Last week, the cryptocurrency payments company won a procedural battle as part of its legal battle with the SEC. However, it might not be of any use.
According to Ripple, there is no agreement between the company and owners of XRP tokens and that the 'market forces of supply and demand' are the true source of XRP revenues.
The co-founder and CTO of Stellar is currently assembling a group of engineers and business leaders to open up a brand-new area of space exploration.
In order to allow DRP to emphasis on file review concerns relating to crypto assets, the Office of Crypto Assets, which is soon to be established, will examine crypto filings.
The comment comes amid accusations from Ripple Labs and other detractors that the SEC went too far in enforcing the crypto market.
Kyle Roche is said to have talked to Ripple's CEO about investing in a law firm that would take on lawsuits from competitors like the ones Ripple was facing in the U.S.
According to David Schwartz, who believes that eBay also creates BTC and ETH securities, cryptocurrency miners in the Ethereum and Bitcoin ecosystems are similar to eBay shareholders.
The XRP price has exited its consolidation phase, although without significant volatility. As a result, the remittance coin is hovering over numerous support levels that may impede further southward movement.
In court records, the SEC declared, 'After reasonable inquiry, the material known and currently accessible is not adequate to enable the Commission to admit or refuse this motion.'
In light of the SEC v. Ripple lawsuit's resolution, investors are now calculating how high XRP may rise in the future.