XRP news section is specifically tuned to XRP and the ecosystem around Ripple updates. Find out about cross‑border payment use‑cases, developments in Ripple vs. SEC history, partnership news. Learn how XRP fits into the broader token environment. Perfect if you follow XRP closely.
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.
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.
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.