Ripple Labs CEO: Unable to predict when judge will rule on SEC case
Golden Finance reported that when asked about possible settlement talks with the U.S. Securities and Exchange Commission in an interview on Wednesday, Brad Garlinghouse, CEO of Ripple Labs, said that I can't comment specifically on this. It can be said that the judge's ruling is very clear, and we look forward to a resolution soon, but it is impossible to predict when the judge will make a ruling. The U.S. Securities and Exchange Commission (SEC) website lists a "closed-door meeting" scheduled for July 18, and an SEC spokesman declined to comment. Zaheer Ebtikar, founder of the crypto fund Split Capital, said that investors and traders are waiting for a conclusion on the status of the XRP token. Everything about XRP is about regulation.
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Apple plans to raise 7 billions USD to repurchase stocks, returning to the US dollar bond market after a year and a half.
Apple raised approximately $7 billion through this bond issuance, which is divided into seven tranches with maturities ranging from two to ten years. The longest tranche was initially priced at a spread of 80 basis points over US Treasuries. The proceeds from the bonds will be used for general corporate purposes, including stock buybacks, dividend payments, and capital expenditures. Analysts pointed out that shareholder returns are a higher priority than AI capital expenditures in Apple's capital allocation.
