XRP's price has recently surged nearly 7% to $0.61. Amid optimism surrounding potential regulatory clarity and market movements, ongoing lawsuits present uncertainties.
Why Ripple Is Cautious About Promotion
XRP lawyer Bill Morgan explained that Ripple is unlikely to actively promote XRP due to the ongoing legal battle with the SEC, which imposes strict limits on the company's actions. Morgan noted that past sales of XRP to retail investors were not considered investment contracts as Ripple did not actively market the token.
Bitcoin's Promotional Freedom vs. XRP's Restrictions
Morgan compared Ripple's situation to Bitcoin's, which is not considered a security, allowing its supporters to promote it freely without legal risks. In contrast, XRP faces stricter rules, limiting its marketing and giving Bitcoin an advantage in market adoption.
What’s Next for Ripple's Legal Case?
The Ripple-SEC case remains a key topic in the crypto community. Recently, the U.S. Court of Appeals set a deadline for the SEC to submit its opening brief by January 15, 2025. The outcome of this appeal could significantly impact the future regulation of digital assets.
Despite a cautious approach, XRP is generating optimism as its price recently climbed to $0.61. Ripple CEO Brad Garlinghouse is confident in XRP's future, noting potential ETF approval and regulatory changes.
