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Today, we’re diving into the latest developments in the world of cryptocurrency, specifically focusing on Ripple, XRP, and the ongoing legal battle with the SEC. The SEC recently filed its appeal strategy, targeting Ripple’s executives and challenging the Programmatic sales ruling. This ruling could have significant implications for XRP and its place in the market.
If the SEC is successful in overturning the ruling, XRP could come under SEC jurisdiction for secondary market sales. This could lead to US crypto exchanges delisting XRP to comply with US Securities laws, potentially impacting XRP adoption. As we’ve seen in the past, delistings can have a negative impact on crypto tokens, while listings on major exchanges can drive prices up.
Ripple’s Stablecoin and SEC Delays: What Investors Need to Know
In addition to the Programmatic sales ruling, Ripple has been making moves in the stablecoin space with the introduction of Ripple USD (RLUSD). While testing began in August 2024, Ripple has made it clear that RLUSD is not yet available for purchase or trade due to lack of regulatory approval. The SEC has also raised concerns about RLUSD, labeling it as a new unregistered crypto asset in their recent reply brief.
As the SEC continues to weigh in on Ripple’s stablecoin plans, investors are eagerly anticipating the outcome and its potential impact on Ripple’s future.
XRP Price Outlook: Analyzing the Possibilities
With all the uncertainty surrounding the SEC’s appeal and Ripple’s stablecoin, investors are left wondering about the future price of XRP. If the SEC presents strong arguments in their appeal, XRP could see a drop below $0.50. However, if the arguments are weak and fears of a successful appeal ease, XRP could rally back up to previous highs.
Pro-crypto lawyer Jeremy Hogan has expressed optimism about Ripple’s chances in the appeal, giving them a high probability of success. His insights provide a glimmer of hope for XRP investors amidst the ongoing legal battle.
Stay tuned to Extreme Investor Network for more updates and expert analysis on the ever-changing world of cryptocurrency and the stock market. Our unique insights and insider information set us apart as the go-to source for serious investors.