Ripple Labs
Coverage of Ripple Labs in the Nexus archive.
- Scott Wiener Opposes a California Billionaire Tax. So Do His Tech CEO Backers.
California state Sen. Scott Wiener opposes a pair of wealth taxes on the ballot, including a one-time statewide tax on California billionaires and a local San Francisco tax on the city's wealthiest businesses. Wiener's opposition is consistent with the priorities of his top donors, including crypto mogul Chris Larsen and venture capitalist Garry Tan. The taxes aim to help fill funding gaps in healthcare and social services.
- Kraken parent company applies for OCC charter in move toward banking
Kraken's parent company has applied for an OCC charter, a move towards banking, following similar approvals for other companies like Coinbase and Ripple Labs. The US banking regulator has already approved charter applications for several notable companies in the industry. This development suggests a growing trend of cryptocurrency and financial technology companies expanding into traditional banking.
- Crypto Critic Maxine Waters’s New Primary Foe Got Over Two-Thirds of Money From Crypto
Rep. Maxine Waters, a leading Democratic critic of cryptocurrency regulation, faces a primary challenge from Myla Rahman, whose campaign has received 69% of its donations from the crypto industry. Rahman's top donors include Ripple Labs CEO Brad Garlinghouse and Solana Policy Institute's Colin McLaren, reflecting crypto's push to counter Waters' potential leadership role in shaping regulatory policies.