The ongoing Ripple-SEC case, which has been a source of uncertainty in the cryptocurrency world, continues to make significant progress. Last year, after favorable decisions for Ripple and its executives, there was a noticeable impact on the price of XRP, attracting attention from supporters worldwide. Recently, Ripple official Brad Garlinghouse made an important statement regarding the future of the case.
Ripple Labs CEO, Brad Garlinghouse, a prominent figure in the cryptocurrency industry who is currently battling the SEC, believes that the SEC will ultimately lose its longstanding fight against cryptocurrencies. In a recent interview on the World Class podcast, Garlinghouse expressed his view that the SEC’s anti-crypto stance and sanctions hold little meaning.
Garlinghouse’s statement emphasized the following points:
1. The SEC’s case against Ripple and other cryptocurrencies lacks merit.
2. The crypto industry has made significant progress and is here to stay.
3. Even the US dollar, considered one of the best-managed fiat currencies, is losing purchasing power over time.
In addition to Garlinghouse’s remarks, attention is also focused on the price of XRP, which is at the center of the SEC case. Today, XRP’s price has seen a slight increase.
At the time of writing, XRP’s price has risen by 0.93%, reaching $0.5107. The market cap of XRP has also increased to $28.2 billion during this period.
XRP’s 24-hour trading volume is just under $1 billion, showing a 162% increase in the last 24 hours. This surge in trading volume, coupled with the price increase, indicates growing investor interest in XRP.
It is important to note that any positive news regarding the SEC case later this year could have a significant impact on the price. It is worth remembering that even an interim decision last July-August almost pushed XRP to the $1 mark.
Please note that the information provided in this article is not investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.
