Ripple CEO on Bloomberg: SEC Settlement Close, XRP Not a Security – Price Prediction
The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) began on December 22, 2020.
The SEC accused Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen of raising over $1.3 billion through an unregistered securities offering via the sale of XRP cryptocurrency.
This case has been crucial for cryptocurrency regulation, significantly impacting investor confidence.
Recently, Ripple CEO Brad Garlinghouse expressed optimism about a resolution during a Bloomberg interview, boosting interest in XRP.
This article delves into the latest developments and provides an XRP price prediction amid these unfolding events.
In a recent Bloomberg interview, Ripple Labs CEO Brad Garlinghouse expressed optimism about an impending resolution, although a definitive timeline remains elusive. “The judge’s ruling has been clear,” Garlinghouse stated, hinting at a positive outcome for Ripple and the broader crypto sector.
This legal saga has stirred significant interest, especially with an SEC “closed meeting” scheduled for July 18, fueling speculation about a near resolution.
Ripple’s proactive stance includes a significant political maneuver—donating $1 million to a super PAC opposing crypto-skeptic Senator Elizabeth Warren. This move underscores the growing trend of crypto companies seeking to sway regulatory frameworks through political channels.
Amidst these developments, XRP is the sixth-largest cryptocurrency, boasting a market cap of roughly $34 billion. This compares to Bitcoin’s dominant $1.3 trillion valuation, which represents about 50% of the total crypto market.
As Ripple navigates through these legal and regulatory hurdles, its actions and the eventual outcomes will likely have
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