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Also Read: US SEC Replaces Introductory Disclaimer; Another Win For Ripple? advertisement XRP Marking A Global Presence? HSBC, one of the world’s largest banks issued a report on Distributed Ledger Technology (DLT) in the Captial Markets. It highlighted the game changers and future trends in Securities Services. In the report, the bank cited how Ripple ’s XRP Ledger is solving the problem of real-time cross-border settlements. (XRP Ledger (XRPL) is Ripple’s DLT which utilizes its native token to make fast and secure cross border transactions.) However, HSBC mentioned that its foreign exchange tool has handled more than 3 million inter company transactions in the first 6 years. These transactions are worth around $250 billion. HSBC reportedly holds around $3 trillion of assets under management. XRPL receiving a mention by such a big banking institution suggests the global adoption of Ripple ’s technology. Read More XRP News Here… ...

Also Read: Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand? advertisement LBRY Seeks Clarity On Secondary Sales? As per the filings, LBRY submitted its Supplemental Brief in support of its motion to restrict the US SEC’s remedies. It mentioned that the firm is in pursuit of gaining clarity around the LBRY tokens (LBC) use in the market. This includes the clarity that LBC is not a security. Meanwhile, the commission has refused to provide such clarity and now looks at a broad based injunction which is not even clear. The LBRY asked the court to provide clarity for the market. SEC led enforcement has driven LBRY into insolvency. Coingape reported that the commission on record admitted that the sale of LBRY Credits (LBC) tokens in the secondary market is not a security. This settlement came on January 30, 2023. Read More Ripple Lawsuit News Here… Recommended Articles ...