XRP holders have a new reason to smile after the SEC granted Ripple a critical waiver that could remove one of the last major roadblocks from its long-running legal fight with the regulator.
Notably, the waiver, which came as both Ripple and the U.S. SEC filed to drop their appeals, means the company can continue raising capital through certain private offerings without facing restrictions that would normally apply because of the standing court injunction.
XRP Investors Could Feel Happier: Grok Explains
As the public caught this new development, spotlighted by attorney John Deaton’s Crypto Law, market commentator CryptoInsightUK turned to xAI’s chatbot, Grok, to discuss what it means in simple terms
Grok explained that the SEC had rules in place limiting what Ripple could do with money following its lawsuit over XRP. According to the chatbot, the SEC’s latest action is like handing Ripple a “get out of jail free” card, allowing the company to raise money more easily.
