Ripple (XRP) News Today August 5th
Main Idea
The article discusses ongoing developments in Ripple's legal case with the SEC, the launch of its stablecoin RLUSD, and recent price volatility of XRP.
Key Points
1. The legal battle between Ripple and the SEC, which began in December 2020, remains unresolved, with the SEC initially seeking a $2 billion fine and later appealing a 2023 ruling that Ripple's secondary market sales were not securities offerings.
2. Ripple launched its stablecoin RLUSD in December, pegged 1:1 to the US dollar, with BNY Mellon as custodian and AMINA Bank as the first banking institution to support it directly.
3. XRP experienced significant price volatility, briefly dropping to $2.75 before recovering above $3, with analysts suggesting potential short-term pullbacks or bullish movements towards $3.65.
Description
Developments surrounding the case against the SEC, the advancement of RLUSD, and enhanced XRP price volatility – check out some of the latest news associated with Ripple and its native cryptocurrency. The Ripple/SEC Case Remains Ongoing The legal tussle between Ripple and the US Securities and Exchange Commission (SEC), which started in December 2020, still awaits its official conclusion . Back then, the regulator accused the company of breaching certain laws when selling XRP tokens and initiall...
Latest News
- Chainlink Connects Wall Street to Blockchain With Live US Equity and ETF Data2025-08-05 22:37:30
- Here’s How Base Is Crushing Solana in Daily Token Launches2025-08-05 20:51:39
- End-of-July Bitcoin Dip Explained: What Triggered It? (CryptoQuant)2025-08-05 19:10:36
- BNB Defies Selloffs, Stays Within 30% of All-Time High2025-08-05 18:12:02
- Altseason on Hold? Altcoins Decline as Bitcoin Falls Below Local Support (Bitfinex)2025-08-05 17:38:33