📢 OIG investigation could impact Ripple’s fight with SEC; Bitcoin price below $95,000
The SEC is facing scrutiny as the OIG investigates conflicts of interest related to Ripple’s XRP lawsuit and Ethereum favoritism, according to new reports.
This could have significant implications for Ripple’s legal battle with the SEC. ⚖️
If the SEC withdraws its appeal, XRP could reach its January 2018 all-time high of $3.5505.
However, if the SEC files its opening brief before January 15, XRP may face selling pressure and could fall below $1.50.
Bitcoin prices recently fell below $95,000, mainly affected by the Federal Reserve's hawkish policy and weak ETF flows.
The BTC spot ETF market saw net inflows of $457 million, but outflows on Thursday and Friday soured market sentiment.
Trump’s announcement that former Republican congressional candidate Beau Hines will serve as executive director of the President’s Digital Asset Advisory Council further underscores the incoming administration’s support for cryptocurrencies.