đšCrypto: Towards a decisive resolution of the Ripple vs SEC dispute?
â The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) may soon be coming to an end. Ripple CEO Brad Garlinghouse recently expressed optimism that the long-running dispute will soon be resolved. Speculation surrounding a possible settlement has sparked a lot of interest within the crypto community.
đšProgress towards imminent settlement
â Brad Garlinghouse recently spoke on Bloomberg Markets: The Close about Rippleâs dispute with the SEC . The executive said , âWe expect a resolution very soon, but we cannot predict exactly when the judge will issue his decision.â This comes after Judge Analisa Torres clarified key aspects of the dispute, including institutional sales of XRP, which are considered investment contracts.
â Asked about possible settlement discussions with the SEC, Garlinghouse declined to comment directly. âI canât comment on that at this time,â he said. However, he emphasized that the only part still in dispute concerns sales of XRP to institutional investors.
đšCrypto Market Speculations and Reactions
â Garlinghouseâs remarks have sparked speculation in the crypto community, with some hoping for a settlement before the end of summer 2024. Furthermore, the anticipation of this settlement has led to a significant increase in the price of XRP. The asset is currently the sixth-largest crypto with a market capitalization of approximately $32 billion. It is showing increasing trading activity and interest, fueled by expectations of a resolution to the litigation with the SEC.#US_Job_Market_Slowdown #BinanceTurns7
