Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ripple – XRP spot ETFs can be ‘only a matter of time’

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

Dogecoin graphy too good to ignore, says Trader Eying Double

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Endgame for Ripple, XRP vs SEC is near, but what can you really expect?
Altcoins

Endgame for Ripple, XRP vs SEC is near, but what can you really expect?

2023-05-09No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ripple, XRP vs SEC. Three entities at the center of the hottest battle in the crypto space.

The timing of a decision in the widespread legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC) is currently the subject of heightened speculation. While the popular consensus among people following the matter, including Ripple CEO Brad Garlinghouse, is for a resolution by the first half of 2023, it seems highly unlikely given the prevailing uncertainty.

Recently prominent XRP influencer Mr Huber caused something after citing a “rumor” about Judge Analisa Torres, who is presiding over the case. He claimed she might not release the ruling until the summer of 2024. Last week, a similar rumor circulated that Ripple Labs and SEC were holding a meeting behind closed doors. However, this was later categorically denied by the lawyer John E Deaton.

While the merits of the rumor are highly debatable, these suspicions reflect growing fear among XRP enthusiasts and broader market participants. Especially those who have been keeping a close eye on the XRP-SEC saga.


Read Ripples [XRP] Price Forecast 2023-24


The big showdown

According to an interview given to CNBC, CEO Garlinghouse said Ripple will eventually spend $200 million by the time the lawsuit is over. In fact, this was the company’s first public disclosure of legal fees.

The controversial lawsuit, filed by the SEC in December 2020, has now entered its third year. The SEC alleged that Ripple executives had an initial public offering (IPO) of XRP – an unregistered security at the time of raising capital. According to the complaint, Ripple raised money by selling XRP tokens as an unregistered security.

See also  SEC charges and settles with TrueCoin and TrustToken over fraudulent TrueUSD claims

In response, Ripple claimed that the SEC was selective in pursuing XRP as the regulator never warned or notified the organization. Ripple maintains the position that the token is used in its business to facilitate cross-border transactions between banks and other financial institutions.

Since its inception, Garlinghouse has potshot the SEC’s whimsy. And he has remained confident about Ripple’s chances. In fact, at the recent XRP Las Vegas 2023 meeting, he expressed his gratitude and appreciation to the XRP community for their support during the legal battle against the regulator.

Great to meet so many people from the XRP community #XRPLasVegas2023 – the camaraderie is remarkable (and a great feeling in person vs. Twitter!) This community has stood by and supported Team Ripple as we fought the good fight…I cannot express my gratitude enough pic.twitter.com/lb9TCURv3C

— Brad Garlinghouse (@bgarlinghouse) May 6, 2023

Also, in a recent statement, while highlighting the weakness of SEC’s arguments, attorney John Deaton called them out “far-fetched”affecting all possible future sales, even in regions outside the US

Ripple betting on offshore markets

Ripple Labs has made clear its intentions about expanding its business outside of the US, even moving in case the verdict does not come in its favor. And it has started betting on emerging crypto markets in Asia and elsewhere.

For example, Ripple announced the opening of its new office in Dubai, UAE, which will serve as the headquarters of the Middle East and North Africa (MENA) region. The company believes the region has been a large market for its on-demand liquidity (ODL) solution, which enables cross-border payments.

Dubai is making great strides as globalization #crypto center and CEO @bgarlinghouse and regional MD @navinblockchain are in town for #DubaiFintechSummit to deepen our commitment to the region, announce a new office and host Swell Global 2023 in the UAE.https://t.co/GN5Q0q8oWA

— Ripple (@Ripple) May 8, 2023

In his earnings figures in the first quarter for 2023, Ripple talked about the growing demand for ODL in Latin America.

See also  The sale of Chainlink starts: will the retail trade hold the line this time?

Bitso, the leading crypto exchange in Latin America, surpassed $3.3 billion in US-Mexico transactions by 2022. This is a sign of the growing institutional use of cryptocurrencies as a cross-border payment solution.

