XRP Prices and Activity Rise as Ripple CEO Says Legal Resolution Expected “Soon”
According to a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse expects the company to settle its years-long lawsuit with the U.S. Securities and Exchange Commission (SEC) “very soon”. The price of XRP has risen in recent weeks on speculation that the SEC could announce a settlement after a closed-door meeting next week. Activity levels and the creation of new addresses on the XRP ledger have also reached their highest levels since March, according to analyst firm Santiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why did India suddenly make massive purchases of US Treasuries? July net purchase hit a record $15.2 billion, with a special swap mechanism as the key factor
Benefiting from a special arrangement by the Reserve Bank of India to attract overseas capital, India purchased a record amount of US Treasury bonds in July due to large capital inflows.
Japanese banking industry warns: rising Japanese bond yields may trigger writedowns and profit shocks
Japanese government bond yields may continue to rise, putting banks at risk of asset write-downs and profit losses.
Strategy Buys STRC Shares After Steep Selloff
IDRX Rupiah Stablecoin Goes Live on Celo With Textile FX Liquidity
Crypto prices
More
