Friday September 23 A well-known cryptocurrency analyst explains why the price XRP recover well over the past week
TradingView data shows that XRP’s price jumped from around $ 0.3238 to $ 0.4930, which was up more than 52% in one week.
On December 22, 2020, the SEC Announcing it has filed a lawsuit against Ripple Lab Inc. and two company executives, claiming to have raised more than $ 1.3 billion. XRP is a “secured and unregistered” digital asset, which the SEC claims XRP is a security under US federal securities laws.
However, prominent analyst Ben Armstrong, also known as BitBoy Crypto, tweeted yesterday that the SEC will lose allegations that XRP is a stock, but if XRP loses, traders have nothing to worry about. because the penalty should only be a fine
https://twitter.com/Bitboy_Crypto/status/1573286642781425665?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1573286642781425665%7Ctwgr%5E7a9559937bb51d87af038ce8c62d9b8051f4674c%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest% 2F2022% 2F09% 2Fcrypto-analyst-sec-basically-gave-up-this-week-trying-to-prove-xrp-is-a-security% 2F
Ben Armstrong said that when the case is closed, those who invest in XRP will be rewarded for their patience.
https://twitter.com/Bitboy_Crypto/status/1573005027584737281?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1573005027584737281%7Ctwgr%5E7a9559937bb51d87af038ce8c62d9b8051f4674c%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest% 2F2022% 2F09% 2Fcrypto-analyst-sec-basically-gave-up-this-week-trying-to-prove-xrp-is-a-security% 2F
Yesterday John Deaton, one of the lawyers who had been following the case for some time. he also tweeted a statement from the SEC
On September 21, company CEO Brad Garlinghouse Ripple I spoke to Messari co-founder and CEO Ryan Selkis at the Messari Mainnet conference in New York City about the SEC’s lawsuit against Ripple.
Source: Cryptoglobe
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