Ripple (XRP) Is At A Turning Point: How Will This Incident With The SEC Be Concluded?

The important event affecting all cryptocurrencies has now concluded. So, does Ripple stand a chance? Since the end of 2020, cryptocurrency markets have been watching the SEC’s protracted struggle with Ripple with bated breath. The issue should not have been as controversial and should have been resolved sooner. As a result, the SEC cannot demonstrate that it is obviously correct, and the regulator is not rushing to a decisive triumph. So, what’s the latest on the investigation? How long will it take to complete this process?

XRP is Surging on Hopes
Ripple’s cryptocurrency, XRP, is surging on hopes that it will win a major securities lawsuit against the SEC. The Securities and Exchange Commission (SEC) of the United States revealed in December 2020 that Ripple Labs Inc. and two of its executives had launched a complaint against the SEC. They alleged Ripple had broken federal securities laws. According to the SEC, Ripple launched an unregistered securities sale of $1.3 billion in XRP tokens in 2013.

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