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XRP Dips Amid Speculation That the U.S. SEC Canceled Settlement Talks with Blockchain Startup Ripple

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Release: 2024-07-19 15:49:21
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XRP has outperformed the broader crypto market rally in recent days, hitting a three-month high. The recent rally was attributed to a closed-door SEC meeting

XRP Dips Amid Speculation That the U.S. SEC Canceled Settlement Talks with Blockchain Startup Ripple

XRP price today dipped amid speculation that the U.S. Securities and Exchange Commission (SEC) canceled a highly-awaited settlement meeting with blockchain payments startup Ripple.

Key Points

* XRP price dropped sharply on Monday, losing nearly 9% of its value.

* The cancellation of a scheduled SEC meeting sparked speculation that a settlement with Ripple may not be forthcoming.

* Pro-XRP lawyer Fred Rispoli believes a pre-judgment settlement is unlikely, but negotiations on unresolved arguments could take place.

* Judge Analisa Torres is expected to rule on remedies for unregistered XRP sales to institutional investors soon.

* A decision on the status of XRP tokens could come by the end of July, according to Rispoli.

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source:kdj.com
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