Ripple scored partial wins against the US SEC in July, and in October, both an SEC appeal and charges against Ripple’s top executives were dismissed.Ripple’s progress in the lawsuit and a broader bullish crypto trend, highlighted by Bitcoin’s surge, may drive XRP’s price up.its first landmark win against the US Securities and Exchange Commission in mid-July. Back then, a Federal Judge determined that the company’s programmatic XRP sales did not constitute an offer of investment contracts.
XRP was boosted again when the American magistrates dismissed the SEC’s wish to appeal the initial court decision at the beginning of October and when Ripple’s CEO – Brad Garlinghouse – and Executive Chairman – Chris Larsen – wereCurrently, the token’s price hovers around $0.54 as certain factors could indicate that a further surge might occur soon.an order dismissing the accusations brought by America’s securities regulator against Ripple’s executives.
Last but not least, Ripple’s token could follow the green wave that currently reigns in the cryptocurrency market. Bitcoin has spiked by around 20% in the past week on fresh hopes that BlackRock’s spot BTC ETF might soon see the light of day in America.
Source: Digital Coin News (digitalcoinnews.net)
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