This week, several significant developments related to XRP and Ripple have occurred in the cryptocurrency world. From the statement of US crypto czar David Sacks to the ongoing lawsuit with the SEC – let's delve into the key points.
A New Phase for US Crypto Regulation
David Sacks, appointed by President Donald Trump as crypto czar, stated in a press conference on Tuesday that his top priority is the development of stablecoin legislation. Expected regulatory changes could facilitate XRP's recovery after a 7% decline this week.
Prospects for Ripple Lawsuit Conclusion
The lawsuit between Ripple and the SEC, initiated in 2020, is moving towards a conclusion. Recent changes in the SEC's composition and a positive outlook from Ripple's Chief Technology Officer Stuart Alderoty bring hope for a favorable outcome.
Analysis of Ripple's On-chain Metrics
Data from Ripple's blockchain show that metrics like XRP's funding remain stable. Activity of addresses and the number of token holders continue to grow, supporting a positive outlook on the asset's future development.
The situation surrounding Ripple and XRP continues to evolve. The influence of external factors, such as regulatory changes and legal proceedings, may significantly impact the digital asset's future trajectory.
