Ripple vs SEC: ‘Victory,' or another chapter in the legal battle?
Some lawyers are doubtful on whether the latest court decision in the Ripple case should be referred to as a pure victory over the SEC.
Keep up with what's happening in the crypto world in real-time.
Some lawyers are doubtful on whether the latest court decision in the Ripple case should be referred to as a pure victory over the SEC.
Some lawyers question whether the latest court decision in the Ripple case should be regarded as a victory over the SEC.
The surge in XRP options activity is undoubtedly a bullish signal for the cryptocurrency.
David Schwartz, Ripple's CTO, clarified the purpose of the XRP Ledger's clawback feature, emphasizing its role in correcting ledger inaccuracies.
The crypto RLUSD has not yet received regulatory approval.
Bitcoin (BTC) slipped below $60,000 on Sunday, going below even the $59,000 price level as markets tumbled over the weekend. BTC hit an intra-day high of $61,970 before turning bearish and falling to a low of $58,395.
Although XRP has not managed to sustain the bullish momentum following the recent conclusion of the long-running courtroom battle between Ripple and the United States Securities and Exchange Commission (SEC), a newly released artificial intelligence (AI) assistant is fairly optimistic.
Traders have locked in over $2 million in XRP's $1.10 call option listed on Deribit, the highest across all available maturities.
Recent developments in the SEC vs. Ripple case could also influence XRP's price.
Some analysts expect an XRP price rally in the short term: check out their targets.
The ongoing selloff in the crypto market, driven by economic uncertainty and technical weakness, threatens significant liquidations for Bitcoin, Ethereum, and XRP. Crypto Market Loses $100 Billion The slow escalation of the crypto market selloff was driven by investor panic prompted by developments in the global economy, macroeconomic events, and technical weakness.
Ripple has begun beta testing its new stablecoin RLUSD on the XRP Ledger and Ethereum mainnet, aiming to enhance its cross-border payment solutions and compete in the growing stablecoin market
3-Year SEC vs Ripple Legal Saga Comes to an End – Ripple Wins Against All Odds: The 3-year-long lawsuit pitched by SEC against Ripple has finally ended, yet generating another major victory for Ripple. The judge authorized a fine on Ripple of $125 million rather than the $2 billion sought by the SEC.
In a recent discussion on Thinking Crypto podcast, Bitboy Crypto opened up about XRP's price potential, especially in light of the recent legal victory over the SEC. He started by comparing XRP's future to Bitcoin's rise to $150,000, saying that while Bitcoin could see a significant increase, XRP's growth could be even more interesting.
Crypto market selloff intensified gradually as global affairs, macroeconomic events, and technical weakness spurred panic among investors. The global crypto market lost more than $100 billion over the last 24 hours, with market cap falling to $2.05 trillion.
Ben Armstrong aka Bitboy Crypto shared his thoughts on Ripple's recent legal victory over the SEC, a case that had dragged on for years. The SEC walked away with a $125 million settlement, but Ripple and its cryptocurrency, XRP, emerged with the lion's share of the victory.
Ripple announced today that it has started the private beta testing of its new stablecoin, Ripple USD (RLUSD), on its own blockchain and Ethereum.
With a phenomenal price jump of almost 20%, Ripple's legal victory pumps the XRP price high to the $0.60 mark. As the sentiments are intact, the bulls maintain trend control, and the daily chart indicators give a BUY signal.
XRP price started a downside correction from the $0.6480 resistance. The price is now testing the $0.550 support and might eye a fresh increase.
Uncertainty looms over XRP as the SEC considers an appeal. Could Ripple's legal battles drive further price volatility?
Ripple's chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal.
Judge Analisa Torres issued a ruling in the ongoing Ripple-SEC lawsuit, ordering Ripple Labs to pay a $125 million fine. This amount is a fraction of the $2 billion the SEC had initially sought, marking a notable victory for Ripple.
The price of XRP has been gradually approaching the $0.60 level, which if it holds may indicate a more persistent uptrend. Even so there are indications that the uptrend may be waning despite the positive price movement.
Crypto market participants are paying attention to XRP. There has been a continuous bounce between trend lines, forming what analysts call a symmetrical triangle pattern.
