XRP Eyes $2.91 as Saudi Royals Bet Big and SEC Decision Approaches
The post XRP Eyes $2.91 as Saudi Royals Bet Big and SEC Decision Approaches appeared on BitcoinEthereumNews.com. Saudi royal family invests $121 million into VivoPower, tying XRP to its treasury strategy. XRP’s legal cloud may lift soon, with the SEC meeting and global investor pressure increasing rapidly. The Saudi royal family has supported XRP with its significant financial move. His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud initiated a $121 million investment in VivoPower International, focusing the spotlight on the digital token. It was the first time a listed company made its treasury operations dependent on XRP. Prince Abdulaziz said: We are honored to be leading this capital raising for a company that will be the first in the world to execute an XRP-focused treasury strategy, Such corporate alignment with an asset of unclear regulatory status in the U.S. is indicative of the increasing demand from international investors. Ripple‘s current battle with the U.S. SEC gives this trend added importance. The SEC is convening a closed meeting on May 29, 2025. Market analysts expect a possible resolution or indication of movement in the multi-year-old case. The legal question is whether XRP was initially sold as a security. The resolution would change how institutions handle the asset in the future. XRP Gains Backing from Industry Leaders In another key development, former Ripple board member Adam Traidman joined the new board as Chairman of VivoPower’s Board of Advisors. His statements reinforce the opinion that this project exists for purposes greater than market profit. VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications, The Saudi-backed action comes as political interest is also building. There have been indications that former U.S. President Donald Trump is willing to add XRP to a future Strategic Bitcoin Reserve. Even though this has not been…
The post XRP Eyes $2.91 as Saudi Royals Bet Big and SEC Decision Approaches appeared on BitcoinEthereumNews.com.
Saudi royal family invests $121 million into VivoPower, tying XRP to its treasury strategy. XRP’s legal cloud may lift soon, with the SEC meeting and global investor pressure increasing rapidly. The Saudi royal family has supported XRP with its significant financial move. His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud initiated a $121 million investment in VivoPower International, focusing the spotlight on the digital token. It was the first time a listed company made its treasury operations dependent on XRP. Prince Abdulaziz said: We are honored to be leading this capital raising for a company that will be the first in the world to execute an XRP-focused treasury strategy, Such corporate alignment with an asset of unclear regulatory status in the U.S. is indicative of the increasing demand from international investors. Ripple‘s current battle with the U.S. SEC gives this trend added importance. The SEC is convening a closed meeting on May 29, 2025. Market analysts expect a possible resolution or indication of movement in the multi-year-old case. The legal question is whether XRP was initially sold as a security. The resolution would change how institutions handle the asset in the future. XRP Gains Backing from Industry Leaders In another key development, former Ripple board member Adam Traidman joined the new board as Chairman of VivoPower’s Board of Advisors. His statements reinforce the opinion that this project exists for purposes greater than market profit. VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications, The Saudi-backed action comes as political interest is also building. There have been indications that former U.S. President Donald Trump is willing to add XRP to a future Strategic Bitcoin Reserve. Even though this has not been…
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