David Schwartz, chief technology officer of Ripple, discussed SEC officials' statements on social media following the long-lasting legal battle's conclusion.
Reaction to SEC Statements
Schwartz posted a GIF from the sketch 'Salad Days' from 'Monty Python's Flying Circus,' which first aired in 1969. In this episode, the character Lionel cheerfully greets a group of youngsters, proclaiming, 'What a simply super day.'
Closure of the Ripple Case
Last week, it was announced that the legal battle between Ripple and the SEC is officially over. SEC Chair Paul Atkins and Commissioner Hester Peirce noted that the agency can now focus on creating a clear regulatory framework for XRP. Stuart Alderoty, chief legal officer at Ripple, thanked Chairman Atkins for moving America towards clearer rules.
XRP Price Dynamics
Despite the optimistic comments from SEC officials, XRP's price has dropped by 4%, which came as a surprise for many users. XRP previously surged significantly following the news of the SEC case's conclusion, but this increase turned out to be short-lived, and the current price is $3.15 according to CoinGecko.
The closure of the Ripple case has been a significant event, yet the fluctuations in XRP's price continue to raise questions for investors.
