XRP News Today: SEC vs Ripple (XRP) – Will the Agency Appeal While Ripple Pumps?
The post XRP News Today: SEC vs Ripple (XRP) – Will the Agency Appeal While Ripple Pumps? appeared on BitcoinEthereumNews.com.
Everyone knows about the famous SEC versus Ripple ongoing legal battle – making it one of the most watched cases in the crypto world. The ongoing developments in the case have left many wondering if the SEC is actually going to appeal the ruling and what this could mean for the wider market. On the other hand, PlutoChain might be interesting to watch because it could expand Bitcoin’s use case by adding smart contracts to its network. PlutoChain offers a variety of useful features such as Ethereum Virtual Machine compatibility and on top of it, PlutoChain has demonstrated its ability by processing over 43,200 daily transactions. Let’s break it down. Ripple vs SEC – Will SEC Appeal the Court Ruling While XRP Trades in the Green? The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has significantly impacted the cryptocurrency market, particularly the price of XRP. Recently, XRP experienced a notable surge, reaching an all-time high of $3.02 on January 15, 2025, driven by investor optimism surrounding the ongoing legal battle between Ripple Labs Inc., the developer of XRP, and the SEC. In July 2023, a federal judge ruled that XRP is not a security when sold to the general public on digital-asset exchanges, though it did consider sales to institutional investors as unregistered securities transactions. The SEC has since appealed this decision, seeking to overturn the ruling and classify all XRP sales as securities. The SEC’s appeal strategy remains uncertain, with the agency yet to file its opening brief. This uncertainty has contributed to market volatility, with XRP’s price fluctuations in response to developments in the case. Analysts suggest that the outcome of the appeal could significantly influence XRP’s future price trajectory. While XRP has experienced significant price movements amid the ongoing legal…
Filed under: News - @ January 23, 2025 9:18 pm