Uphold to Buy XRP on Open Market, Promises Not to Use Customer Funds for ODL (Ripple Payments)

U.S.-based trading platform Uphold disclosed plans to purchase XRP on the open market for its ODL (now Ripple Payments) transactions, with a promise to not leverage customer deposits. Uphold disclosed this in a recent reply to a customer’s inquiry following their partnership with Ripple. Recall that Uphold and Ripple inked a strategic partnership, as recently…

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Ripple CLO Reacts to Hester Peirce Criticism of SEC Enforcement Action Against LBRY

Ripple CLO Stuart Alderoty suggests that SEC commissioner Hester Peirce needs to speak out louder and sooner when injustice prevails in non-fraud cases.   Stuart Alderoty, the chief legal officer (CLO) at Ripple Labs, has reacted to a recent dissenting opinion issued by SEC commissioner Hester Peirce regarding the regulator’s enforcement actions against LBRY, a blockchain-based…

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