Bitcoin

The long-running legal case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could finally come to a close soon, especially with the <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">recent election of President Donald Trump</a>, whose pro-crypto stance could lead to a more favorable regulatory environment for digital assets.   
If Trump appoints a new SEC leader who is more open to cryptocurrencies, it could accelerate the resolution of Ripple’s legal issues, potentially settling the case for the <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">$125 million fine</a> that was initially offered. This shift in leadership could also help clarify regulatory guidelines for digital assets, which would likely boost market confidence and institutional interest in Ripple’s technology.   
Ripple’s legal victory, which ruled that <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-xrps-non-security-status-remains-despite-ongoing-appeal/" target="_blank" rel="noreferrer noopener">XRP is not a security</a>, was an important milestone for the company, although the SEC's appeal is ongoing. Amid the confusions of the latest appeal, a <a href="https://x.com/trafford66/status/1856069352992452842" target="_blank" rel="noreferrer noopener nofollow">user took to social media</a> and asked, “Can the lawsuit still be settled or withdrawn after it has been put in front of the appeals court?”   
Legal expert and attorney Fred Rispoli reacted and answered the above-mentioned question.   
<a href="https://x.com/freddyriz/status/1856111139203232084" target="_blank" rel="noreferrer noopener">He wrote</a>,   
<blockquote class="wp-block-quote">
  
 “Yes. Withdrawn or settled at any time. Withdrawn is unrealistic though. Likely to be settled.”` 
</blockquote>   [post_titles_links postid="378179"]   
<h2 class="wp-block-heading" id="h-what-s-next-for-xrp">What’s Next For XRP?</h2>   
Currently, XRP is priced at around 60 cents, showing steady growth, with key support levels at 56 cents and 54 cents. The altcoin is up 19 percent this week, thanks to Trump again. Bitcoin has captured the $88k mark and is now heading towards the $90k level.   
If Ripple’s case is resolved positively, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP’s price</a> could see a significant increase as clarity on regulations would attract more investors and institutions. CEO Brad Garlinghouse remains hopeful that a clearer regulatory framework will benefit Ripple and increase the adoption of XRP in global banking.

XRP News: Legal Expert Says Ripple Lawsuit Can Still Be Withdrawn or Settled

Table of Contents

CoinPedia News

Other articles published on Nov 12, 2024

Fetch.AI Nears Key Breakout Level: Analysts Eye $3.5 Target

Singapore MAS Announces Plans to Boost Asset Tokenization in Finance

President-elect Trump to appoint a pro-crypto cabinet to make the US the “crypto capital of the p...

Bitcoin Surges: Tesla Rakes In Colossal Profit

Warped Games Announces Official Partnership with Mysten Labs to build on Sui (12 Nov)

If You Missed the Market, Keep an Eye on the Next Pepe.

Join our free newsletter for daily crypto updates!