The end of the SEC case against Ripple has given the blockchain payment company the needed space to build the XRPL network in preparation for mainstream adoption.
Ripple expands its global blockchain footprint through strategic partnerships in Japan and Korea, enhancing the XRPL ecosystem and promoting academic research in the field.
The blockchain payment firm’s current focus is on ensuring that RLUSD launches successfully and without problems.
Fruition Production also revealed that Ripple CEO Brad Garlinghouse declined to participate in the documentary. However, the studio managed to secure an interview with Ripple Chief Technology Officer David Schwartz.
Ripple began putting effort into the development of RLUSD, which is pegged at 1:1 with the United States dollar, at the beginning of this year.
According to Alderoty, the SEC has just a measly 10% chance of winning the appeal. That is, if the regulator truly goes through with it.
Bitnomial plans to launch margin-based, physically settled XRP/USD futures contracts, fueling speculation about a future spot XRP ETF.
This latest development underscores the engagement and adoption of the XRPL in the last few months.
The surge in XRP options activity is undoubtedly a bullish signal for the cryptocurrency.
Recent developments in the SEC vs. Ripple case could also influence XRP’s price.
The SEC noted that the court has recognized Ripple’s “willingness to push the boundaries” of the summary judgment order, indicating a likelihood of future violations.
With the $125 million penalty, legal experts Attorney Bill Morgan and James Murphy also known as MetaLawMan, speculate that both sides will appeal.
Judge Analisa Torres stated that the case “does not involve allegations of fraud, misappropriation, or other more culpable conduct” by Ripple. The judge reduced penalty by 94% from the SEC’s demand of $2 billion.
As per the Kaiko data, the inability of top exchanges to allow XRP trading during the suit resulted in a strong surge in XRP trading interest that has shot up since the ruling.
The team revealed that the reset is meant to create a more reliable and functional testing ground for developers and users.