AI Summary
- Although a resolution to Ripple’s ongoing battle with the SEC has yet to be confirmed, it seems a small victory has just been achieved with XRP. Ripple’s Chief Legal Officer, Stuart Alderoty, took to Twitter to express his views on Gary Gensler’s outing and Ripple’s bright future.
- A victory against the SEC could be close as multiple coincidences line up for XRP and the Ripple team following the market’s bullish sentiments and a crypto-friendly U.S.
- With a new pro-crypto administration and Gensler out, XRP holders are not wrong to believe that the SEC’s cases against Ripple might be dismissed in the coming months.
- Thank you.” The SEC pushed Ripple in a legal battle in 2020 claiming that Ripple raised $1.3 billion via an unregistered securities offering by selling its XRP token.
Although a resolution to Ripple’s ongoing battle with the SEC has yet to be confirmed, it seems a small victory has just been achieved with XRP.
Ripple’s Chief Legal Officer, Stuart Alderoty, took to Twitter to express his views on Gary Gensler’s outing and Ripple’s bright future.
A victory against the SEC could be close as multiple coincidences line up for XRP and the Ripple team following the market’s bullish sentiments and a crypto-friendly U.S.
Ripple vs SEC: Victory is near?
With Gary Gensler being outed as chairperson of the SEC, there’s a strong reason to believe that current crypto cases being assessed by the SEC could be thrown out or dismissed as Trump takes office.
With a new pro-crypto administration and Gensler out, XRP holders are not wrong to believe that the SEC’s cases against Ripple might be dismissed in the coming months.
Ripple Chief Legal Officer, Stuart Alderoty, tweeted about the hardships that Ripple has been through in recent years and how “Ripple provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto.”
From Alderoty’s tweet:
“Ripple provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto…
Ripple provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto. We kept the door open long enough for the industry to survive and seize this incredible moment. The faith and support of the XRP Army provided much-needed hope in the darkest days. Thank you.”
The SEC pushed Ripple in a legal battle in 2020 claiming that Ripple raised $1.3 billion via an unregistered securities offering by selling its XRP token. Since then, Ripple has made small victories against the SEC’s claims.
XRP price insight
Over the past 7 days, XRP has gained 31% and is close to beating its 2021 high at $1.79. Currently, the token is settling at $1.49.
The token may be consolidating between $1.30 – $1.53 after reaching a high of $1.62 on November 23. XRP’s all-time high at $3.40 back in 2018 could be overtaken if the path forward for Ripple becomes clearer.
