- Ripple’s latest move with the RLUSD stablecoin has got everyone talking, especially in light of their ongoing SEC lawsuit.
- The XRP community is feeling optimistic, hoping this launch could signal the end of the legal battle.
- But experts are advising caution. According to crypto lawyer Fred Rispoli, any legal issues related to RLUSD will likely be dealt with separately from the main Ripple vs. SEC case.
Latest Ripple XRP Lawsuit Update: Ripple Lawsuit Update | Awaiting the Final Verdict
Ripple’s Focus on Compliance
Ripple is putting a lot of effort into making sure they follow the rules. They’re making sure all new products, like the RLUSD stablecoin, comply with regulatory guidelines. This strategy shows Ripple’s commitment to avoiding further legal issues while continuing to develop its financial products for businesses.
Political Shifts & Ripple’s Future
Politics might also play a big role in Ripple’s future. If Donald Trump, who supports cryptocurrencies, wins the next election, Ripple might benefit from more favorable regulatory conditions. Former SEC attorney Marc Fagel believes a new administration could be more supportive of crypto companies, which could help Ripple with their legal challenges.
Ripple’s XRP Unlock
Ripple unlocked recently 1 billion XRP, which is worth around $579.43 million, therefore resulting in an 8% decrease in XRP price. This caused speculations that Ripple could be making plans for a settlement with the SEC which would probably help counter any upcoming penalties and also pave the way for the conclusion of the case. Sean McBride who used to work at Ripple noted there are even chances that Judge Torres will rule on the case either in August or later during September.
While the RLUSD stablecoin launch has generated some hope, the outcome of Ripple’s lawsuit with the SEC remains uncertain. Legal challenges and political changes will significantly impact what happens next for Ripple.
For more such informative reads, stay tuned at ReadingCrypto!
