$XRP The Ripple (XRP) cryptocurrency is one of the most controversial and interesting digital currencies in the crypto world. It is not just a currency but part of a global payment system called 'RippleNet' designed to facilitate international financial transfers quickly and at a low cost.
Key Events:
The legal case with the U.S. Securities and Exchange Commission (SEC): In December 2020, the SEC filed a lawsuit against Ripple, accusing it of selling XRP as unregistered securities. This case significantly impacted the currency's price and its trading on U.S. platforms.
Partial victory: In 2023, the court issued a preliminary ruling in favor of Ripple, considering that XRP sales on public exchanges are not 'securities.' This ruling was a major victory for the company, leading to a noticeable increase in the currency's price and its relisting on some platforms.
International partnerships: Despite the challenges, Ripple continues to forge partnerships with financial institutions and banks around the world to adopt its technology in money transfers#BinanceAlphaAlert #CPIWatch #BTCReclaims120K #BTCOvertakesAmazon #BTCOvertakesAmazon
