{"id":133575,"date":"2024-07-20T21:00:09","date_gmt":"2024-07-20T18:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133575"},"modified":"2024-07-20T20:38:45","modified_gmt":"2024-07-20T17:38:45","slug":"sec-vs-ripple-lawsuit-nearing-its-end-xrp-price-is-booming","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-vs-ripple-lawsuit-nearing-its-end-xrp-price-is-booming\/","title":{"rendered":"SEC vs. Ripple Lawsuit Nearing its End &#8211; XRP Price is Booming"},"content":{"rendered":"<p>Ripple CEO Brad Garlinghouse hinted in a <strong><a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-07-17\/ripple-labs-ceo-says-sec-s-gensler-is-at-war-with-crypto-video\" rel=\"nofollow\">Bloomberg<\/a><\/strong> interview that a resolution could be imminent, although he didn\u2019t confirm ongoing settlement talks.<\/p>\n[reeadmore id=\u201d133572\u2033]\n<p>Chief legal officer Stuart Alderoty <strong><a href=\"https:\/\/x.com\/s_alderoty\/status\/1811868845990126026\" rel=\"nofollow\">highlighted<\/a><\/strong> the one-year mark of Judge Analisa Torres\u2019s ruling, which declared <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong> not a security\u2014a decision the SEC has not contested.<\/p>\n<p>Santiment, a blockchain analytics platform, reported a significant rise in activity on Ripple\u2019s XRP Ledger, with user and new address numbers reaching their highest since March.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">XRP Ledger is seeing a substantial amount of both new addresses created and total addresses interacting on the network. Both are at their highest levels since March. <a href=\"https:\/\/t.co\/AIeWzwannc\" rel=\"nofollow\">pic.twitter.com\/AIeWzwannc<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1814045463261417484?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Speculation arose about a potential settlement announcement from an SEC meeting scheduled for last week, but the meeting has been postponed to July 25. The agenda includes \u201cInstitution and settlement of administrative proceedings\u201d and \u201cresolution of litigation claims.\u201d<\/p>\n<p>XRP\u2019s value, which dropped to $0.42 on July 7, has surged by 40% in recent weeks, now trading around $0.59.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent developments suggest Ripple&#8217;s long-standing legal battle with the SEC may soon be resolved, boosting the value of its XRP token and increasing network activity.<\/p>\n","protected":false},"author":3,"featured_media":132600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[223],"coin_category":[],"class_list":["post-133575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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