Ripple v. SEC: Ex-CFTC Lawyer Reveals True Meaning of XRP Ruling

Mike Selig, crypto and finreg lawyer and former official at the CFTC, took to Twitter to provide invaluable insights into the complexities surrounding the classification of XRP. In particular, he has illuminated the actual significance of the XRP ruling in the ongoing legal battle between Ripple and the SEC.

Timeline of Xrp

On July 30, 2023, Shannon Thorpe, a Business Support Manager at Wells Fargo, shared her unique perspective on the future of XRP, the digital asset used in the Ripple payment protocol. Her insights, which she shared on social media, have sparked a lively debate among the XRP community, often referred to as the “XRP Army”.

The US Securities and Exchange Commission (SEC) defies Judge Analisa Torres' ruling in the Ripple lawsuit that made programmatic sales to the public and distributions of XRP to Ripple employees as non-securities. Coinbase CLO Paul Grewal and XRP lawyers reacted to news that the SEC asked Coinbase to delist all crypto except Bitcoin before the

XRP has developed significantly since the recent court ruling in the high-profile case between Ripple and the US Securities Exchange Commission. The court declared that XRP is not a security, leading to a significant rally in its value.

Ripple is venturing in a new direction by collaborating with The Republic of Palau to pilot a USD-backed stablecoin on XRP Ledger. Ripple, the blockchain technology firm, and the Republic of Palau have teamed up for a groundbreaking stablecoin project.

In a recent statement, Wells Fargo's Treasury Management officer Shannon Thorp provided an eye-catching price prediction for XRP. The forward-thinking executive anticipates a potential surge in XRP's value to anywhere between $100 and $500 in the short term, specifically within the next 4 to 7 months.

Recently, there has been a surge in information regarding the Securities and Exchange Commission (SEC) and its internal operations, particularly in light of the judgment delivered in the Ripple Vs SEC case. Numerous analysts and crypto enthusiasts have brought attention to perceived flaws within the system and have raised questions about the SEC's internal practices.

Shannon Thorp, a Wells Fargo analyst recently took to Twitter to share her observations on the divided nature of the XRP Army and the contrasting approaches they take when predicting XRP's price. The Divided XRP Army The XRP Army, a passionate community of XRP enthusiasts, has been an influential force in promoting the cryptocurrency's use

Crypto News: Going by the recent court statements from the U.S. Securities and Exchange Commission (SEC), chances are that the agency could soon file for a request to appeal against the XRP lawsuit Summary Judgment soon. Already, the crypto market has been weighing on several options left before the US SEC if it wants to

Blockchain technology is continually reshaping the financial industry, offering promising transformations in transaction processing. Its potential is immense, as outlined in a recent report by digital payment network Ripple in collaboration with the United States Faster Payments Council (FPC).

The value of XRP rallied after the court declared the token was not a security in the high-profile case between Ripple and the Securities Exchange Commission (SEC). Since the gains, XRP has been unable to make significant progress toward the $1 mark, and market observers suggest the token might experience further drops before recovering.