The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) continues to make Waves in the crypto space. The SEC sued Ripple in 2020, claiming that the sale of its native token XRP constituted a breach of securities laws. However, in mid-July, Ripple scored a partial victory when a US Judge ruled that the sale of XRP did not count as an offer of Investment contracts. This ruling gave Ripple a significant advantage in the case.
Despite this initial win, the SEC appealed the decision last month. Chairman Gary Gensler recently participated in a congressional testimony but did not provide any specific details about the case. Ripple has invested significant funds in the legal battle and has hired top professionals, such as Rahul Mukhi and Lauren Belive, to represent the organization and CEO Brad Garlinghouse.
Meanwhile, XRP has seen a surge in price in recent days, reaching the $0.50 milestone on September 29. This increase is attributed to the overall revival of the cryptocurrency Market and speculation about Ripple potentially filing for an initial public offering (IPO) or reaching a settlement with the SEC. However, Ripple did not confirm these speculations, and XRP’s price dropped to around $0.52.
Shiba Inu, a popular memecoin often referred to as the “Dogecoin killer,” has also been in the headlines recently. Chariot Energy, an energy company based in Houston, Texas, now allows clients to pay their solar panel bills using various digital assets, including SHIB. Additionally, HSBC, a British banking giant, has enabled customers to settle mortgage bills and loans using Shiba Inu. Honda, the Japanese automobile manufacturer, has also added SHIB as a payment option.
Furthermore, Shiba Inu has implemented a burning program to reduce its circulating supply and make the asset more scarce and valuable over time. On September 28, the burning rate increased by almost 1,000%, resulting in a significant number of Tokens being removed from circulation.
In summary, the legal battle between Ripple and the SEC remains ongoing, with Ripple securing a partial victory in July. XRP has experienced a surge in price, while Shiba Inu has made advancements in terms of adoption and token burning. Both Ripple and Shiba Inu continue to be topics of interest and speculation in the cryptocurrency market..
#Bitcoin #Price #Predictions #Ripple #XRP #Developments #SHIB #Adoption #Bits #Recap #Oct #2nd
Despite this initial win, the SEC appealed the decision last month. Chairman Gary Gensler recently participated in a congressional testimony but did not provide any specific details about the case. Ripple has invested significant funds in the legal battle and has hired top professionals, such as Rahul Mukhi and Lauren Belive, to represent the organization and CEO Brad Garlinghouse.
Meanwhile, XRP has seen a surge in price in recent days, reaching the $0.50 milestone on September 29. This increase is attributed to the overall revival of the cryptocurrency Market and speculation about Ripple potentially filing for an initial public offering (IPO) or reaching a settlement with the SEC. However, Ripple did not confirm these speculations, and XRP’s price dropped to around $0.52.
Shiba Inu, a popular memecoin often referred to as the “Dogecoin killer,” has also been in the headlines recently. Chariot Energy, an energy company based in Houston, Texas, now allows clients to pay their solar panel bills using various digital assets, including SHIB. Additionally, HSBC, a British banking giant, has enabled customers to settle mortgage bills and loans using Shiba Inu. Honda, the Japanese automobile manufacturer, has also added SHIB as a payment option.
Furthermore, Shiba Inu has implemented a burning program to reduce its circulating supply and make the asset more scarce and valuable over time. On September 28, the burning rate increased by almost 1,000%, resulting in a significant number of Tokens being removed from circulation.
In summary, the legal battle between Ripple and the SEC remains ongoing, with Ripple securing a partial victory in July. XRP has experienced a surge in price, while Shiba Inu has made advancements in terms of adoption and token burning. Both Ripple and Shiba Inu continue to be topics of interest and speculation in the cryptocurrency market..
#Bitcoin #Price #Predictions #Ripple #XRP #Developments #SHIB #Adoption #Bits #Recap #Oct #2nd
