Ripple’s Lead Counsel Confirms $125M Fine Payment, SEC Case Nears Closure
The post Ripple’s Lead Counsel Confirms $125M Fine Payment, SEC Case Nears Closure appeared on BitcoinEthereumNews.com.
Ripple’s $125M fine payment within 30 days could mark the end of its prolonged legal battle with the SEC. Analysts suggest XRP might surge to $525.55 due to increased institutional adoption and record transaction volumes. XRP’s technical indicators present mixed signals, with the MACD showing bearish momentum and the RSI indicating a neutral stance. In a recent post by MetaLawMan on X platform, the XRP community’s long-held belief in Ripple’s resilience is being validated. This sentiment aligns with Ripple’s Chief Legal Officer, Stuart Alderoty, confirming that Ripple will pay a $125 million fine within 30 days. This payment marks a big step towards concluding Ripple’s lengthy legal battle with the SEC. The anticipated closure of this case has sparked optimism within the XRP community, with many expecting the cryptocurrency to soon gain regulatory clarity. Furthermore, the resolution of this legal case could have substantial implications for Ripple’s operations and XRP’s market performance. The community’s unwavering support for Ripple seems justified as the company approaches this critical juncture. Moreover, market analysts are closely monitoring XRP’s price movements. A recent report from Waschen.Guru suggested that XRP could surge to $525.55, driven by record transaction volumes and increased institutional adoption. This bullish outlook has heightened expectations, with some speculating that the broader cryptocurrency market could see significant inflows. 🚨 https://t.co/pQKRh8yQ98 reports $525.55 per #XRP as record transaction volumes and institutional adaption data released! This means Trillions will be flowing onto XRPL!! Top and lowest supply defi token on XRPL, CTF token, would easily jump from $0.63 to $748.50 per token!!… pic.twitter.com/yfb71efMjR — JackTheRippler ©️ (@RippleXrpie) August 9, 2024 However, Ripple’s legal victory has also reignited discussions about Ethereum’s regulatory treatment. Prominent figures, including Scott Melker, a crypto investor, have raised questions about why Ethereum seemingly received a “free pass” from regulators, sparking further…
Filed under: News - @ August 10, 2024 11:16 am