XRP News: SEC May Drop Ripple Appeal Amid Leadership Shift, Speculation on XRP Fine Settlement

The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken another turn, with recent developments hinting at a potential shift in the agency’s stance. Here’s a closer look at what’s happening and what it means for the future of XRP.

SEC May Drop Ripple Appeal, Awaiting Leadership Shift

The SEC, now led by a 2-1 pro-crypto commission, may withdraw its appeal against Ripple but still fine the company $125 million. Legal expert Fred Rispoli suggests the case could shift once Paul Atkins becomes SEC Chair. market analyst Jeremy Hogan speculates Ripple might settle the fine using XRP instead of cash. Ripple’s legal struggle with the SEC continues to be a major point of contention in the cryptocurrency industry, despite the agency dropping lawsuits against other crypto firms.

Ripple Co-founder’s $150M XRP Heist Related to LastPass Hack

A $150 million theft targeting Ripple co-founder Chris Larsen has been traced back to a security lapse involving the password manager LastPass. According to a forfeiture complaint filed by U.S. law enforcement on March 6 and flagged by blockchain sleuth ZachXBT, Larsen’s private keys, used to access his token holdings, were stored in LastPass. The widely used password manager suffered a major breach in 2022, where hackers stole source code and technical data by compromising a developer’s account. They later used this access to infiltrate a cloud storage system, stealing encrypted customer password vaults and unencrypted metadata for an estimated 25 million users.

XRPL (XRP) Update 2.4.0 Unveiled: New Features & Security Fixes

XRPL version 2.4.0 introduces key amendments and security enhancements. A new subdomain has been added for a smooth transition to the new XRPL Foundation. The update includes bug fixes, improved validator security, and API refinements. Among the major highlights are amendments like DynamicNFT, PermissionedDomains, and DeepFreeze, which expand the network’s flexibility and security.

XRP Price Prediction For March 8

XRP has been a major player in the crypto world for years, connecting traditional finance with blockchain. With prices nearly 40% down from their all-time high, investors are considering buying XRP. The cryptocurrency is currently trading within a symmetrical triangle pattern, suggesting a potential 23% price movement. As of now, XRP is trading around $2.34, reflecting a 7.5% drop in the last 24 hours. If XRP breaks above the triangle, a significant price movement could be on the horizon.