Ripple Secures Money Transmitter Licenses In New York And Texas As CEO Brad Garlinghouse Argues Against Strategic Bitcoin Reserve
Blockchain payments company Ripple Labs has secured money transmitter licenses in the US states of New York and Texas as CEO Brad Garlinghouse came out against a strategic Bitcoin reserve in the US. The company said in a Jan. 27 notice that regulators in both states approved the money transmitter licenses. Ripple Labs reportedly now holds over 50 such licenses across different jurisdictions, which enables the company to offer US customers a cross-border payment solution. Ripple CEO Says US Strategic Reserve Should Be Representative Of Crypto Industry Ripple’s announcement follows an X post by Garlinghouse that said the potential US strategic crypto reserve should be “representative of the industry.” Instead of focusing solely on a single token or coin, such as Bitcoin (BTC) or Ethereum (ETH), Garlinghouse says the Donald Trump administration should create a multi-crypto reserve. Some thoughts on maximalism… let me say this as clearly as I can – ...