Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
It is accurate to state that Ripple is experiencing significant challenges, a situation that has persisted since the United States Securities and Exchange Commission initiated legal action against the firm.
In 2020, the Commission accused Ripple Labs of executing an unregistered securities sale exceeding one billion dollars, effectively asserting that XRP qualifies as a security.
This, understandably, inflicted considerable harm on the cryptocurrency and its associated community.
Currently, a member of the community is indicating what they perceive to be a coordinated effort against XRP:
Related Posts
Source: X
The individual did not provide specifics and did not validate all of their assertions, but it did ignite a conversation regarding the Ripple lawsuit.
Ashley appears to be of the opinion that Judge Torres will issue a ruling on the recent submissions (possibly the SEC appeal) “before the end of next week… Maybe Thursday 21st.”
Regardless, there may be a positive aspect to consider. Recent statistics indicate that XRP ranks as one of the most discussed cryptocurrencies on social media, coming in third after Bitcoin and Ethereum. This could be related to the case itself, as it is a significant lawsuit that the entire community is closely monitoring.
SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
