After nearly four years of legal battle, the case between the U.S. Securities and Exchange Commission (SEC) and Ripple is nearing its end. The lawsuit, which began in December 2020, claimed that the XRP cryptocurrency is an unregistered security. However, with the SEC withdrawing its request for a review, the conditions have shifted in favor of Ripple. Ripple’s CEO, Brad Garlinghouse, stated in an interview with Bloomberg that this legal battle was lengthy but has brought more transparency for the company and himself. With the SEC’s review request being denied, Ripple is now in a stronger position. Garlinghouse also mentioned that the $125 million fine imposed on Ripple might be reconsidered as no investor suffered losses during this case. This victory is crucial not only for Ripple but for the entire cryptocurrency industry. Despite this triumph, some expected a significant increase in Ripple’s price. However, experts believe that various factors such as institutional investor entry delays and the possibility of market manipulation by exchanges have slowed down its price growth. Nevertheless, many analysts foresee a bright future for XRP and predict that with legal uncertainties resolved, this cryptocurrency will gain quicker and broader acceptance. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantly.
