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XRP’s Battle with the SEC Might Come to an End by March 2023

Gaurav Roy by Gaurav Roy
May 1, 2022
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NEW YORK, United States – Things are looking up for Ripple Labs as concrete deadlines are being drawn regarding the lawsuit that the Securities and Exchange Commission made last December 2020. Ripple had the upper hand last March 11th, but both Ripple and the SEC reached an agreement to have the case extended in terms of providing the final arguments. The expert challenges and summary judgment are due in August while closing briefs are set to happen in December of this year. With these dates in place, it is assumed that the case will reach its resolution by March of next year.

If you have been watching this case or have been owning XRP tokens yourself, you might relate to the back-and-forth swing of this crypto coin as it steers the “lawsuit ocean.” Ripple peaked in January, trading at $0.90, but things started to go south since then. It is now valued at around $0.68, which tends to go lower in the upcoming days as technical analysts forecast.

XRP's Battle with the SEC Might Come to an End by March 2023
A photo of several cryptocurrencies such as Bitcoin, Ripple, and others

Still, XRP holders are not losing hope, especially now that they start to see the light at the end of the tunnel. This ongoing battle with the SEC does not only benefit Ripple Labs, but it might also serve as a “voice” for other cryptocurrencies when being attacked by the SEC, especially when the SEC treats both Ethereum and Bitcoin as official securities but not the other coins such as XRP.

XRP's Battle with the SEC Might Come to an End by March 2023
A photo of a handwritten chart and pens and ruler

Experts believe that with the case nearing the end, it will do Ripple some good, especially in pulling the value up again and keeping momentum. Investors will be able to draw their plans on how to handle Ripple coins next year, which could also allow establishments and institutions to start using XRP in various payment transactions on a much larger scale.

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Gaurav Roy
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Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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