Is Ripple Leaving US? CEO Backpedals On Threats After Biden Win

KEY POINTS

  • Ripple CEO Brad Garlinghouse said the company will wait and see before making a decision to leave
  • Earlier, the company threatened to leave the U.S. due to a lack of clarity about XRP tokens
  • Ripple used to position itself as one of the most regulatory compliant in the industry

After threatening to leave the U.S. amid concerns of regulatory uncertainty around XRP crypto tokens, Ripple has now decided to adopt a “wait and see” approach, especially after the election of Joe Biden as president.

Speaking to CNN, Brad Garlinghouse, CEO of Ripple, said the company has not put a strict timeline on when the company will make a decision to relocate. “I think I am waiting to see what dynamics change, associated with the Biden administration beginning their term in office, and I am optimistic that will actually improve where things sit for the XRP community broadly,” 

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Facebook urges Biden to restore global internet

Joe Biden should tackle the splintering of the global internet as one of his top tech priorities when he becomes president, Facebook’s head of global affairs has told Web Summit.

The Chinese internet operated on “a completely different set of values” to Silicon Valley’s “seamless and open” approach, Nick Clegg said.

He also berated the European Union for its “zealous focus” on regulation.

But he did not address the spread of misinformation on the platform.

“The global internet doesn’t exist,” Mr Clegg said in a conversation with John Micklethwait, Bloomberg’s editor-in-chief, at the Web Summit conference, which this year is online-only.



a close up of a flag: The US and China have clashed repeatedly in recent months, over trade, coronavirus and Hong Kong


© Getty Images
The US and China have clashed repeatedly in recent months, over trade, coronavirus and Hong Kong

“There are two paradigms struggling for supremacy,” he said – with Turkey, Vietnam, Russia and Pakistan all attempting to emulate China’s “censored” version.

This fight for the future of the

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Biden advisor Bruce Reed hints that Section 230 needs reform

U.S. Vice President Joseph Biden arrives for a meeting with his Chief of Staff Bruce Reed (L) June 22, 2011 on Capitol Hill in Washington, DC.

Win McNamee | Getty Images

A law protecting the tech industry from being held liable for their users’ posts is on shaky ground as President-elect Joe Biden prepares to come into office.

Bruce Reed, a top tech advisor to Biden, said at a virtual book launch hosted by Georgetown Law Wednesday that “it’s long past time to hold the social media companies accountable for what’s published on their platforms.”

Reed, who was chief of staff to Biden during his time as vice president, has advocated for tech reform in his years outside government. He worked as a senior advisor for Jim Steyer’s non-profit Common Sense Media, which advocates for digital media issues impacting children, including content moderation reforms.

Common Sense Media has pushed for

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Opinion | What Biden needs to do to regulate the Internet both at home and worldwide

There is ample room for regulating the online realm domestically, though doing so may first require cooperating with a divided Congress. Reinstalling some form of the net neutrality regulations rolled back by the current Federal Communications Commission promises to prove controversial; expanding broadband access to low-income and rural households, on the other hand, should appeal to legislators mid-pandemic regardless of party. Just as high on the agenda ought to be forging a federal privacy framework at long last: A stalled-out effort in both legislative chambers could benefit from a jolt of jump-starting executive leadership. And then there’s the matter of reforming Section 230 of the Communications Decency Act, which shields websites from lawsuits for hosting illegal content.

These last two issues are obviously significant to American companies and civilians alike: What information can social media sites hoover up to serve targeted advertisements, and what should be off-limits? What forms of

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For Big Tech, Biden brings a new era but no ease in scrutiny

FILE - In this Tuesday, June 16, 2020 file photo, the sun is reflected on Apple's Fifth Avenue store in New York. In the years since Barack Obama and Joe Biden left the White House, the tech industry's political fortunes have flipped. Facebook, Google, Amazon and Apple have come under scrutiny from Congress, federal regulators, state attorneys general and European authorities.

FILE – In this Tuesday, June 16, 2020 file photo, the sun is reflected on Apple’s Fifth Avenue store in New York. In the years since Barack Obama and Joe Biden left the White House, the tech industry’s political fortunes have flipped. Facebook, Google, Amazon and Apple have come under scrutiny from Congress, federal regulators, state attorneys general and European authorities.

AP

The Obama-Biden administration was a charmed era for America’s tech companies — a moment when they were lionized as innovators, hailed as job creators and largely left alone.

