<p>The excitement surrounding the sudden rise of the cryptocurrency XRP has intensified with speculations about BlackRock’s potential involvement. However, the story gets complicated. It might even end up in a lawsuit.</p>
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     <p lang="en" dir="ltr">As we confirmed yesterday, BlackRock has not filed an iShares XRP Trust. We have escalated this issue with the Delaware Division of Corporations. <a href="https://t.co/IDlGhPjU7V" rel="noopener noreferrer nofollow">https://t.co/IDlGhPjU7V</a></p>— BlackRock_News (@BlackRock_News) <a href="https://twitter.com/BlackRock_News/status/1724580581621579857?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 15, 2023</a>
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  BlackRock reported the case of false XRP ETF filing request to the State Department of Justice
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<h2 id="h-let-s-recap-the-context">Let’s Recap the Context</h2>
<p>Recently, Ripple’s cryptocurrency XRP found itself at the center of speculations regarding a possible interest from BlackRock, the global asset management giant. These rumors had a significant impact on <a href="https://www.cointribune.com/en/crypto-markets/xrp-xrp-en/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a>, which <strong>surged to $0.7496.</strong> Behind this price spike, however, there are legal questions and controversies.</p>
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<h2 id="h-rumors-of-an-xrp-etf-and-blackrock-s-involvement">Rumors of an XRP ETF and BlackRock’s Involvement</h2>
<p>The story begins when information circulates that Robert Mitchnick, a digital strategy executive at BlackRock, had links with Ripple as a former employee. This connection spawned speculations about the possibility that <strong>BlackRock might reassess its stance on cryptocurrencies, specifically XRP.</strong></p>
<p>Certainly, BlackRock has previously expressed public support for Bitcoin. It has not yet taken a stance on XRP. However, the rumors have persisted. Hence the recent price increase of XRP.</p>
<h2 id="h-complications-arise-potential-legal-actions-on-the-horizon">Complications Arise: Potential Legal Actions on the Horizon</h2>
<p>The authorities in Delaware have decided to <strong>report the authors of a fake BlackRock XRP filing to law enforcement</strong>. This fraudulent filing has created confusion and raised questions about the legitimacy of information circulating around BlackRock and XRP.</p>
<p>The <a href="https://www.theblock.co/post/263048/delaware-authorities-reported-the-authors-of-fake-blackrock-xrp-filing-to-law-enforcement?utm_source=telegram2&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">case</a> is currently in the hands of the Department of Justice, and the shadow of prosecution is very present. Crypto investors, for their part, must remain vigilant and take into account <strong>the potential risks associated with legal actions</strong>. The crypto market is often irrational, and rumors can have a significant impact.</p>
<p>Considering XRP, amidst speculations and disputes, and cryptocurrency in general, vigilance is paramount. Investors must navigate cautiously through this turbulent and uncertain financial landscape!</p>

XRP ETF Rumors: BlackRock Files a Complaint

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