Ripple CEO Can't Help Taking A Jab At Gary Gensler While Visiting SEC's Washington HQ: 'Did Not Invite Us In'
Portfolio Pulse from Mehab Qureshi
Ripple CEO, Brad Garlinghouse, took a jab at SEC Chair Gary Gensler through a tweet while visiting the SEC's Washington HQ. This follows the ongoing legal battle between the SEC and Ripple Labs, where the SEC is appealing a judge's ruling that favored Ripple. Ripple has already spent over $100 million on the legal battle. Bitcoin (CRYPTO: BTC) was trading at $27,134.14, up 1.14% in the last 24 hours.
September 20, 2023 | 4:24 am
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NEGATIVE IMPACT
Ripple is in an ongoing legal battle with the SEC, which has already cost the company over $100 million.
The ongoing legal battle with the SEC is a significant risk for Ripple. The company has already spent over $100 million on the lawsuit, which could impact its financial stability and the value of XRP.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Bitcoin was trading at $27,134.14, up 1.14% in the last 24 hours.
The news does not directly impact Bitcoin, but the overall sentiment in the crypto market could influence its price. The ongoing legal battle between Ripple and the SEC could also indirectly affect the perception of regulatory risk in the crypto market.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50