In brief The GENIUS Act, now signed into law, gives stablecoin issuers like Ripple a clear regulatory path but is expected to have limited direct impact on XRP’s price. Ripple’s new stablecoin, RLUSD, positions the company to compete domestically with USDC and PayPal USD as a native U.S. liquidity provider. Legal ambiguity around XRP’s classification persists, with future clarity hinging …
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Read More »WILMINGTON, Del. (AP) — A settlement was announced Thursday in court in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and current and former company leaders over claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The suit had sought billions of dollars in reimbursement for fines and legal costs. No details on the …
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Mark Zuckerberg has agreed to settle a multibillion dollar lawsuit with a group of shareholders over how top executives at Meta handled repeated privacy violations by Facebook. The shareholders were seeking $8bn (£6bn) in damages. It is unclear how much they agreed to settle for. The settlement was announced on Thursday by a lawyer for the shareholders, just before the …
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Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child Sexual Exploitation Crisis,” in the Dirksen building on Jan. 31, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion …
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