Just a few months have passed since the highly publicised Judge Torres’ decision partially cleared Ripple of the charges the SEC had brought against it. However, Ripple just scored another historic win when the SEC’s attempt to file an interlocutory appeal in the XRP lawsuit was denied.
The aforementioned development in the SEC vs. Ripple case implies that the regulatory body is almost certain to lose the legal struggle with Ripple, which might inevitably affect other cryptocurrency platforms that the commission may be keeping an eye on.
Could XRP Rally Soon? Ripple’s SEC Victory Draws Attention,Could XRP Rally Soon? Ripple’s SEC Victory Draws Attention
On the other side, XRP ought to be prepared for a possible rise in market valuation, similar to the consequence of Judge Torres’s decision in July. Additionally, the digital asset will draw in additional investors as confidence in the cryptocurrency initiative has grown after the recent court ruling.
XRP Lawsuit Denies Partnership Deals
Paul Zalai, Australia’s director of Free Trade Agreements (FTA), said in an interview that Ripple had previously taken the lead in forming partnerships with significant players in the banking sector.
The director stated that Ripple has met to discuss its products with the representatives of the indicated organisations, particularly financial companies.
However, most of the talks came to an end because of the lengthy legal struggle, as none of these financial companies would want to be on the SEC’s blacklist for violating regulations. XRP’s downward price swings were caused by these and a number of other causes, even though it had shown signs of potential in prior years.
XRP Surge Seems Certain
As anticipated, XRP usage is about to soar, as a number of financial outlets have expressed interest in continuing talks with the now-cleared crypto business over possible cooperation partnerships.
According to recent revelations from blockchain researcher and cryptocurrency enthusiast Collin Brown, the majority of banks have shown a willingness to work with Ripple to transform cross-border payments, with XRP serving as the central component of the integration.
Could XRP Rally Soon? Ripple’s SEC Victory Draws Attention,Could XRP Rally Soon? Ripple’s SEC Victory Draws Attention,Could XRP Rally Soon? Ripple’s SEC Victory Draws Attention