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The United States Securities and Exchange Commission's multi-year enforcement action against Ripple is finally coming to an end, according to the company CEO.“This is it — the moment we've been waiting for.
Earlier reports said that the long-standing legal battle between Ripple and the agency is nearing its end.
Cryptocurrency exchange LMAX Digital has become the latest major cryptocurrency platform to list the Ripple USD (RLUSD) stablecoin, according to a Wednesday announcement.
"I'm finally able to announce that this case has ended. It's over," Garlinghouse said in a video shared on his X account.
In a landmark decision, the SEC has officially dropped its appeal and lawsuit against Ripple Labs, as announced by Ripple CEO Brad Garlinghouse.
XRP exploded above $2.5 immediately after the announcement.
After more than four years of legal battles, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple Labs (pending vote of the commission). The case, which was filed in December 2020, accused Ripple of conducting an unregistered securities offering by selling XRP, a digital asset created by the company.
As just became known, the SEC will drop its appeal against Ripple, the San Francisco-based company that leverages the XRP cryptocurrency in it operations. According to an announcement made by Ripple CEO Brad Garlinghouse on X, this is the moment the company have been waiting for, and the drop of the appeal is a resounding victory for Ripple, and for crypto.
In a massive development for the crypto industry, the US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Ripple. The firm's CEO, Brad Garlinghouse, made this revelation about the Ripple lawsuit, which has sparked a massive surge in the XRP price.
Ripple's legal victory may catalyze regulatory clarity and foster a more favorable environment for the crypto industry in the US. The post SEC is dropping Ripple lawsuit: CEO Brad Garlinghouse appeared first on Crypto Briefing.
Ripple's CEO – Brad Garlinghouse took to X earlier today to announce that the US
Michael Saylor is a name that is basically become synonymous with Bitcoin (BTC) advocacy and has never shied away from controversial visions, but his recent suggestion during the Crypto Summit that the United States should acquire between 5% and 25% of the total Bitcoin supply sparked a lot of debate in the crypto community and in traditional finance.
XRP's funding rates remain negative, signaling bearish market sentiment. If this trend persists, XRP's price may face further downside.
Here are the most important updates for Ripple from the past couple of days.
The cryptocurrency market remains volatile after weeks of consolidation. Bitcoin is hovering around $83k, while altcoins show mixed bullish and bearish trends.
The company behind the popular XRP token continues to expand its service offerings, will this impact the price?
XRP price consolidates around $2.30 as active addresses surge, with traders watching key $2 support level amid pending catalysts from the DC Blockchain Summit.
Chainlink (LINK) has been in the spotlight since the project's founder Sergey Nazarov attended the White House Crypto Summit and met with top US legislators. These meetings have heated speculation about whether US banks might adopt LINK instead of XRP.
As the XRP lawsuit nears its long-awaited conclusion, experts predict potential developments within the XRP ecosystem. Industry insiders and market enthusiasts provide diverse opinions and anticipations of the potential outcomes of the Ripple vs SEC case.
Can XRP price reach $10 and break past key resistance levels? What will happen to the crypto market after the FOMC meeting today?
The ongoing XRP price consolidation will likely end soon due to two catalysts – the recent spike in active addresses and the DC Blockchain Summit. Could these two events trigger a production of higher lows that push the token to bounce and tag the $3 psychological level?
XRP's resistance from the simple moving averages opposed its bullish efforts.
A cryptocurrency expert thinks that XRP might overtake Ethereum in market value in the next three months, which could threaten Ethereum's position as the second biggest cryptocurrency. This claim has triggered arguments in the cryptoverse, with some people doubting if Ethereum can stay in its No.
Ripple's XRP is currently trying to bounce back above important resistance levels. The altcoin has gained more than 1% in the last 24 hours and is now trying to climb above the $2.30 mark.
