Important day before XRP, SEC discusses Ripple Legal

The American Securities and Exchange Commission (SEC) is organizing a New round table discussion About cryptocurrency regulation. One of the subjects that may be on the table during this session is the dragging lawsuit with Ripple. Striking, because in recent months Ripple CEO Brad Garlinghouse announced that a settlement has been found with the SEC, what can we expect?

Sec not even with ripple arrangement

The settlement between Ripple and the SEC is not well received by everyone within the American authority. According to SEC Commissioner Caroline Crenshaw, the settlement undermines the role of the court and creates a dangerous precedent. The court seems to partly agree with that. Judge Torres has rejected a so -called “indicative decision” on the settlement. She pointed out procedural errors and stated that the scheme did not offer any real benefits for investors.

The SEC has since submitted a new application for an indicative decision, and must come up with a new status report no later than 16 June, which means that the court case continues longer than expected. That makes this period exciting for XRP investors. The results can have direct consequences for the rate of xrpespecially if new rules are discussed around Decentralized Finance (Defi) and Stablecoins (markets in which the XRP Ledger wants to grow further).

Ripple himself also watches with excitement. Depending on how strict or flexible the rules become, this can affect their future product development. Interesting is that the SEC recently dropped other major things, including against Coinbase and Binance. That makes the Ripple case all the more important as a touchstone for Crypto’s American approach.

Chinese company invests $ 300 million in XRP as a business strategy

The Chinese travel platform Webus wants up to $ 300 million invest In Xrp. This step is part of a new strategy to include crypto currency in the company balance to diversify the reserves. Webus has reported the purchase to the SEC through a so-called Form 6-K.

Webus not only wants to retain XRP as an investment, but also to use within its booking system. By using blockchain technology, the company wants to make international payments faster and more transparent. A positive signal for the XRP platform that is increasingly interested in institutional parties. Other examples are Vivopower ($ 100 million in XRP) and Wellgistics Health (which wants to use XRP payments. The XRP rate managed to rise slightly, with 0.64% over the last 24 hours. This currently trades the Altcoin around $ 2.23.