The SEC and Ripple remain silent on settlement negotiations as the deadline of November 9 draws near, while Ripple advances in the field of digital assets.
The Monday Synopsis
The gain on XRP was 3.96% on Monday. After rising 2.02% on Sunday, XRP closed at $0.5781.
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Is There Any Good News?
There were no changes pertaining to the SEC v. Ripple case for the XRP community to take note of on Monday. Investors were forced to guess on the probable progress towards remedies in relation to the outstanding charges due to the absence of judicial activity.
XRP Latest: SEC’s Eye on $770 Million and Dubai’s Healthcare Leap,XRP Latest: SEC’s Eye on $770 Million and Dubai’s Healthcare Leap
A tantalising $770 million fine is being threatened by the SEC for the unauthorised sales of XRP to institutional investors. On the other hand, recent discussions on X (previously Twitter) brought to light dubious ethical behaviour.
Negotiations may come down to the wire, given Ripple CEO Brad Garlinghouse’s response to a recent interview with former SEC Chair Jay Clayton.
Documents pertaining to Bill Hinman’s speech and the SEC’s intention to appeal the Programmatic Sales decision might serve as focal points.
It’s possible that investors disregarded negotiations behind closed doors. But the Hinman documents could be strong enough to compel the SEC to agree to a settlement that bars appeals of case-related decisions. Even if it is improbable, Ripple may consent to a fine of more than $770 million in order to spare the SEC’s blushes.
For XRP and the market as a whole, settlement provisions that prohibit the SEC from appealing would be advantageous.
Judge Analisa Torres gave both sides until November 9 to provide a briefing schedule outlining the remedies for Ripple’s outstanding allegations. The SEC and Ripple have not provided any information regarding the progress of settlement negotiations since the court ruling.
Ripple and XRP Ledger are continuing to dismantle obstacles in the digital asset industry, even if the SEC v. Ripple lawsuit continues to take centre stage.
XRP Healthcare Expands Into the Middle East and Dubai
News of XRP Healthcare’s entry into Dubai and the Middle East broke on Monday.
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The first pharmaceutical and healthcare platform on the XRP Ledger is called XRP Healthcare. Kain Roomes, the founder of XRP Healthcare, stated,
By utilising blockchain technology, XRP Healthcare is able to revolutionise healthcare services and make them more efficient and accessible for everybody. XRP Healthcare has a noteworthy 48-month plan that includes an IPO or conglomerate acquisition scheduled for 2027.
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