XRP Skyrockets 40% As Speculation Of Ripple-SEC Settlement Gains Momentum
XRP, at the center of a high-stakes legal battle with significant implications for the industry, has taken the lead in the recent surge in crypto prices amid growing speculation that Ripple, the blockchain payments company behind XRP, may be close to a settlement with US regulators. Ripple-SEC Legal Dispute Continues Over the past week, XRP has experienced a substantial rally of over 40%, reaching a current trading price of $0.6161. This marks the highest level XRP has reached since April, while the overall market has seen a more modest increase of around 12% during the same period. The....
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In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends According […]
Ripple extended its rally above the $0.8000 resistance zone against the US Dollar. XRP price even tested $0.9500 and it is now consolidating gains. Ripple started a strong surge above the $0.8000 and $0.9000 levels against the US dollar. The price is now trading nicely above $0.8000 and the 100 simple moving average (4-hours). There […]
A rumor claiming a potential settlement between Ripple and the US Securities and Exchange Commission (SEC) scheduled for a closed meeting on July 18 has been debunked by former SEC regional director and pro-XRP lawyer, Marc Fagel. According to Fagel, the likelihood of a settlement being discussed in this particular meeting is highly improbable, despite the community’s hopeful speculations. Ripple-SEC Settlement Is Highly Unlikely The rumor was initially fueled by Brett Hill, an ambassador for the cryptocurrency exchange Bitrue, who suggested via the social media platform X that the....
On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]
There have been rumours that the US Securities and Exchange Commission (SEC) and Ripple may be in negotiations to reach a settlement. A former SEC official has stepped in and provided insights on why that might not be the case. Former SEC Official Dismisses Rumors Of A Potential Ripple Settlement Former SEC lawyer Marc Fagel […]