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As anticipation for the potential settlement in the Ripple versus SEC case continues to build, it’s increasingly evident that the outcome could reshape the crypto regulatory landscape in the US. Adding to the drama, Ripple CEO Brad Garlinghouse hinted in a recent interview that a resolution could be weeks, not months, away.
Public Gains Access to the Mysterious Hinman Documents
On May 16, Judge Analisa Torres ruled in favor of public access to the Hinman documents, causing further speculation about an imminent XRP settlement. Previously shielded from public view by the SEC, the release of these documents could potentially tilt the scales in Ripple’s favor. The delay to June 13 in the deadline for redactions has added fuel to the fire of settlement rumors.
Ripple’s Surprising Swiss Acquisition
In a strategic twist, Ripple announced the acquisition of Swiss firm Metaco just three days after Judge Torres’ ruling. Garlinghouse shared that the acquisition was a response to the unclear regulatory environment in the US. This move allows Ripple to expand its horizons, offering new tech solutions for the custody, issuance, and settlement of tokenized assets. Yet, it begs the question – was this a strategic business move or a clever maneuver anticipating the lawsuit’s outcome?
Also, Read – Ripple Vs SEC: Pro-XRP Lawyer Predicts LBRY’s Bold Move Against SEC Could Spell a Massive Win for XRP!
XRP Price Trend and Market Activities Show Positive Momentum
While the lawsuit chatter continues, XRP’s price has been quietly climbing, maintaining its position as the sixth-largest cryptocurrency. With its market cap exceeding $24.5 billion and a 22% growth in the past year, XRP’s market performance remains solid. Moreover, it’s seen a steady increase in active addresses and trading volume on Decentralized Exchanges (DEXs), indicating the asset’s rising popularity.
The Countdown Begins: Will a Decision Finally Emerge?
Speculation about an XRP settlement is rife, with Garlinghouse indicating that a decision might be imminent. The result of the XRP case is much more than just the fate of one cryptocurrency; it could shape the entire future of crypto regulations in the US.
“#XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that fomo won’t likely kick in until $2.” – John Deaton
As John Deaton suggests, those who are hesitant to invest in XRP now might find themselves in a mad scramble when its price crosses $1. The question remains: Are you ready for the Ripple effect?