The lawsuit between Ripple and the SEC is not just a legal dispute but also a strategy to control the XRP price and expand the global network.
Ripple is believed to have close ties with major global financial institutions, aiming to make XRP an international reserve currency to replace traditional payment systems.
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The legal dispute may be part of a plan to control the XRP price and build Ripple's global partnerships.
Ripple is closely linked to powerful financial groups such as central banks and the IMF.
The lawsuit is in its concluding stages with steps being taken to expedite the legal process.
How is the lawsuit between Ripple and the SEC progressing?
The lawsuit between Ripple and the SEC is currently in its final stages, with both sides awaiting the court's final decision on penalties and related issues. Ripple's decision to waive cross-appeal rights could expedite this process, according to Ripple CEO Brad Garlinghouse.
Brad Garlinghouse, CEO of Ripple, stated in 2024: "The decision to waive cross-appeal rights is an action aimed at minimizing the time that prolongs the lawsuit, allowing us to focus on product development and market expansion."
Brad Garlinghouse, CEO of Ripple, 3/2024
Is Ripple a regular cryptocurrency company?
Jesse, a cryptocurrency research expert with over 9,000 hours surveying the global financial system, asserts that Ripple is not like typical cryptocurrency companies. According to him, Ripple has close ties with powerful financial institutions such as central banks and the International Monetary Fund (IMF).
Ripple aims for a long-term strategic goal to make XRP a global reserve currency, replacing SWIFT and traditional payment systems. This indicates Ripple's ambition to be at the center of international payments.
"Leaders who have tried to change the global monetary system have faced severe consequences. But Ripple continues to thrive, proving they may be collaborating with the world’s top financial powers."
Jesse, Cryptocurrency Expert, Apex Crypto Consulting, 2024
What is the purpose of the Ripple lawsuit beyond legal issues?
According to Jesse's analysis, the lawsuit is used as a multi-purpose tool. One main goal is to keep the XRP price low to facilitate Ripple signing agreements with global financial institutions.
There is evidence that Ripple has signed hundreds of non-disclosure agreements (NDAs) and contracts with many industry partners, helping them build a global payment network while the XRP price has not surged. This creates a strategic advantage when the price could explode in the future.
Examples of partnership building strategy
Many sources say that Ripple has established relationships with central banks and major financial institutions through long-term agreements, helping the company stabilize and expand its network despite existing legal barriers.
What kind of relationship does Ripple have with powerful financial institutions?
Ripple is assessed to have close connections with influential international financial institutions, including the IMF and central banks. According to in-depth reports from international financial analysts in 2023, Ripple is aiming for strategic partnerships to establish XRP as the standard reserve currency.
This strategy positions Ripple at the center of the global financial ecosystem, extending influence beyond the typical cryptocurrency community.
Ripple (XRP) Criteria Other Cryptocurrency Companies Strategic Goals Becoming a global reserve currency, replacing SWIFT Developing technology, decentralized payments Relations with financial institutions Extensive cooperation with central banks, IMF Rarely having formal relationships with major financial institutions Legal Status Currently in litigation with the SEC, has a strategy to control XRP price Mostly unrelated to litigation with major regulators
Frequently Asked Questions
How does the Ripple and SEC lawsuit affect the price of XRP?
The lawsuit is seen as a tool to keep the XRP price low to serve Ripple's global cooperation and development strategy.Can Ripple become a global reserve currency?
Ripple aims to do this by linking with top financial institutions; however, it still depends on regulations and widespread global acceptance.What is the next step in the lawsuit?
The court is finalizing the final decision; Ripple's withdrawal of cross-appeal could accelerate the conclusion of the lawsuit in 2024.Who are Ripple's financial partners?
Ripple has signed hundreds of NDA agreements with many central banks and major financial institutions worldwide.Could the lawsuit have long-term negative effects on Ripple?
Currently, Ripple continues to thrive, suggesting that the lawsuit has not caused significant harm and may even offer strategic benefits.
Source: https://tintucbitcoin.com/xrp-9-000-gio-phoi-bay-vu-kien/
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