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Crypto

Former Ripple CTO says he accumulated lots of company stock early, holdings undisclosed

David Schwartz, Ripple\'s former chief technology officer, said he secured a significant amount of Ripple stock in the company’s early days. He made the remark on X after questions about the size of his retirement compensation following the disclosure of his XRP holdings. Schwartz did not disclose how much stock he owned, what price he paid or how much he still holds. Ripple’s valuation has risen in recent months.

Crypto

Former SEC chair Jay Clayton, who approved Ripple lawsuit, takes office as U.S. director of national intelligence

Jay Clayton (제이 클레이턴), former chairman of the U.S. Securities and Exchange Commission, has been formally sworn in as U.S. director of national intelligence, after winning Senate confirmation by 51 to 47. His appointment draws attention in the cryptocurrency industry because the SEC filed a lawsuit against Ripple Labs and its executives on his last day in office in December 2020. After leaving the SEC, Clayton joined advisory boards tied to digital asset investment and crypto infrastructure.

Crypto

Jay Clayton, known for launching XRP lawsuit, confirmed as U.S. director of national intelligence

Jay Clayton, a former U.S. Securities and Exchange Commission chairman known in the crypto industry for launching the SEC\'s XRP lawsuit against Ripple Labs, has been formally confirmed as director of national intelligence. The U.S. Senate approved his nomination 51-47. The vote followed a party-line pattern, with Republicans in support and Democrats opposed, and two senators not voting. Clayton faced criticism over limited intelligence experience but secured a majority.