One of the old timers of the cryptoverse, Ripple was founded in 2012 as a digital payment network for businesses and institutions. Kinda like crypto’s SWIFT, if you like. And its native token XRP earns brownie points for being one of the most environmentally friendly and cheap-to-transfer cryptos — which is good considering that’s its main use case. However, since 2020, Ripple has been caught up with the SEC due to selling XRP as an allegedly unregistered security, which has been a thorn in its side for a while.
Ripple’s CEO has described the Securities and Exchange Commission as a “bully” after being ruled not a security by a judge.
The ruling will likely be significant to the SEC’s current approach to crypto regulation.
In the comments made in 2018, William Hinman said that he believed there was no need to regulate Bitcoin or Ethereum.
Defendants of Ripple have argued that the ruling against the SEC in its case against Voyager should work in their favor.
After its successes in the US, one of the OGs of cryptocurrency is looking to set sail for Europe – though the journey could be perilous.
Ripple shows it doesn’t have to be serious all the time, doubling down on its NFT community with its own ecosystem.
All good things (even price rallies) must come to an end, but some investors think Ripple could still have more to give.
Ripple’s continuing to outperform other tokens in spite of its increasingly complicated sparring match with the SEC.
XRP is making its way to new peaks despite a pullback of the general market tide as many hope the token might soon reach the safety of shore.
Another week, another bark in the dogfight between Ripple and the SEC – and this time it’s getting down to the nitty-gritty.
The De-Fi market feels the heat with a footnote from the SEC, and Ripple’s just tryna catch some shade.
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