Ripple

A well-known San Francisco-based digital coin, Ripple (XRP) has recently reached a huge milestone in the cryptocurrency space. Following the lawsuit, The U.S. court ruled in favor of Ripple, which potentially, sets a new standard for other digital coins. The Brief History of the Ripple Lawsuit Initiated in December 2020, Ripple Labs were facing a lawsuit from the U.S. Securities and Exchange Commission, known as SEC, who claimed that the former sold XRP coins as an unregistered securities offering, selling…

Ripple, the San Francisco-based blockchain startup, has recently emerged victorious from a landmark ruling that determined its cryptocurrency, XRP, was not inherently a security. This decision has sparked a wave of optimism within the company. Ripple expects U.S. banks and other financial institutions to show increased interest in adopting XRP for cross-border payments. The SEC Case and Its Outcome Ripple has been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) for the past three years.…

XRP, the digital asset that powers some of Ripple Labs' payment and exchange network services, has been under scrutiny recently due to an ongoing lawsuit with the US Securities and Exchange Commission (SEC). Despite these legal troubles, experts predict growth for XRP by the end of 2023, with estimates suggesting a price of around $0.50 to $0.54​. In December 2020, the SEC filed a lawsuit against Ripple, claiming that its sale of XRP was an unregistered securities offering. This event…