The tale of the SEC and Ripple case is as old as time, and hopefully, it has finally come to an end. It is the proper David and Goliath story of the crypto industry, as Ripple came out victorious, somewhat, over the atrocities of the SEC and the U.S. government.
People ask the question, “What makes a project successful?” Ripple figured out the answer. Clarity, Community, and Communication, the 3Cs of a successful project.
Despite all the hardships, the XRP Army stood tall against all the odds and finally rejoiced at the end of a seemingly age-old war against the institutions. This community strength contrasts with the criticisms faced by Ripple and Cardano from some crypto elites, discussed in detail in Crypto Elites Growing Condemn Ripple & Cardano.
Ripple Ahead
After a legal war that lasted over four years, the US District Court for the Southern District of New York, Judge Analisa Torres, ruled Ripple is not a security and does not come under the purview of the SEC. However, it was not all rosy; the Judge also ordered XRP to pay a fine of $125 Million to the SEC for transactions that violated Section 5 of the SEC.
However, a new post from an influencer on X emerged, claiming there are rumors that XRP has already paid the $125 million fine to the SEC. The influencer in question has over 200k followers on X (formerly Twitter) and is an avid er of XRP.
🚨RUMORS: @Ripple has already paid $125 million to the SEC, and a major announcement is expected to be published next week! 👀 #XRP pic.twitter.com/shqpNaHLVc
— JackTheRippler ©️ (@RippleXrpie) August 30, 2024
That is not all; the post also claims that there is a major announcement coming next week. With the case finally in the rear-view, possibilities of what the announcement will be about are endless.
Recently, reports have emerged that XRP will be part of the payment structure for overseas payments and has been used by the transactions to India. There is also heavy speculation that XRP will be part of the BRICS new payment plan.
According to CoinGecko data, XRP is currently trading at $0.56. We cannot assure you how true the rumors are, but if proven true, they will make a world of difference to Ripple’s price acceptance and widespread.
