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Battle Between XRP and the SEC Still Continues Until End of Year

Gaurav Roy by Gaurav Roy
April 25, 2022
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BENGALURU, Karnataka – The ongoing battle between XRP and the Securities and Exchange Commission is still far from reaching an absolute or agreeable resolution. The case started in December 2020. The SEC is still making its signature move in this case: delaying tactics.

This time, though, Ripple, the SEC, and individual defendants Brad Garlinghouse and Christ Larsen agreed to this motion for reconsideration. The agreement stated that it would include summary judgment for excluding testimonies from experts, and it should be filed on or before the 2nd of August of this year. Closing briefs are also scheduled to be held by the 22nd of December this year.

Battle Between XRP and the SEC Still Continues Until End of Year
Multiple crypto coins and a phone showing the performance of some crypto coins

If you are an XRP holder, you might relate to other buyers suffering great losses due to this ongoing case, but it’s very unlikely that Ripple will be backing down from this fight. If the two parties are to reach any resolution, surely, it will not be within this year. Hopefully, by 2023, there will be progress in this lawsuit.

Stuart Alderoty, Ripple’s General Counsel, has taken Twitter his gratitude to all the people who have seen and are continuing to see this case. He also assured the holders that Ripple is pushing against all currents to resolve this case even if the SEC continues to use delaying tactics.

Battle Between XRP and the SEC Still Continues Until End of Year
A Ripple (XRP) coin and an RJ45 end together with a black background

A partner from Hogan and Hogan Law firm, Attorney Jeremy Hogan, expressed dismay at this case’s delays and scheduling order. He said that Ripple’s case could be likened to LBRY’s. The Securities and Exchange Commission also sued LBRY for breaking the laws. Regardless, Ripple has again suffered another loss as it is now trading around $0.71, which is a major 3% correction.

According to James Filan, agreeing to extend the case again might be a smart move by XRP, as it will allow it to be more deliberate in the action that it will take than if it pushed through the case in the past.

gaurav roy xrp news | XRP & Ripple News
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 and the SEC Both File for Extension Until December of 2022

XRP and the SEC Both File for Extension Until December of 2022

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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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