Ripple Labs Statement by President Monica Long and SEC The phrases that he will win his case caused the local token XRP to rise quite a lot in the days.
Speaking on a CNBC television show today, Monica Long compared the US and Europe on crypto regulation. The Ripple executive emphasized that, unlike the SEC, MiCA offers clear guidelines. Long stated that they expect a decisive victory for the ongoing legal process with the SEC.
Will Voyager Decision Set a Precedent for XRP?
A development in the bankrupt crypto startup Voyager gave Ripple investors hope. Binance exchange had made an attempt to buy the US-based sunken company. The SEC, on the other hand, rejected the crypto exchange’s offer on the grounds that it is an “unregistered securities company.”
The judge handling the bankruptcy case overturned the SEC’s decision. Michael Wiles noted that the Securities and Exchange Commission must come up with evidence.
After this process in the Voyager case, positive developments took place in XRP’s own legal battle. District Judge Analisa Torres fired Patrick Doody, whom the SEC appointed as the expert witness for the defense.
XRP Analysis
Ripple’s native token XRP It gained 25% in the past day and broke the $0.43 resistance. Facing a natural correction today, Ripple seems to have turned the old resistance level into support for now.
XRP, which is currently at $ 0.435, can continue on its way up to $ 0.55 if it does not fall below the support level.
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