SBI Holdings Reveals What Suppressed XRP Price
Main Idea
SBI Holdings' document reveals that the SEC's lawsuit against Ripple suppressed XRP's price, but recent legal developments and settlements have led to a recovery in its valuation and removed obstacles to Ripple's IPO.
Key Points
1. The SEC filed a lawsuit against Ripple in December 2020, alleging unregistered securities offerings, which caused XRP's price to drop to $0.26.
2. A July 2023 court ruling clarified that XRP was not a security for most retail transactions, leading to a price increase to approximately $0.81.
3. By May 2025, Ripple and the SEC reached a settlement reducing the penalty from $125 million to $50 million, further boosting XRP's price to $2.31.
4. SBI Holdings noted that the prolonged legal dispute had delayed Ripple's IPO ambitions but is now concluding.
5. The document's claims are supported by a price chart showing XRP's fluctuations from April 2020 to May 2025, reflecting the impact of legal developments.
Description
Crypto researcher SMQKE recently shared an excerpt from an official document published by SBI Holdings, a prominent Japanese financial services company, referencing the legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. The document, reportedly included in SBI Holdings’ “2025 Information Meeting” presentation dated June 2, 2025, offers a detailed timeline of the legal proceedings that have influenced XRP’s market valuation over the past several years. Accord...
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