ChatGPT predicts XRP’s future after SEC drops all charges against Ripple CEO
The post ChatGPT predicts XRP’s future after SEC drops all charges against Ripple CEO appeared on BitcoinEthereumNews.com. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ripple [XRP] had an extraordinary day on 19 October as the US Securities and Exchange Commission (SEC) dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen. Ripple’s Chief Legal Officer Stuart Alderoty remarked on the development, The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC. https://t.co/TOsG64ZdEx — Stuart Alderoty (@s_alderoty) October 19, 2023 As the legal case seemed to be turning in favor of Ripple, its value rose by 8% within a day. At press time, XRP was trading at $0.52054. Early this month, the court denied the SEC’s bid to appeal against an earlier decision given in favor of Ripple. Read Ripple’s [XRP] Price Prediction 2023-24 In July, the U.S. District Court of the Southern District of New York had ruled that the sale of XRP tokens on crypto exchanges and through programmatic sales did not constitute investment contracts; hence, it was not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws. XRP immediately surged by 90% to $0.908 after Ripple secured this partial victory in its legal battle with the Securities and Exchange Commission (SEC). In another news, Ripple’s Singapore subsidiary secured a full Major Payments Institution (MPI) license from the national regulator recently. On 31 July, Ripple issued its Q2 2023 market report, in which it gave an in-depth response to the partial win it had secured against the SEC on 13 July. The report mentions the SEC’s lawsuit against Ripple was misguided and a…
The post ChatGPT predicts XRP’s future after SEC drops all charges against Ripple CEO appeared on BitcoinEthereumNews.com.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ripple [XRP] had an extraordinary day on 19 October as the US Securities and Exchange Commission (SEC) dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen. Ripple’s Chief Legal Officer Stuart Alderoty remarked on the development, The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC. https://t.co/TOsG64ZdEx — Stuart Alderoty (@s_alderoty) October 19, 2023 As the legal case seemed to be turning in favor of Ripple, its value rose by 8% within a day. At press time, XRP was trading at $0.52054. Early this month, the court denied the SEC’s bid to appeal against an earlier decision given in favor of Ripple. Read Ripple’s [XRP] Price Prediction 2023-24 In July, the U.S. District Court of the Southern District of New York had ruled that the sale of XRP tokens on crypto exchanges and through programmatic sales did not constitute investment contracts; hence, it was not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws. XRP immediately surged by 90% to $0.908 after Ripple secured this partial victory in its legal battle with the Securities and Exchange Commission (SEC). In another news, Ripple’s Singapore subsidiary secured a full Major Payments Institution (MPI) license from the national regulator recently. On 31 July, Ripple issued its Q2 2023 market report, in which it gave an in-depth response to the partial win it had secured against the SEC on 13 July. The report mentions the SEC’s lawsuit against Ripple was misguided and a…
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