Ripple has reached a settlement with the SEC, potentially impacting XRP's legal status and market operations.
Closing SEC Case with $50 Million Settlement
Ripple and the SEC have been in a legal dispute over XRP's regulation as a security. The lawsuit began in December 2020 and targeted the sale of unregistered securities. With this settlement, Ripple resolves a significant legal hurdle.
XRP Trades at $2.45 Amid Settlement News
The settlement may strengthen Ripple's market position and boost XRP usage. Latest statistics indicate XRP holds a price of $2.45 with a trading volume of $2.79 billion and a market cap dominance of 4.95%. XRP's price decreased by 0.51% in the last day while increasing 8.60% over the week.
Experts Warn on Changes Post-Settlement
Past cases involving cryptocurrency securities have had mixed outcomes. Some experts suggest SEC actions have a lasting impact on asset prices. Experts propose that future SEC measures may depend on Ripple's compliance with regulatory frameworks.
The Ripple-SEC settlement may influence future regulatory expectations in the cryptocurrency industry, creating potential changes in future regulations.
