The post XRP relisted, Ripple CEO optimistic about the Lawsuit…BUY XRP in 2024? appeared on BitcoinEthereumNews.com.

XRP prices crashed heavily and lost traction when the SEC lawsuit was first announced back in December 2020. Most XRP hodlers feared the worst as the token got delisted from several big exchanges including Coinbase. However, there is today renewed optimism around Ripple in 2024. Is XRP a good investment in 2024? Will XRP price go up in 2023 and the SEC lawsuit gets resolved? Here’s what we know so far. Why Ripple has a lawsuit with the SEC? The United States Securities and Exchange Commission (SEC) sued Ripple Labs, Inc. in December 2020, saying that the business had sold unregistered securities in the form of XRP, a digital currency that Ripple developed and disseminated. According to the SEC’s lawsuit, Ripple and its two co-founders, Christian Larsen and Brad Garlinghouse, raised more than $1.3 billion by selling XRP to retail investors without legally necessary registration as a security with the SEC. XRP Relisted on Bitmart: Good News? Trading activity for XRP on Bitmart, a significant cryptocurrency exchange, has already reached and beyond $600,000 just hours after it was reinstated. Bitmart reinstated XRP trading after delisting it in the summer of 2021 due to the legal dispute between Ripple and the SEC. Such trade volumes on Bitmart immediately place the exchange in the top 20 of all centralized cryptocurrency platforms for XRP trading. There is only one trading pair, though, and it is currently against USDT. Will Ripple win over the SEC? Ripple has pledged to contest the action in court and has refuted the claims made in the SEC’s complaint. The matter is still pending, and it’s unclear how it will be handled just yet. However, Brad Garlinghouse often stated that he believes Ripple will prevail in the legal battle. Today is the first day of the 118th Congress. While…

---

Filed under: News - @ September 22, 2024 10:19 am