Ripple (XRP) CLO Stuart Alderoty Believes the SEC Is Less Likely to Appeal the Final Ruling in the Lawsuit
- WBOYOriginal
- 2024-08-18 00:09:15668browse
Ripple ’s SVP of stablecoins recently spoke on the definition of the asset as the firm continues to test Ripple USD in private beta.
Ripple Chief Legal Officer Stuart Alderoty believes that the US Securities and Exchange Commission (SEC) is less likely to appeal the final ruling in the lawsuit against the crypto firm.
The development comes after Judge Analisa Torres dismissed the SEC’s case against Ripple Labs, XRP, and executives Brad Garlinghouse and Chris Larsen on Friday.
The payment remittance firm recently partnered with the crypto arm of SBI holdings to boost the utility of the token.
Moreover, financial institutions can now transfer value in a borderless manner with the help of Ledger, which is based on a distributed ledger technology and the blockchain.
At the time of writing on Saturday, XRP was trading at $0.5649, and the price failed to rally.
The Moving Average Convergence Divergence indicator shows that there is underlying negative momentum in XRP price.
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