Ripple CEO Ready To Fight SEC In Supreme Court: 'We'd Love To See The Vegas Odds'
Portfolio Pulse from Murtuza Merchant
Ripple (XRP) is ready to take its legal battle with the Securities and Exchange Commission (SEC) to the Supreme Court. The SEC and Ripple have been in a legal dispute since 2020 over whether the XRP digital token should be registered as a security. The SEC recently requested the judge to drop parts of its litigation directly against Ripple co-founder Christian Larsen and CEO Brad Garlinghouse. The SEC is also involved in litigation with other crypto giants, including Coinbase Global Inc. (COIN).
November 09, 2023 | 9:15 pm
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Coinbase Global Inc. is also involved in high-stakes litigation with the SEC, which could potentially impact its stock price.
The ongoing litigation with the SEC creates uncertainty around the future of Coinbase, which could potentially lead to stock price volatility.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
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The collapse of FTX (FTT) and other crypto companies in 2022 could potentially impact the price of FTT in the short term.
The collapse of FTX and other crypto companies creates uncertainty around the future of FTT, which could potentially lead to price volatility.
CONFIDENCE 70
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Ripple's ongoing legal battle with the SEC could potentially impact the price of XRP in the short term.
The ongoing legal battle with the SEC creates uncertainty around the future of XRP, which could potentially lead to price volatility.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100