The SEC’s appeal impacts XRP, leading to whale movements, price uncertainty, and divided sentiment within the XRP community.
According to the core Xahau developer, Xahau will power the remittance services between Coopbank and inFTF.
Ripple’s Chief Legal Officer, Stuart Alderoty, criticized the SEC’s appeal, calling it an extension of the agency’s “litigation warfare”.
Legal experts, including former SEC attorneys, believe an appeal is likely, citing concerns about inconsistencies in rulings related to programmatic XRP trading.
Ripple has made significant investments in the XRP market to improve its liquidity and real-world utility following the closure of the SEC-led lawsuit.
Top lawyer says the SEC’s potential appeal is a complete waste of taxpayer money.
Ripple’s legal victory over the SEC in 2024 boosted market confidence. XRP was declared a non-security in secondary market trades, giving the crypto industry much-needed regulatory clarity.
The closure of the Ripple vs SEC lawsuit that saw the firm ordered to pay $125 million in civil penalty has significantly freed XRP from bearish sentiments.
The recent breach of the Supreme Court’s YouTube Channel highlights a growing trend where cybercriminals are taking advantage of social media accounts belonging to individuals, businesses, and organizations to promote fraudulent cryptocurrencies.
XRP has shown strong performance by maintaining critical support levels around $0.51 and rebounding to $0.58.
The closure of the SEC vs Ripple lawsuit has been a major turning point for the XRP mainstream adoption.
The cryptocurrency’s near-term outlook remains cautious, with potential for further declines if current trends continue.
The recent launch of Grayscale’s XRP Trust has added to the positive sentiment surrounding XRP.
Ripple is pushing to pay the monetary portion to the US SEC and free the XRP market from the legal constraints caused by the lawsuit over the years.
The SEC and Ripple have agreed to keep 111% of the judgment amount in a bank account under the care of a law firm.