New Development on Ripple Side: Price Started to Recover, Here’s Why

0

Ripple Although the court battle between the SEC and the SEC is not yet officially over, the blockchain company has decided to throw a party to commemorate the (partial) legal victory achieved on July 13.

‘The Proper Party’, which will celebrate Judge Analisa Torres’ decision that retail XRP sales do not constitute the sale of securities, will be held in New York on September 29, and there is already great interest on a special website for party registrations launched by Ripple. gathered.

Participation in Ripple’s ‘The Proper Party’, where the RVSP window is closed at the time of writing, requires a valid government-issued ID card and only individuals aged 21 and over are accepted.

Affordable Lot and Potential Price

Koinfinans.com Meanwhile, as we reported, some cryptocurrency experts see this event as a potential trigger for the XRP price increase. Among them is crypto analyst Cryptoinsightuk, who believes the upcoming party is one of two possible catalysts for XRP, in addition to the possible final outcome of the court case with the SEC.

Indeed, the price of XRP soared shortly after The Proper Party’s initial announcement. However, Wall Street veteran Linda P. Jones pointed out that although it was a celebration of the XRP community’s legal victory, the event was not primarily about XRP.

Meanwhile, the blockchain company’s defense has grown with attorney Rahul Mukhi of Cleary Gottlieb Steen & Hamilton LLP filing the appeal on behalf of Ripple CEO Brad Garlinghouse, according to the document shared by attorney James K. Filan on Sept. 25.

More recently, legal expert and popular commentator on the SEC case, John E. Deaton, published a blog post on the website CryptoLaw, criticizing the SEC’s actions during the case, including the provisional appeal, as “desperate tactics by a regulator who lost the case.” .

XRP, which is currently at the center of the ongoing court battle, was trading at $0.50887 at press time, up 2.01% in the last 24 hours, but down 0.4% in the previous seven days as of September 29. and recorded a decrease of 4.39% on its monthly chart.


source site-7