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It seems to be the season for dropping crypto lawsuits. After 5 years of going after Ripple like a dog in heat, the Securities and Exchange Commission (SEC) has suddenly dropped their lawsuit against Ripple.
Following the U.S. Federal Reserve's FOMC meeting the crypto market demonstrates a new upward trend. Interest rate maintenance by the Fed resulted in increased pricing across most cryptocurrency markets.
XRP price has a strong underlying upside sentiment following the SEC's withdrawal of its case against Ripple Labs. But there's more to come.
The withdrawal of the US SEC's appeal against Ripple has marked a pivotal shift in the legal dynamics surrounding the cryptocurrency.
Ripple CEO Brad Garlinghouse announced ambitious plans for 2025, including a potential IPO for Ripple Labs and a flood of XRP ETF filings coming in H2.
A prominent Wall Street figure, Linda P. Jones, has sparked excitement in the cryptocurrency world by supporting the XRP Milkshake Theory.
The lawsuit's "bad stuff" is over, but it remains ongoing, one popular lawyer claimed.
The crypto exchange has voluntarily dismissed its case against the SEC, citing improvements in regulatory clarity.
Three different situations, of which only one is similar to Bitcoin.
The crypto markets were consolidating ahead of the FOMC but no sooner than the rates remained unchanged, the tokens gained strength. Moreover, the crypto space rejoiced when the Ripple CEO, Brad Gardlinghouse, announced the end of an ongoing lawsuit with the SEC.
Expectedly, XRP is the top performer today from the larger-cap alts.
XRP price surged 14% to $2.55 after the SEC dropped its appeal against Ripple, while whale accumulation and increasing network activity suggest growing market confidence.
Ripple's SEC victory sets a new precedent as Trump backs Bitcoin's national strategy. Will Bitcoin break $90K amid regulatory clarity? Read the full analysis. The post Ripple's $125M Appeal & Trump's Bitcoin Move: Will BTC Hit $90K Next? appeared first on Cryptonews.
Bitcoin and the broader crypto market suddenly gained momentum after the March 19 US Federal Open Market Committee meeting.
The SEC has decided to drop its lawsuit against Ripple Labs, marking a significant shift in the long-running legal battle.
XRP price bounced by more than 15% yesterday after CEO Brad Garlinghouse confirmed that the SEC will dismiss its appeal in the Ripple case. The end of this lawsuit has caused positive sentiment towards XRP, with traders anticipating rising adoption from banks and pro-crypto financial institutions like MicroStrategy.
The US Securities and Exchange Commission (SEC) has officially dropped its case and appeal against Ripple, a cryptocurrency company, after nearly four years of legal battles.
Ripple Labs-backed XRP led in the mild cryptocurrency rebound in the past 24 hours following the regulatory clarity from the U.S. SEC. The large-cap altcoin, with a fully diluted valuation of about $246 billion and a 24-hour average trading volume of about $10.5 billion, pumped over 7.
In the latest XRP news update, legal expert Bill Morgan highlighted the Ripple coin's rally amid CEO Brad Garlinghouse's crucial statement. The Ripple CEO recently stated that the US Securities and Exchange Commission (SEC) will drop its appeal in the Ripple Vs SEC case.
The recent price fluctuations of XRP have placed the asset at a complicated point. With the recent successful conclusion of the ongoing legal dispute between Ripple and the SEC, XRP now has no fundamental reasons that would hold it back.
In what some would consider an unexpected move, Brad Garlinghouse, CEO of digital asset firm Ripple Labs and majority holder of the XRP cryptocurrency, cleared the air about his position on bitcoin ( BTC). “I first bought bitcoin in 2012 coming out of an event when I was first introduced to it,” Garlinghouse explained.
Ripple CEO Brad Garlinghouse has confirmed the resolution of the lawsuit against the SEC on March 19.
XRP jumped as high as 12% before paring gains, as closely-related Ripple Labs ended its long-standing battle with the U.S. Securities and Exchange Commission (SEC), stating Wednesday that the case had “come to an end.”
The Federal Open Market Committee's (FOMC) decision to keep interest rates unchanged at its March 19 meeting has had a positive effect on crypto markets. Bitcoin (BTC) surged by 3% in the last 24 hours, while Ethereum (ETH) and XRP recorded gains of 3.9% and 7% in the same period, respectively.
