Close to half a billion XRP shifted as the community looks forward to the end of Ripple-£SEC case whale_alert
The main driver of the XRP price surge since the start of the year have been manifold interviews of Ripple Chief Executive Brad Garlinghouse during the annual World Economic Forum in Davos, Switzerland, this year.case of the SEC against Ripple
to be delivered this year, probably even during the next few months as all the necessary materials have been submitted and briefed for the judge to look at. The CEO stated that he does not believe that a settlement would take place as the regulator is unlikely to meet Ripple's major condition — XRP should be classified as a non-security on a forward-going basis. Therefore, the CEO expects the case to at least end this year.
Overall, according to Garlinghouse, things are going well for Ripple even despite the lawsuit that has been running since December 2020, a lot of new customers have joined Ripple outside of the U.S., and XRP is engaged in around 50% of transactions processed by the company on a yearly basis — that is billions of USD.
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