The post Ripple Battles SEC while JetBolt Attracts New Whales appeared on BitcoinEthereumNews.com.

XRP is currently dealing with legal nightmares as Ripple battles with the United States Securities and Exchange Commission (SEC) in a high-profile lawsuit. As the legal headaches continue for Ripple, new altcoin JetBolt (JBOLT) is attracting the attention of whales with its next generation platform, cutting-edge technology and early pre-sale success that has already raked in almost $290,000 after only two months. Read on if you’re curious about what’s going on between Ripple and the SEC, and why JetBolt is a top altcoin to watch this year. Ripple’s Legal Battle with the SEC: The Saga Continues Ripple’s battle with the SEC has been a defining story for XRP investors since the lawsuit first emerged back in 2020. The SEC alleged that Ripple’s sale of XRP tokens amounted to an unregistered securities offering, sparking legal scrutiny that has clouded the coin’s prospects. Despite a partial victory in 2023, Ripple’s momentum was dampened when the SEC filed an appeal in October 2024, further delaying a resolution. Ripple’s CEO, Brad Garlinghouse, slams SEC saying that if they are thinking rationally, the case would have been solved long ago. “While we’ll fight in court for as long as we need, let’s be clear: XRP’s status as a non-security is the law of the land today – and that does not change even in the face of this misguided – and infuriating – appeal,” Garlinghouse writes on X. As of writing, XRP has experienced a notable decline of 10.5% within two weeks, with its price currently hovering around $0.52. Analysts attribute the bearish movement largely to the SEC’s relentless pursuit of the case. However, XRP enthusiasts are hopeful that a long-term resolution could lead to a bullish price breakout. JetBolt (JBOLT)’s Presale Soars: Attracting Whales in a Crowded Market While crypto whales await the outcome…

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Filed under: News - @ October 10, 2024 7:28 pm