Ripple’s Legal Hurdle Ends and XRP Surges Amid New Prospects
Main Idea
Ripple's legal battle with the SEC concludes, leading to a surge in XRP's price and renewed business focus, while speculation about a potential XRP ETF by BlackRock emerges.
Key Points
1. Ripple's Chief Legal Officer announced the company is refocusing on business pursuits after the legal clash with the SEC involving CEO Brad Garlinghouse and co-founder Chris Larsen.
2. XRP's price surged over 24% from a local low of $2.72 on August 3rd, driven by strong demand from South Korean investors.
3. Market analysts speculate that BlackRock may submit an XRP ETF application following the SEC's appeal withdrawal.
4. The legal proceedings took place under U.S. jurisdiction, notably within the Second Circuit Court of Appeals.
5. The community had anticipated the SEC’s appeal, which was jointly dismissed, leading to legal closure between the SEC and Ripple.
Description
The SEC-Ripple legal battle ended with mutual appeal withdrawals. XRP's price soared following the resolution of the legal dispute. Continue Reading: Ripple’s Legal Hurdle Ends and XRP Surges Amid New Prospects The post Ripple’s Legal Hurdle Ends and XRP Surges Amid New Prospects appeared first on COINTURK NEWS .
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