XRP Ruling in SEC's Ripple Lawsuit Means Congressional Legislation Is the Only Solution, Says Two US Lawmakers

The recent ruling in the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple indicates Congressional legislation is necessary for the crypto space, according to two American lawmakers. In a new op-ed in The Hill, US Representatives Dusty Johnson (R-S.D.) and French Hill (R-Ark.

Timeline of Xrp

Crypto News: Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler on Thursday dodged the questions around the agency's next step in response to judge Analisa Torres' Summary Judgment in favor of Ripple in the XRP Vs SEC lawsuit. He was asked if the SEC would go ahead and appeal the ruling during

XRP holder's lawyer, John Deaton has revealed one of the most important things he loved about the community members he represents in the yet-to-be-concluded legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC). The Deaton Perception of XRP Holders According to Deaton, the 75,000 XRP holders are a mix of

XRP is on a defined bullish rampage, perhaps not just in its price, but in different aspects that depict the protocol's growth. According to a prominent member of the XRP community on Twitter, @xspectDS, XRP has seen a massive surge in the total number of wallet addresses, with up to one million XRP tokens as a balance.

XRP, alongside Solana (SOL) and Stellar (XLM), has seen significant inflows in its assets under management (AUM), according to the latest CryptoCompare report. Investors have since the Ripple ruling, which deemed XRP not a security in secondary sales, like those on exchanges like Coinbase and Binance, focused less on Bitcoin (BTC) while concentrating on altcoins.

David Schwartz, chief technology officer at Ripple Labs, has launched a joking survey on Twitter. He wanted to pick his followers' brains about who would be the most popular person in “a fair and just world” and have more Twitter followers.

The cryptocurrency industry has been plunged into a heated dispute over the recent court ruling on Ripple (XRP), one of the top digital assets in the cryptocurrency market. The catalyst for the uproar was none other than U.S. Congressman Brad Sherman, a well-known advocate for the U.S. Securities and Exchange Commission (SEC).

In a Twitter thread dated 18 August 2022, Chad Steingraber, a known figure in the XRP community, presented an intriguing thought experiment about the future of XRP. His theory explores the idea of XRP becoming a reserve asset, similar to gold, for banks and institutional liquidity providers.

Following its significant legal victory against the SEC, Ripple is forging ahead with new partnerships, and the latest addition to its roster is Palau, an island country in the Pacific. As reported by The Block, the Palau government has teamed up with Ripple to pilot a stablecoin backed by the US dollar.

In a recent development that promises to simplify the financial landscape for multinational corporations, Corpay, a partner of Ripple, has launched an innovative internal invoicing solution called the Netting Manager. This advanced system looks to streamline and automate the settlement of internal invoices for businesses operating globally.

Stuart Alderoty, the legal chief at Ripple, remains unfazed by concerns surrounding a potential appeal by the U.S. Securities and Exchange Commission (SEC) to the recent historic XRP ruling.