XRP price plummets as SEC cancels key settlement meeting
XRP faces volatility due to legal uncertainties with the SEC, causing a price drop and increased trading activity.
![image WenJun](https://image.coinlive.com/24x24/cryptotwits-static/a8493e1c6748b42c3dae10c0b1c82784.jpeg)
XRP faces volatility due to legal uncertainties with the SEC, causing a price drop and increased trading activity.
Ripple CEO Brad Garlinghouse addresses XRP's legal battles, regulatory uncertainties, and plans for an ETF and stablecoin at Paris Blockchain Week. Advocating for clarity, Ripple aims to expand XRP's utility amid evolving regulations.
SEC Seeks Ripple Case Extension: Requests deadline shifts for settlement briefings. XRP price reacts positively, surging to $0.59.
Hashdex's unprecedented meeting with the SEC Chair's office to discuss Bitcoin ETF rule changes reflects a potential shift in regulatory attitudes. Observers believe the SEC may reconsider its stance amid industry growth
Grayscale Investments is actively pursuing SEC approval for its Grayscale Bitcoin Trust's conversion into a spot bitcoin ETF. Recent discussions with the SEC revolve around NYSE Arca's proposed rule change. Grayscale's persistent efforts, court mandates, and engagements with BNY Mellon showcase its commitment. GBTC outlines plans for listing and ongoing share issuance. The broader industry, including major players like BlackRock and Fidelity, is also navigating the SEC approval process for spot bitcoin ETFs.
If the regulator is successful in this case, it might have very negative repercussions for XRP, its investors, and the cryptocurrency sector as a whole.
In the ongoing legal case between the SEC and Ripple Labs, the commission declared XRP as a security.
The U.S. Securities and Exchange Commission and Ripple Labs both filed motions for summary judgment.
As the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense.
The U.S. Securities and Exchange Commission is launching discussions with U.S. investors about cryptocurrencies and blockchain technology.