Ripple

Are The Stars Aligning In Favor Of Ripple In Its Onerous Lawsuit Against The SEC?

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Dec 17, 2021

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The crypto market continues to stroll with the passing time in quest of the bulls ahead of the fast-approaching new year. Whilst folks from the crypto town have wishlisting reforms that are due in the industry. The lawsuit subsiding has been a priority for the XRP community and for the crypto fraternity. As the outcome prevailing in favor of Ripple would summon fortunes for the industry.

The talks over the lawsuit have been heating up amongst crypto savvies. As the shortcomings and blunders of the regulating authority have been mushrooming. off-late. A mention by a crypto savvy has now taken attention by a storm, which could further fortify Ripple’s stance. On the other hand, XRP now continues to glimmer with its utilitarian traits.

SEC’s Loss Is Ripple’s Gain?

 Attorney John E Deaton, enlightens on a whistleblower alert by a Twitter user SundaySaucy. The attorney mentions that he believes Bill Hinman could have used some legal advice prior to signing the sworn declaration filed by the SEC. If his speech reflected only his personal views and was not guided by the SEC. He is in violation of “Title 5”, for use of public office for private gains.

In the declaration of William H. Hinman, in support of the plaintiff’s motion to quash the defendant’s deposition subpoena. It is mentioned that the speech was intended to express his own personal views. And not necessarily those of the commission, the commissioners, or the staff.

Is XRP The Rising Star? 

According to sources, Ripple’s On-Demand Liquidity sees record growth. ODL customers can access over 20 countries around the globe for their payment needs. The transactions over RippleNet have more than doubled, and the ODL transactions are up 130% quarter over quarter since Q3 last year. The international volume is also up over 25X since Q3 last year. 

Xange.com a securities exchange firm operated in alliance with the United Nations. Has made announcements of developing a carbon credit solution on the XRP Ledger. The firm is preparing to launch the implementation of its voluntary carbon credit infrastructure. To channel carbon credit offsets from African great green initiative.

Collectively, with the number of integrations in place and the increase in whale accumulations. XRP’s market trends now seem to be undeterred from its lawsuit. Hopefully, the legal tussle finds settlement in favour of Ripple with the “n” number of catalysts reinforcing its stance.

Also Read : Has The Federal Reserve’s Decision Pushed Ethereum To The Bulls?

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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