Should Ripple Community Celebrate Its Win? SEC Still Stands Chance To Appeal
Portfolio Pulse from Khyathi Dalal
In the ongoing lawsuit between Ripple (CRYPTO: XRP) and the U.S. Securities and Exchange Commission (SEC), lawyer Bill Morgan believes that the odds are in favor of Ripple, with only a 3%-14% chance of the SEC winning its appeal. The SEC recently dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chair Chris Larsen. The XRP token price is trading 2.6% higher at the time of writing, with a 6.6% surge reported over the past week.
October 23, 2023 | 6:48 pm
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POSITIVE IMPACT
The ongoing lawsuit between Ripple and the SEC has been favoring Ripple, with the SEC recently dropping all charges against Ripple's CEO and Executive Chair. This has positively impacted the price of XRP, which is up 2.6% and has surged 6.6% over the past week.
The ongoing lawsuit between Ripple and the SEC has been favoring Ripple, with the SEC recently dropping all charges against Ripple's CEO and Executive Chair. This has likely boosted investor confidence in Ripple and its XRP token, leading to an increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100