The ongoing Ripple-SEC case, which is a significant source of uncertainty in the cryptocurrency world, continues to witness significant developments. After favorable decisions for Ripple and its officials in July last year, there was a noticeable movement in the price of XRP, garnering attention from XRP supporters worldwide. Recently, Brad Garlinghouse, an official at the company, made a crucial statement regarding the future of the case.
The CEO of Ripple Labs, Brad Garlinghouse, a prominent figure in the cryptocurrency industry who is currently engaged in a personal battle with the SEC, stated that the SEC will ultimately lose its long-standing fight against cryptocurrencies. In an interview on the World Class podcast, Garlinghouse emphasized that the SEC’s anti-crypto stance and sanctions hold little significance.
During the podcast, Garlinghouse highlighted the following points:
– The SEC’s actions against Ripple and the crypto industry are largely meaningless.
– Cryptocurrencies are making definite progress, and even well-managed fiat currencies like the US dollar are losing their purchasing power over time.
In addition to Garlinghouse’s statements, the focus is also on XRP, which is at the center of the SEC case. XRP’s price seems to be experiencing a slight increase today.
As of now, XRP’s price has risen by 0.93%, reaching $0.5107. The market cap of XRP has also increased to $28.2 billion during this period.
XRP’s 24-hour trading volume is just under $1 billion, following a 162% surge in the last 24 hours. This increase, combined with the price rise, indicates growing investor interest in XRP.
It is important to note that any positive news regarding the SEC case later this year could have a greater impact on the price. It is worth recalling that even an interim decision last July-August almost pushed XRP to nearly $1.
Please note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
