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The ongoing war between SEC and Ripple is going to end soon. There is a strong belief among analysts that Ripple is going to win over the SEC. If Ripple wins this battle, the price of XRP tokens will reach their peak value. The investors and developers are going to celebrate this win after a long wait of two years.
If the SEC considers the XRP token not secure enough to make transactions, Ripple is ready to pay a fine to the SEC. But now the situation is totally favorable for Ripple, so there are high chances for Ripple to not pay any kind of fine to the SEC.
At the time of writing, the digital currency exchange platform Coinbase stated that it was going to support Ripple against SEC. Coinbase raised its vocal support for Ripple in court on Monday. It stated that currently Ripple is considered the world’s sixth largest digital currency by its market value.
Jeremy Hogan, the major attorney in the XRP community, recently commented that the lawsuit between XRP and the SEC is going to end. Soon, the 2-year marathon is going to reach its conclusion.
“Now that the parties have reached the end of an exhaustive discovery phase with dueling motions for summary judgment, Ripple fired off a robust set of arguments, while the SEC’s motion was just a warmed-over version of its original complaint.”
To provide transparency and to maintain regular updates, Ripple announces the quarterly XRP markets and its quarterly sales on the platform. According to the data, it was the first time that, out of total supply, Ripple XRP holdings were less than 50%. The total XRP sales of Ripple in this quarter’s report were $310.68 million (USD).
Recently, Ripple came up with an innovative idea that supports the investors financially in this crypto world. Ripple is going to launch the “Crypto Means Business” global campaign to create more awareness among the users of “how crypto solutions can be used by finance professionals to drive a more efficient, transparent, and dynamic financial system that serves better for their business.”
“The global financial system can and should be more efficient. That’s starting to happen as crypto solutions make a real impact on financial institutions and businesses across the world,” according to the Ripples tweet.
Recently, there was a survey from the Bank of International Settlements (BIS) that found that most of the central banks, nearly 90%, which was 80% in 2021, are showing interest in implementing central bank cryptocurrencies.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
