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Ripple’s settlement with the SEC could trigger an XRP price surge, and shine a spotlight on rising cross-border payment tokens like Remittix.
Table of Contents
SEC confirms XRP settlement agreement
XRP forecast: Expert predicts a rally towards $5
How XRP judgment will affect Remittix
Conclusion: Two payment tokens, one bullish future
Ripple’s prolonged battle with the Security and Exchanges Commission (SEC) is drawing to a close. The regulatory agency recently confirmed that it has reached a settlement with the blockchain company, a development that sent the crypto world into a frenzy.
The general feeling is that the XRP price is about to go on an explosive rally. But how high will it go? And more importantly, how will this judgment affect upcoming cross-border payment solutions like Remittix (RTX)? Read on to find out.
SEC confirms XRP settlement agreement
On the May 9, the SEC confirmed that its case with Ripple has been settled. In a letter to Analisa Torres, a United States District Court Judge for the Southern District of New York (SDNY), the SEC conveyed its position and also revealed that Ripple’s previous $125 million fine had been reduced to $50 million.
