Altcoins News
By Sydney TheCMO
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A few days ago, XRP’s price experienced an uptick after reports that it was almost winding up its legal battle with the Securities and Exchange Commission (SEC).
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The lawsuit has been leaning in favor of XRP’s status as a digital currency rather than the SEC’s claim that XRP should also be subjected to the same laws that govern securities…
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Ripple had filed a motion that sought to deny the SEC of any right to MOUs to foreign regulators requesting their assistance in acquiring Ripple transaction information.
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What does the judicial ruling mean for Ripple?
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Ripple’s recent judicial blow is a concern to existing and potential investors over too much regulatory interference.
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The Ripple Vs. SEC case has attracted a lot of attention not only from the Ripple community but also from the international community as it is the first legal case of its kind.
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Ripple argues that XRP is a cryptocurrency just like ETH and Bitcoin. Still, the SEC argues that the cryptocurrencies mentioned above did not have a central institution…
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Ripple’s goal is to partner with banks to facilitate faster transactions through the Ripple Network.
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The court ruling has already hurt XRP's performance, whose price dropped significantly in the last 12 hours due to diminishing investor confidence and uncertainty about Ripple's…
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Ripple’s current woes seem to have watered down attempts to reach its previous high of $1.88, which it achieved on April 13 this year.
The Currency Analytics
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