The Ripple vs. SEC case has reached a crucial stage, and new rumors about potential compensation from the company are surfacing. Let's review the latest developments.
Ripple's Fine Payment: Rumors and Reality
In recent days, rumors have circulated in the media that Ripple might pay its SEC fine using XRP coins due to their falling price on the X platform. However, former SEC official Marc Fagel dismissed these rumors, stating that Ripple would not use XRP for payment, and that the funds are already secured in an escrow account.
XRP Price Volatility and the Cryptocurrency Market
During this wave of rumors, the price of XRP dropped by over 2%, but then rebounded amid a general rise in the cryptocurrency market triggered by President Donald Trump's announcement of a ceasefire agreement between Iran and Israel. While Bitcoin reached around $106,000 with nearly a 3% increase, XRP appreciated by around 6% over 24 hours.
The Future of the Ripple and SEC Case
Lawyer Bill Morgan clarified that rumors of the case extending to late 2026 lack a basis. He noted that the most likely outcome involves accepting a summary judgment and paying fines. The court proceedings are now awaiting an essential SEC filing due in mid-August.
The Ripple vs. SEC case continues, and the XRP community eagerly awaits the outcome. Future court decisions could significantly impact the cryptocurrency market.
