Ripple expects SEC Approval on XRP For Payment

MARKETS TREND

The market trend factors in multiple indicators, including Simple Moving Average, Exponential Moving Average, Pivot Point, Bollinger Bands, Relative Strength Index, and Stochastic.

Brad Garlinghouse, Ripple’s chief, highlighted that the Securities and Exchange Commission (SEC) may decide to accept XRP as payment.

Garlinghouse hailed the lowered financial penalty as a turning point for Ripple and described a shifting landscape for digital assets in the US. SEC will receive $50 million

‘Fifty million dollars will go to the US government. We even talked about releasing this in XRP. “In the end, this is a significant advancement,” the CEO stated.

Ripple will keep most of the $125 million initially placed in escrow. According to Garlinghouse, the deal, which is still pending final SEC commissioner approval, indicates that US regulators are becoming more accepting of blockchain and cryptocurrency businesses.

He attributed the development of what he called “tailwinds” rather than animosity to a shift in leadership at the White House and the SEC.

Meanwhile, David Schwartz, the chief technology officer at Ripple Labs, has sent out a public alert in response to a questionable post made by John Deaton.

He cautioned followers against using the account until well-known lawyer John Deaton could confirm if it had been compromised. “This post appears incorrect in several ways. David Schwartz wrote, “Please don’t believe this until you see proof that he hasn’t been hacked.”.

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

22 hours ago

Add an article to your Reading List

Register now to be able to add articles to your reading list.

” aria-hidden=”true”> Save

1 day ago

Add an article to your Reading List

Register now to be able to add articles to your reading list.

” aria-hidden=”true”> Save

2 days ago

Add an article to your Reading List

Register now to be able to add articles to your reading list.

” aria-hidden=”true”> Save