The Ripple vs SEC case remains a hot topic in the crypto community. Recent statements about the process and changes in the XRP market highlight ongoing discussions.
Progress of the Ripple vs SEC Case
The case between Ripple and the SEC is ongoing, and former SEC lawyer Marc Fagel clarified that neither the SEC nor the judge are delaying the process. The parties have agreed to drop certain parts of the case, but legal procedures must still be followed. Fagel mentioned that this process typically takes one to two months and is standard in such situations.
XRP Price Analysis
Meanwhile, the price of XRP continues to rise. Over the past 19 days, the cryptocurrency has surged by an impressive 50%. In the past month, it has increased by about 29%, and over the last 24 hours, it has risen by 6%. As of the time of writing, XRP is trading around $2.93, with resistance seen at the $2.90 mark. If it breaks past $3, it could lead to new all-time highs.
Future of Cryptocurrency Regulation in the U.S.
At the same time, the upcoming U.S. Crypto Week 2025, set for July 14-17, raises hopes for clear regulations in the crypto sector. Lawmakers are poised to review three key bills: the CLARITY Act to define crypto assets, the GENIUS Act to create stablecoin rules, and the Anti-CBDC Act aimed at limiting central bank digital currencies.
The Ripple vs SEC case and XRP price dynamics continue to attract attention. The necessity for legal regulation in the crypto market is becoming increasingly pressing, reflecting the current state of affairs in the industry.