State of XRPL

On-chain activity on XRP ledger (XRPL) increased for the second quarter in a row as transactions increased 9% to 116 million. The increase was driven by strong growth in the non-fungible token (NFT) landscape and trading volumes of decentralized exchanges (DEX).

Dates from XRP SCAN revealed that as of May 8, about 1.21 million transactions have been carried out on the blockchain. This was the highest since April 17, when the number of transactions skyrocketed to more than 4.2 million.

However, the number of new contracts being created in the ledger was steadily decreasing – A minor concern in terms of adoption.

Many insiders expect the lawsuit to shed much-needed light on the SEC’s ambiguity about what it considers a security. In fact, in 2023, SEC has taken similar actions against crypto platforms such as Kraken and Coinbase.

Source: XRP SCAN


Realistic or not, here is the market cap of XRP in terms of BTC


Is 2023 the year for XRP?

Payment-oriented crypto had grown beyond it 22% on a year-to-date (YTD) basis at the time of writing, building on optimism about a favorable litigation outcome and increased bullish sentiment in the crypto market.

A big reason behind the increase is the optimism shown by big whale addresses. For example, Santiment revealed that addresses holding more than 1,000 XRP tokens have steadily increased since the beginning of the year. And the shopping spree shows no signs of abating as whale trades continue to rise.

Source: Sentiment

Hoping that Ripple would emerge victorious in the lawsuit, demand for XRP skyrocketed in 2023 in the Futures market. Open Interest (OI) rose to $728 million on March 30, reaching a five-month high.

See also  SEC Set the decision to approve or reject the XRP ETF application from Grayscale

Since then, however, it has gradually dropped to $426 million, reflecting the decline of XRP’s price in the charts.

Source: Coinglass



Source link

Endgame Expect Ripple SEC XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ripple – XRP spot ETFs can be ‘only a matter of time’

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

Dogecoin graphy too good to ignore, says Trader Eying Double

2025-05-20

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Kraken-backed blockchain Nibiru Chain launches public mainnet

2024-03-13

New Bitcoin buyers are driving BTC more than $ 100k – but this hidden risk remains

2025-05-14

Bitcoin Blockchain records $3.82 billion in NFT sales, securing the fourth largest spot

2024-06-03
Editors Picks

This crypto analyst predicted the Bitcoin -Prijscrash at $ 97,000, he just released a different prediction

2025-04-10

Bitcoin Price and Stablecoin Inflows – Should the Latter’s Downtrend Worry Now?

2025-01-19

Why Blockchain Payments Are Misunderstood

2024-03-06

Arkreen has partnered with The Graph to launch its subgraphs

2024-06-10
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ripple – XRP spot ETFs can be ‘only a matter of time’

