Daily digest market movers: Ripple lawsuit ruling expected soon, developers issue XRP Ledger upgrade

avatar
· 阅读量 103


  • US financial regulator SEC alleges that Ripple sold unregistered securities (XRP token) to institutional investors. The firm is faced with fines to the tune of $2 billion. Judge Analisa Torres is expected to rule on this issue soon. 
  • XRP traders have their eyes peeled for the final ruling in the Ripple lawsuit for two reasons: 
  • XRP has legal clarity as a non-security in its secondary market transactions (trade on exchanges)
  • If the SEC chooses to appeal the ruling it could influence XRP negatively
  • Ripple has proposed $10 million in fines for the alleged securities law violations, while the SEC says even by the payment remittance firm’s logic (in its letter comparing the lawsuit to Terraform Labs’ case) the fines should be $102.6 million. 
  • Pro-crypto attorney Fred Rispoli predicts that the Ripple lawsuit could end this month. 
  • XRP continues to enjoy the spotlight, as talks of further altcoin ETFs, likely Solana, XRP do the rounds. Franklin Templeton recently tweeted about a Solana ETF. XRP proponents argue that it is likely XRP Ledger’s native token gets a spot ETF product of its own

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 0
暂无评论。 来发表第一条观点吧。

  • tradingContest