XRP News: SEC Drops Ripple Case, Bringing Potential Market Entry for XRP in the US
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In a major development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has officially ended its lengthy legal battle with Ripple Labs Inc. This marks a significant milestone in the Ripple case over the sale of XRP and brings the company closer to potentially entering the U.S. digital asset markets with its cryptocurrency.
SEC Drops Ripple Case
The U.S. Securities and Exchange Commission (SEC) has officially ended its years-long legal battle with Ripple Labs Inc., marking a significant development in the Ripple case over the sale of XRP. On March 19, Ripple CEO Brad Garlinghouse announced that the SEC has decided to drop its appeal in the case against the company, bringing the legal battle closer to an end. Garlinghouse celebrated this as a resounding victory for Ripple and crypto.
Ripple’s XRP Might Enter US Digital Asset Stockpile; SEC Drops Lawsuit
After 5 years of legal battle, the Securities and Exchange Commission (SEC) has dropped their lawsuit against Ripple. This development has sparked speculation that XRP might enter the US Digital Asset Stockpile. crypto exchange Bitnomial has also dropped their lawsuit against the SEC. The possibility of XRP joining other altcoins like Solana in the stockpile is seen as a bullish sign for crypto projects, including new crypto like Best Wallet Token. Bitnomial plans to launch the first ever regulated XRP futures.
Ripple CEO Talks XRP’s Future: US Strategic Reserve, IPO And Spot ETFs
In an interview with Bloomberg, Ripple CEO Brad Garlinghouse discussed the conclusion of Ripple’s lawsuit with the US Securities and Exchange Commission (SEC), stating that the legal battle, originally launched in December 2020, has effectively ended. The SEC agreed to drop its appeal against the earlier court decision ruling that XRP in and of itself was not a security. Garlinghouse also touched on the company’s strategic outlook, including a potential IPO and the possibility of XRP playing a role in the new US Crypto Stockpile.
Ripple’s SEC Case Dropped, XRP Surges
Ripple’s CEO Brad Garlinghouse confirmed that the US Securities and Exchange Commission (SEC) had dropped its case against Ripple. This prompted the price of XRP to rise notably within 24 hours, from a low of $2.28 to a high of $2.57, marking a 6.68% increase. At the time of writing, XRP was trading at $2.45 after a slight correction.
