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Ripple CEO says the SEC will drop its appeal, XRP price reacts higher
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Ripple CEO says the SEC will drop its appeal, XRP price reacts higher

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Ripple CEO Brad Garlinghouse says the SEC case against the XRP creator is over,with the news catapulting XRP price 12% on Wednesday
The article from CoinJournal discusses Ripple CEO Brad Garlinghouse's comments on the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Garlinghouse expressed confidence that the SEC would drop its appeal against the court's ruling that XRP is not a security. This statement was made during a speech at the Dubai Fintech Summit. Following his remarks, the price of XRP saw a positive reaction, increasing by 6% to reach $0.53. The optimism stems from a July 2023 court decision which stated that XRP does not qualify as a security, a ruling that Ripple believes will stand, potentially ending the SEC's case against them. This development has led to a surge in XRP's market value, reflecting investor confidence in Ripple's legal position.

Read the Full CoinJournal Article at:
[ https://coinjournal.net/news/ripple-ceo-says-the-sec-will-drop-its-appeal-xrp-price-reacts-higher/ ]