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

Dogecoin graphy too good to ignore, says Trader Eying Double

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,687.640.98%
  • ethereumEthereum(ETH)$2,516.00-0.62%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.35-1.20%
  • binancecoinBNB(BNB)$650.610.05%
  • solanaSolana(SOL)$168.220.79%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2258310.67%
  • cardanoCardano(ADA)$0.740.31%
  • tronTRON(TRX)$0.2693771.01%
  • suiSui(SUI)$3.850.39%
  • chainlinkChainlink(LINK)$15.68-0.68%
  • avalanche-2Avalanche(AVAX)$22.561.42%
  • stellarStellar(XLM)$0.2873020.32%
  • hyperliquidHyperliquid(HYPE)$26.38-0.77%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.08%
  • hedera-hashgraphHedera(HBAR)$0.1947710.44%
  • unus-sed-leoUNUS SED LEO(LEO)$8.781.87%
  • bitcoin-cashBitcoin Cash(BCH)$393.770.19%
  • the-open-networkToncoin(TON)$3.081.94%
  • polkadotPolkadot(DOT)$4.661.62%
  • litecoinLitecoin(LTC)$94.23-4.23%
  • moneroMonero(XMR)$350.552.17%
  • bitget-tokenBitget Token(BGB)$5.15-1.23%
  • pepePepe(PEPE)$0.000013-0.79%
  • piPi(PI)$0.763.15%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$257.964.08%
  • uniswapUniswap(UNI)$5.991.20%
  • bittensorBittensor(TAO)$414.811.00%
  • nearNEAR Protocol(NEAR)$2.801.30%
  • aptosAptos(APT)$5.14-1.19%
  • okbOKB(OKB)$52.16-0.46%
  • ondo-financeOndo(ONDO)$0.941.39%
  • kaspaKaspa(KAS)$0.1102702.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2911.45%
  • internet-computerInternet Computer(ICP)$5.271.24%
  • ethereum-classicEthereum Classic(ETC)$18.39-0.46%
  • gatechain-tokenGateToken(GT)$21.53-0.11%
  • crypto-com-chainCronos(CRO)$0.0967360.87%
  • mantleMantle(MNT)$0.752.58%
  • vechainVeChain(VET)$0.0285411.96%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231555-0.63%
  • render-tokenRender(RENDER)$4.641.60%
  • ethenaEthena(ENA)$0.3755972.29%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.2240510.87%
  • arbitrumArbitrum(ARB)$0.3927570.38%
  • filecoinFilecoin(FIL)$2.860.10%
  • bitcoinBitcoin(BTC)$106,687.640.98%
  • ethereumEthereum(ETH)$2,516.00-0.62%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.35-1.20%
  • binancecoinBNB(BNB)$650.610.05%
  • solanaSolana(SOL)$168.220.79%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2258310.67%
  • cardanoCardano(ADA)$0.740.31%
  • tronTRON(TRX)$0.2693771.01%
  • suiSui(SUI)$3.850.39%
  • chainlinkChainlink(LINK)$15.68-0.68%
  • avalanche-2Avalanche(AVAX)$22.561.42%
  • stellarStellar(XLM)$0.2873020.32%
  • hyperliquidHyperliquid(HYPE)$26.38-0.77%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.08%
  • hedera-hashgraphHedera(HBAR)$0.1947710.44%
  • unus-sed-leoUNUS SED LEO(LEO)$8.781.87%
  • bitcoin-cashBitcoin Cash(BCH)$393.770.19%
  • the-open-networkToncoin(TON)$3.081.94%
  • polkadotPolkadot(DOT)$4.661.62%
  • litecoinLitecoin(LTC)$94.23-4.23%
  • moneroMonero(XMR)$350.552.17%
  • bitget-tokenBitget Token(BGB)$5.15-1.23%
  • pepePepe(PEPE)$0.000013-0.79%
  • piPi(PI)$0.763.15%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$257.964.08%
  • uniswapUniswap(UNI)$5.991.20%
  • bittensorBittensor(TAO)$414.811.00%
  • nearNEAR Protocol(NEAR)$2.801.30%
  • aptosAptos(APT)$5.14-1.19%
  • okbOKB(OKB)$52.16-0.46%
  • ondo-financeOndo(ONDO)$0.941.39%
  • kaspaKaspa(KAS)$0.1102702.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2911.45%
  • internet-computerInternet Computer(ICP)$5.271.24%
  • ethereum-classicEthereum Classic(ETC)$18.39-0.46%
  • gatechain-tokenGateToken(GT)$21.53-0.11%
  • crypto-com-chainCronos(CRO)$0.0967360.87%
  • mantleMantle(MNT)$0.752.58%
  • vechainVeChain(VET)$0.0285411.96%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231555-0.63%
  • render-tokenRender(RENDER)$4.641.60%
  • ethenaEthena(ENA)$0.3755972.29%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.2240510.87%
  • arbitrumArbitrum(ARB)$0.3927570.38%
  • filecoinFilecoin(FIL)$2.860.10%