Crypto news

Attorney with Pro-XRP Stance Reveals Information that May Favor

Attorney with Pro-XRP Stance Reveals Information that May Favor In a recent development, an attorney who supports XRP has revealed some significant information that suggests a potential win for Ripple in its legal battle against the United States Securities and Exchange Commission (SEC) regarding securities regulations.

The outcome of a similar case to Ripple’s current situation indicates that there may be a favorable resolution for the cryptocurrency company.

Similar Case to Ripple Receives Favorable Ruling Pro-XRP

Attorney Jeremy Hogan has used Twitter to share information about a previous ruling by Judge Analisa Torres in a case involving a crypto mining company called Rio Tinto and the SEC.

Attorney with Pro-XRP Stance Reveals Information that May Favor

Hogan posted an excerpt from the Pro-XRP ruling, which indicates that the judge had previously determined that

Attorney with Pro-XRP Stance Reveals Information that May Favor

As anticipated, the SEC challenged Judge Torres’ ruling by filing an appeal, but the appellate court upheld the decision.

In this case involving Rio Tinto, the company was successful in defending itself, as the judge found no

” This resulted in the judge ruling in favor of Rio Tinto.

It seems that there is another case where Judge Torres ruled against the SEC on a significant issue

, and when the SEC appealed, the appellate court upheld Judge Torres’ ruling.

The legal battle between Ripple and the SEC has been ongoing for several years, which has had

a detrimental impact on the value of XRP.

In 2020, just asPro-XRP the bull market was beginning, Ripple was hit with a lawsuit that resulted in XRP’s price

plummeting by more than 50%.

While other cryptocurrencies in the market reached new all-time highs in the following year, XRP struggled significantly.

XRP has yet to fully recover from its price drop, but a favorable outcome for Ripple in Pro-XRP the ongoing

legal battle with the SEC could potentially reverse this trend.

For instance, in the first quarter of 2023, Ripple CEO Brad Garlinghouse stated that he anticipated

the case to be resolved in the first half of that year, and if Ripple were to emerge victorious, it could have

a significant positive impact on the token’s price.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
WP Twitter Auto Publish Powered By :