future Forward PAC, while also contributing over $800,000 to the Harris Victory Fund. Including a $1 million donation of XRP tokens in August, Larsen's total contributions to Harris's campaign have exceeded $11.8 million. Larsen stated that his support for Harris stems from his communication with the campaign team and Harris's performance since she took over as the candidate from Biden in July.

ChainCatcher news, according to Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty recently stated when the SEC officially appealed the Ripple case in the U.S. that the ruling confirming that XRP is not a security for retail sales remains unchanged.He wrote on X: "This is not surprising at all------ once again, everything is clear. The court's ruling that 'XRP is not a security' has not been appealed. This decision is the law of the land." In the appeal, the SEC questioned several key rulings, including the decision that Ripple executives Brad Garlinghouse and Chris Larsen's non-cash distribution and sale of XRP did not violate securities laws.Ripple plans to submit its Form C next week as a cross-appeal against the institutional sales ruling. Both parties are preparing to extend the appeal process, which could impact the classification and regulation of digital assets in the future.