Company Directory - Ripple Labs Inc.
Company Details - Ripple Labs Inc.
Ripple Labs Inc.
WebsiteSan Francisco, United States
Ripple is an American technology company that provides a real-time gross settlement system, currency exchange, and remittance network. The company’s innovative payment protocol is designed to enable secure, instant, and nearly free global transactions using its native digital asset, XRP.
CCI Score
CCI Score: Ripple Labs Inc.
-26.34
0.01%
Latest Event
Ripple Lobbying Ties Highlight Revolving Door in Politics
An OpenSecrets report reveals that a significant portion of Ripple's lobbyists have previously held government positions, raising concerns about undue corporate influence and the potential erosion of democratic accountability. The revolving door phenomenon, as noted in the report, underscores broader issues of transparency in political contributions and lobbying efforts.
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ACCOMPLICE
Ripple Labs Inc. is currently rated as an Accomplice.
Latest Events
- FEB062025
An OpenSecrets report reveals that a significant portion of Ripple's lobbyists have previously held government positions, raising concerns about undue corporate influence and the potential erosion of democratic accountability. The revolving door phenomenon, as noted in the report, underscores broader issues of transparency in political contributions and lobbying efforts.
-60
Political Contributions and Lobbying Efforts
March 22
The OpenSecrets profile indicates that Ripple is heavily involved in lobbying activities. The data showing that a considerable number of Ripple lobbyists have previously held government positions suggests a problematic revolving door dynamic, which may facilitate undue influence on policy and democratic processes. This raises red flags regarding the company's political contributions and lobbying efforts, contributing negatively to its complicity index.
-50
Executive Political Engagement
March 22
The report highlights that many of Ripple's lobbyists come from previous government roles, pointing to significant executive political engagement that blurs the lines between public service and corporate interests. This overlap raises concerns about regulatory capture and the potential manipulation of policy in favor of corporate power, thereby undermining democratic accountability.
- JAN242025
Ripple Labs Inc. faced criticism for actively lobbying against SBR, an action interpreted as an attempt to influence regulatory frameworks and undermine democratic processes. Such corporate political engagement raises concerns about the company’s commitment to transparency and ethical political conduct, potentially contributing to authoritarian practices.
-50
Political Contributions and Lobbying Efforts
March 22
Ripple Labs’ engagement in lobbying against SBR has drawn sharp criticism. Such actions are seen as an attempt by the company to influence policy in a manner that may undermine regulatory measures designed to protect public interest. From an anti-fascist perspective, this active political interference raises serious concerns about corporate complicity in fostering authoritarian practices.
- NOV052024
Following Trump's electoral win and subsequent policy shifts that led to the end of SEC enforcement against Ripple Labs, XRP experienced an explosive surge. This event highlights how regulatory realignments under an authoritarian political context created favorable conditions for the company, raising concerns about its indirect complicity in bolstering such regimes.
- OCT212024
Ripple co-founder Chris Larsen made a significant political contribution, donating more than $11.8 million to PACs supporting the Harris campaign. This donation reflects an active commitment to bolstering democratic processes and represents positive executive political engagement countering authoritarian tendencies.
+90
Political Contributions and Lobbying Efforts
March 22
The major political donation from Ripple's co-founder to PACs supporting the Harris campaign signals strong support for progressive and democratic values. This contribution, aimed at reinforcing a candidate who advocates for empowering workers and innovation, diminishes any alignment with authoritarian practices.
Billionaire Ripple founder has given more than $11.8 million to Harris campaign
+85
Executive Political Engagement
March 22
Chris Larsen’s active involvement as a corporate leader in political fundraising and endorsements shows a robust level of executive political engagement. His public support for a candidate with policies that empower workers and challenge conservative establishment norms is a positive move in the context of resisting authoritarian tendencies.
Billionaire Ripple founder has given more than $11.8 million to Harris campaign
- AUG172023
The SEC ruling against Ripple Labs for its unregistered institutional XRP sales has exposed questionable business practices and a potential disregard for investor protections. The legal battle underscores broader concerns about corporate accountability and regulatory transparency.
-20
Public and Political Behavior
March 22
Ripple Labs’ involvement in an ongoing legal dispute with the SEC highlights tensions regarding corporate transparency and accountability. Their approach in handling the securities offering, and subsequent appeals, raises concerns about a disregard for investor protection and public trust, potentially undermining democratic regulatory processes.
-50
Business Practices and Ethical Responsibility
March 22
The SEC ruling confirmed allegations that Ripple Labs engaged in unregistered securities offerings during its institutional XRP sales. This violation of securities law reflects significant lapses in ethical business practices and transparency, undermining investor protection and contributing to market instability.
- DEC222020
The SEC charged Ripple Labs Inc. and its top executives with raising over $1.3 billion through an unregistered digital asset securities offering. This event casts serious doubt on the company's adherence to ethical business practices, undermining established investor protections and regulatory frameworks essential in countering authoritarian abuses.
-60
Business Practices and Ethical Responsibility
March 22
Ripple Labs' involvement in raising over $1.3 billion through an unregistered securities offering demonstrates a flagrant disregard for regulatory compliance and ethical business practices. This violation not only undermines investor protections but also weakens the integrity of the regulatory system that helps prevent abuses of power. While not directly a political act, such unethical financial conduct erodes public trust and can indirectly contribute to a broader culture where institutional checks on power are weakened—an outcome that resonates with authoritarian practices.
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering
- DEC222020
On December 22, 2020, the SEC filed an action against Ripple Labs Inc. and two of its executives alleging that the company raised over $1.3 billion through an unregistered digital asset securities offering. This violation not only undermines investor protections but also compromises the regulatory safeguards essential to a fair and transparent market.
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