News Formal

Ripple pulls back from Fortress acquisition 20 days after announcement

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Ripple has canceled its acquisition of Fortress Trust, said Ripple’s CEO, Brad Garlinghouse.

In comments to Cointelegraph, Purcell said the merger’s cancelation “is not a big deal.” According to him, the change in plans is unrelated to the security incident. “They are an investor in Fortress and a great partner. Nothing changes there,” he noted.

As Ripple continues its high-profile legal battle with the United States Securities and Exchange Commission, the deal failure could benefit other companies linked to Fortress.to create a Bitcoin-only trust company in the U.S., which is pending regulatory approval. Fortress Trust provides custody of records for Swan. As the deal collapsed, Swan will no longer be involved in Ripple’s business in the country.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Ripple Pulls Plug on Proposed Fortress Trust Acquisition DealRipple, without giving an explanation for the cancellation of the planned Fortress Trust acquisition, noted that the outcome was different from the initial plan.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »