What’s Happening With $XRP in February 2024?
In February 2024, the XRP community witnessed some exciting developments that stirred up the crypto world. Ripple, the company behind XRP, made headlines with its strategic acquisitions and partnerships. The most notable one was the acquisition of a New York-based crypto trust company to expand Ripple's regulatory qualifications and strengthen its presence in the US market.
On the legal front, Ripple and the US Securities and Exchange Commission (SEC) entered the "remedies" phase of their ongoing lawsuit. This phase focuses on institutional sales of XRP and could potentially have a significant impact on the token's future. The deadline for this phase is set for February 20, 2024.
In the world of central bank digital currencies (CBDCs), Ripple continued to collaborate with major central banks, positioning itself as a key player in bridging the gap between traditional finance and the digital world.
Finally, the XRP Ledger (XRPL) had implemented "clawbacks," a feature that allows for the recovery of funds in case of fraudulent or erroneous transactions. This development was met with great excitement from the community, as it further enhanced the security and reliability of the XRPL.
$XRP
