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The SEC says Ripple execs sold an unregistered cryptocurrency called XRP to get rich and finance the build-out of its blockchain-like platform that transacts cross-border payments. The SEC says the.
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XRP – SEC AND RIPPLE SETTLEMENT MEETING IS CONFIRMED! In this video Ripple (XRP) is discussed. See the XRP News, what XRP is, and the confirmation of the settlement meeting between the SEC and Ripple. Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology
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SEC case against Ripple Labs for XRP crypto sale a ‘Bit’ of a .
Ripple Labs, the U.S. technology company behind the XRP crypto, remains embroiled in a lawsuit with the SEC over allegations that its executives engaged in $1.3 billion of trades in unregistered.
Ripple is making “good progress” in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse said. Garlinghouse expects the case will likely reach a conclusion next.
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At the time of publication, XRP was teetering at $0.76 in line with the general downward market trend. XRP/USD Daily Chart, Source: TradingView. A bullish reversal from this point might produce a 44% rise, sending the eighth-largest cryptocurrency above the $1.10 mark. XRP might then journey toward a retest of the $1.41 high.
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“If the company is able to win the SEC lawsuit and trading resumes on major cryptocurrency exchanges like Coinbase, XRP is poised for significant adoption”. JP Morgan’s North America Equity Research report published earlier this month puts XRP in the spotlight, even stating the digital asset is poised for significant adoption.
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