Now Joe Biden is coming back, this time as president. But times have changed. The halcyon days of an adoring Washington are unlikely to return when Biden takes the oath of office in January, with mounting legislative and regulatory challenges to the industry — including stronger enforcement of antitrust laws — nearly certain to outlast the tenure

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Computer repairman at center of Hunter Biden laptop scandal closes shop

The computer repair store at the center of a scandal involving a laptop allegedly belonging to Hunter Biden that contained “smoking-gun” emails about the Biden family’s foreign dealings has closed.



Hunter Biden wearing a suit and tie


© Provided by Washington Examiner


A neighbor said the owner skipped town, according to the Delaware News Journal. The outlet also reported that 10 days after the election, a sign appeared on the store’s door to say the shop had closed.

Weeks ahead of the 2020 presidential election, the New York Post published a series of stories based on emails and other data recovered from a laptop and hard drive that allegedly belonged to Hunter Biden that critics say raise concerns about foreign business dealings that present possible corruption and national security issues for him and his father, now President-Elect Joe Biden.

The “smoking-gun email” report claimed that the elder Biden met with an executive at the Ukrainian

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Computer repairman in Hunter Biden laptop saga closes up shop

CLOSE

Joe Biden said “not one single, solitary thing was out of line” with his and his son Hunter Biden’s dealings with Ukraine.

USA TODAY

Weeks before the Nov. 3 presidential election, the world’s political intrigue turned to a Wilmington computer repair shop after the New York Post revealed that its owner gave a copy of a laptop hard drive he believed belonged to Hunter Biden to a lawyer representing Rudy Giuliani.

Ten days after the election, a sign on the repair shop’s door said it had closed. A neighbor said the owner had left town.

A slew of new information has surfaced in the weeks since, including details about the laptop’s journey from the repair shop to Giuliani’s office.

Yet with fears of fake news flooding the nation’s consciousness and Giuliani’s resistance to share the source material, it remains unclear whether the emails purportedly found on the hard drive

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Computer repairman vanishes and Hunter Biden laptop saga gets stranger

CLOSE

Joe Biden said “not one single, solitary thing was out of line” with his and his son Hunter Biden’s dealings with Ukraine.

USA TODAY

Weeks before the Nov. 3 presidential election, the world’s political intrigue turned to a Wilmington computer repair shop after the New York Post revealed that its owner gave a copy of a laptop hard drive he believed belonged to Hunter Biden to a lawyer representing Rudy Giuliani.

Ten days after the election, a sign on the repair shop’s door said it had closed. A neighbor said the owner had left town.

A slew of new information has surfaced in the weeks since, including details about the laptop’s journey from the repair shop to Giuliani’s office.

Yet with fears of fake news flooding the nation’s consciousness and Giuliani’s resistance to share the source material, it remains unclear whether the emails purportedly found on the hard drive

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Facebook plans to woo Biden with vaccine, climate change features: FT

  • Facebook is building a strategy to help get on President-elect Joe Biden’s good side, company sources told the Financial Times.
  • Facebook is reportedly planning to crack down harder on COVID-19 misinformation, and is considering adding an information banner to its site encouraging users to get vaccinated.
  • Facebook is also reportedly looking at ways to encourage users to engage with content about the Paris Climate Agreement, which Biden has pledged to rejoin. The US left the agreement in November.
  • Facebook plans to make Nick Clegg its main point of contact with Washington, the FT reported. Clegg was deputy prime minister in Britain during Biden’s term as vice-president.
  • Visit Business Insider’s homepage for more stories.

Facebook is gearing up to woo President-elect Joe Biden by promoting vaccine and climate change information, according to a report from the Financial Times.

Citing anonymous company “insiders,” the FT reports Facebook is planning to crack down

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Top Biden adviser seen as making tech regulation more likely

SAN FRANCISCO (Reuters) – President-elect Joe Biden’s top technology adviser helped craft California’s landmark online privacy law and recently condemned a controversial federal statute that protects internet companies from liability, indicators of how the Biden administration may come down on two key tech policy issues.

Bruce Reed, a former Biden chief of staff who is expected to take a major role in the new administration, helped negotiate with the tech industry and legislators on behalf of backers of a ballot initiative that led to the 2018 California Consumer Privacy Act. Privacy advocates see that law as a possible model for a national law.

Reed also co-authored a chapter in a book published last month denouncing the federal law known as Section 230, which makes it impossible to sue internet companies over the content of user postings. Both Republicans and Democrats have called for reforming or abolishing 230, which critics say

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