Impact

Coin

<ul class="news-points">
 <li>XRP drops 1.66% as the market speculates about a possible Ripple-SEC settlement before the SEC’s July 25 meeting.</li>
 <li>Speculation about a settlement in the SEC vs. Ripple case is high, with the SEC’s July 25 meeting closely watched.</li>
 <li>The launch of Ripple’s RLUSD stablecoin and its regulatory strategy might influence XRP’s market position.</li>
</ul>
XRP fell 1.66% on Tuesday, July 23, after a 1.76% gain the previous day, closing at $0.5983. This drop aligns with a broader market downturn, where the total crypto market cap fell 1.50% to $2.351 trillion.
Speculation about a potential settlement in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple has intensified, with investors closely watching the SEC’s closed meeting <a href="https://www.sec.gov/newsroom/meetings-events/sunshine-act-notice-closed-07252024" target="_blank" rel="noopener noreferrer nofollow">scheduled for July 25</a>, anticipating discussions regarding a possible settlement.
In <a href="https://coinedition.com/ripples-sec-lawsuit-nears-end-what-a-settlement-could-mean-for-xrp/" rel="noopener noreferrer nofollow">July 2023</a>, Judge Analisa Torres ruled that while Ripple violated U.S. securities regulations by distributing XRP directly to institutional entities, she also concluded that the programmatic sales of XRP did not meet the requirements of the Howey Test, a metric used to determine if a transaction constitutes an investment contract.
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The post <a href="https://coinedition.com/xrps-path-forward-realusd-launch-sec-hearing-and-potential-market-impact/" rel="noopener noreferrer nofollow">XRP’s Path Forward: RealUSD Launch, SEC Hearing, and Potential Market Impact</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP’s Path Forward: RealUSD Launch, SEC Hearing, and Potential Market Impact

Coin Edition

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