Ripple Announces New President As SEC Lawsuit Nears A Conclusion

Key Points: As the Securities and Exchange Commission's (SEC) case against the payments network nears its conclusion, Ripple Labs has appointed a new president. Monica Long, the company's senior vice president and general manager, will be promoted to president, according to a new company blog post.

Timeline of Xrp

Recently, Dr. Dritan Abazović, who has been the prime minister of Montenegro since 28 April 2022, reported on his meeting with two executives from FinTech firm Ripple. Montenegro is a small country in Southeastern Europe, which is a part of the Balkans.

Ripple Labs has announced a new president as the U.S. Securities and Exchange Commission's (SEC) lawsuit against the payments platform nears a conclusion. In a new company blog post, Ripple says that Monica Long, the firm's senior vice president and general manager, will be promoted to president.

CryptoLaw founder John Deaton believes that the final and most aggressive push to shut down crypto might soon be witnessed in the wake of the White House's statement on mitigating risks associated with cryptocurrencies.

XRP is the sixth-largest cryptocurrency by market capitalization and has been on a roller coaster ride in the past year. With its price going up and down, many investors are wondering what the XRP price prediction will be and if can it reach the $5 mark this year. 

Key Points: The chief technology officer of Ripple, David Schwartz, continues to believe that Satoshi Nakamoto, the person who created Bitcoin under the pseudonym, was more of a group than an individual. The debates began when Mr.

Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has expressed confidence in the SEC vs Ripple lawsuit being settled this year, noting that a final ruling might come before June 30.

On Thursday (26 January 2023), Jeremy Hogan, a partner at the American law firm Hogan & Hogan, who has been closely following and commenting on the U.S. SEC's lawsuit against Ripple, explained how the XRP Ledger (XRPL) could work with central bank digital currencies (CBDCs).

Investors' confidence in XRP is now in the hands of the crypto market as they wait for verdicts in the legal dispute between Ripple and the Securities and Exchange Commission (SEC).

Well-known crypto expert and investor Lark Davis has taken to Twitter to share that he is not going to buy XRP although he does hope that the token's issuer, Ripple, wins its case against the Securities and Exchange Commissions (SEC).

The Ripple vs SEC lawsuit is approaching its end and the possibility of producing a summary judgment emerges. In the meantime, the addresses with a huge amount of tokens, have again become active. This could be a positive indication of the incoming rally, probably the whales might have figured it out.