An overview of Ripple and XRP's future amidst potential easing of SEC pressure.
Potential Institutional Partnerships of Ripple
Vincent Van Code, a notable figure in technology, has noted that if the SEC withdraws its appeal, it could pave the way for many hidden institutional partnerships. Approximately 1,700 undisclosed agreements related to Ripple are already awaiting regulatory approval.
Legal Obstacles and Prospects for XRP
Despite the growing optimism within the community, it is essential not to rush into conclusions. Ripple still faces a imposed penalty of $125 million, and former SEC lawyer Marc Fagel emphasized that the mid-August update is procedural, not a settlement deadline.
Market Impact of XRP
With XRP’s current flatlining, some experts believe that significant changes may occur in the market. If the SEC backs off, this could define the next phase of crypto adoption, where XRP may play a pivotal role.
The upcoming steps of the SEC and their influence on Ripple and XRP could considerably change the landscape of the crypto market. Potential institutional partnerships and legal clarifications may lead to significant shifts in the sector.
