Ripplesecurities lawsuit filed against since the end of 2020 XRPand this effect still continues.
The lawsuit, in which XRP is alleged to be a security, seems to be coming to an end.
Ripple, on the other hand, definitely continues to attract attention with every step it takes during the lawsuit. Ripple recently announced that the company has made a share buyback.
Ripple Launches Share Buyback
The company has launched a share repurchase campaign for the company and accredited investors who bought Ripple shares through its Series C investment round.
Among the companies in question, which sued Ripple last year tetragon is also included. Ripple previously reached a valuation of $10 billion with this latest funding.
Ripple is now devaluing the company with its new buyback. 15 billion dollars stressed out. In the statement made by Ripple, it was stated that this actually shows Ripple’s strong position in the current market and global economy world.
The company stated that especially the transactions on RippleNet doubled in 2021 and the company earned income from it. In addition steam and Palau Partnerships were also established with important countries such as
By making such a share buyback, Ripple actually gives an important clue to the investors, after it is thought that the case is only months away from the conclusion of the case.
Famous crypto analyst Hsaka said in a statement on the subject that Ripple is one of the most confusing crypto companies. Hsaka, on the other hand, is definitely notable for emphasizing that things will get out of hand once Ripple wins the SEC case.
Ripple continues to be one of the most puzzling crypto side arcs.
Gonna be wild when they win the SEC case. https://t.co/Fe45HvwLVc
— Hsaka (@HsakaTrades) January 25, 2022