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Ripple CEO Says Companies Blaming AI For Layoffs Were Already ‘Bloated’ As His Own Firm's Revenue Set To More Than Double
Garlinghouse also suggested that corporate treasurers may not give AI agents free access to major firm accounts without sufficient safeguards and accountability.
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Ripple CEO Says Companies Blaming AI For Layoffs Were Already ‘Bloated’ As His Own Firm's Revenue Set To More Than Double
Garlinghouse also suggested that corporate treasurers may not give AI agents free access to major firm accounts without sufficient safeguards and accountability.
Stocktwits
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As XRP increased from 10 cents per token over the cycles, the former Ripple CTO said he would hold more XRP if not for his Ripple stake, but he chose to walk away from the crypto bet.
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Santiment data showed on Monday that XRP sentiment turned sharply negative, marking one of the highest negative levels in the past two years.
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Overall, the alignment of the price structure and on-chain behavior indicates that XRP is still operating in a distribution-driven market.
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Garlinghouse also noted that key structural difficulties under the Clarity Act still remain.
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SEC Commissioner Hester Pierce previously deemed the Howey Test inadequate for determining whether a crypto token is a security.
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XRP rose about 6.3% over the past 24 hours, outperforming Bitcoin, which gained roughly 3.1%.
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Crypto traders are not retreating amid volatility, instead diversifying holdings as US XRP ETF saw $1.23 billion while US Solana ETF saw around $889.49 million in cumulative total net inflows as of Friday.
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In comparison, Bitcoin, Ethereum, and Solana Spot ETFs have posted outflows on multiple days over the past month amid a volatile crypto market.
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Canary Capital Group LLC (Canary Capital), a digital assetfocused investment firm, announced that its assets under management (AUM) in Canary XRP ETF (Nasdaq: XRPC) is greater than all other...
Business Wire

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