Shocking News! Ripple Officially Announces: SEC Case Concluded, Future Growth in Sight!
Brad Garlinghouse officially announced in a Fox Business interview that with the appointment of the new SEC chairman, the long-standing dispute between Ripple and the SEC has finally come to an end! This significant development marks a new phase for XRP and the entire cryptocurrency market.
Ripple VS SEC: Historic Conclusion
Garlinghouse revealed that Ripple has set aside $125 million to address the SEC fines, but as the situation took a turn for the better, Ripple is successfully recovering most of the funds and interest!
The SEC has agreed to withdraw the appeal and lift the permanent injunction, completely eliminating this dark cloud!
A $50 million payment is still in progress, but reports suggest Ripple may pay this portion in XRP rather than USD! This has sparked a lot of speculation: Will XRP become part of the United States' digital asset reserves?
A New Chapter for the Crypto Market
Garlinghouse pointed out that the shift in the regulatory environment for cryptocurrencies, especially the change in the U.S. government's stance on cryptocurrencies, has given Ripple the opportunity to continue its expansion. Notably, Ripple's recent acquisition of Hidden Road for $2 billion is seen as one of the largest acquisitions in crypto history!
Behind all this is Ripple preparing for the next phase of explosive growth in the market after breaking free from the SEC's constraints.#bnb #sol #Dogecoin #PDA. #ADA! $BTC $ETH $XRP
