ripple and sec closes lengthy legal dispute: XRP receives new scope for growth and future plans

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ripple and the Sec: A turning point in the legal dispute at XRP

After more than four years of intensive legal disputes between Ripple and the US stock exchange supervision SEC, there is finally a solution. Both parties have withdrawn their appeals and were able to agree on the essential details of a comparison. Stuart Alderoty, the chief lawyer of Ripple, announced on the X platform that the lengthy process that has been conducted since the end of 2020 has come to an end.

key points of the unification

The agreement brings with it significant changes for Ripple and the XRP cryptocurrency. According to Alderoty, the SEC has agreed to ask the competent court to announce the injunction issued in August 2023. Ripple had banned the sale of XRP to institutional investors and thus represented a major obstacle to the future plans of the company.

The next steps now lie with the SEC, which will be discussed internally about the further procedure to take the necessary legal steps for recognizing the comparison.

reactions from the professional world

Legal success is positively received by the professional world. John Deaton, a specialist lawyer, commented on the X platform that the lengthy legal uncertainties for Ripple and XRP seem to have been overcome. His colleague James Murphy, also an expert in this area, pointed out that Ripple had to work hard in the negotiations to achieve a positive result for himself and XRP.

The reaction of the market to news was behavior. XRP recorded a daily plan of almost two percent and now lists at around $ 2.45. This is a sign that the crypto community is waiting for the agreement to implement possible price gains in the future. For comparison: On the election day of Donald Trump, XRP was still around $ 0.50 and then started an impressive rally that Ripple and XRP benefited to a high degree.

Outlook: Who does the agreement benefit?

The agreement between Ripple and the SEC could have a positive effect on the future business activities of Ripple in the USA. Before the legal dispute, XRP was excluded from the trade by leading crypto bonds in the USA and Canada, but was listed again in the summer of 2023 after Ripple had won a first part in court. Until then, the SEC had severely hindered Ripple's growth in the USA. Now Ripple will increasingly appear as a financial service provider and could thus win US customers again.

XRP itself is one of the promising old coins that hope for an early illustration as an ETF. This hope was slowed down by the legal dispute with the Sec for a long time. The historical all-time high of XRP is 3.40 US dollars from January 2018 and could now spur it on the search for new application cases, especially in the area of ​​decentralized finances (Defi).

FAZIT

The agreement between Ripple and the SEC represents a turning point for XRP. With the termination of the legal uncertainties and the perspective of a positive market environment, XRP could be able to develop both in the price segment and in use.