The legal battle between Ripple and the SEC reaches a crucial phase. Rumors about Ripple possibly settling with XRP have been debunked as details of payments surface.
Is Ripple Ready to Make the Payment?
Marc Fagel, a former SEC official, stated that Ripple will not use XRP for settling its fines. Instead, cash has been allocated in an escrow account for compensation. This statement aims to dispel rumors within the XRP community.
Will XRP’s Value Stay Unsteady?
Despite a dip in XRP’s price by over 2%, the cryptocurrency later gained traction with a broader market surge, boosted by Donald Trump's announcement of a ceasefire between Iran and Israel.
XRP Community Expectations
The legal process awaits a crucial SEC filing expected in mid-August. The XRP community is eagerly anticipating Judge Analisa Torres's decision, which may dramatically alter the situation.
Legal and economic factors surrounding Ripple continue to draw interest. Expected rulings may clarify the situation and its impact on the cryptocurrency market.
