I-Ripple vs. SEC: I-Brad Garlinghouse ilindele ukuba iNkundla iphele kuNyaka ozayo

UAzeez Mustapha

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I-Ripple (XRP) CEO Brad Garlinghouse recently expressed his optimism over the ongoing XRP vs. SEC lawsuit, noting that he expects the case to end next year. Garlinghouse made the comments in an interview with CNBC Monday.

Elaborating on his timeline projection for the lawsuit, the CEO noted that:

“We’re seeing pretty good progress despite a slow-moving judicial process.

Clearly, we’re seeing good questions asked by the judge. And I think the judge realizes this is not just about Ripple. This will have broader implications.”

The US Securities and Exchange Commission took Garlinghouse and co-founder Chris Larsen to court last December, alleging that the executives and Ripple Labs sold $1.3 billion worth of XRP in an unregistered securities offering. That said, the defendants have argued strongly that XRP does not fall under the classification of a security.

Meanwhile, Ripple recently published a regulatory framework proposal for cryptocurrencies to regulators across the globe, titled “A Real Approach to Cryptocurrency Regulation.”

Garlinghouse explained that the “proposed policy framework is a three-pronged approach of what can be done now,” adding that it comes from Ripple’s “direct interactions with regulators and bipartisan policymakers.” Brad Garlinghouse has reasserted that the SEC has provided no clarity on cryptocurrency regulation.

Amanqanaba eRipple angundoqo ekufuneka abukele - ngoNovemba 24

XRP has slipped below the critical $1.100 – $1.0500 pivot zone, as the “bankers’ cryptocurrency” struggles to keep bears at bay amid a marketwide FUD. XRP currently trades along a descending trendline, which appears to be taking the cryptocurrency towards the $1 mark.

XRPUSD – Itshathi yeyure ezi-4 kwiBitfinex. Umthombo: TradingView

Bulls need to resist this bearish pull and cling to the $1.100 – $1.0500 pivot zone as we head into the end of the year. Much of this bearish bias comes from the lingering SEC vs. XRP lawsuit, which has dragged on for almost a year now.

Okwangoku, amanqanaba am okumelana ne-$ 1.0500, i-$ 1.1000, kunye ne-1.1500, kwaye amanqanaba am enkxaso ayi-$ 1.0000, i-$ 0.9500, kunye ne-$ 0.9275.

Imali iyonke yentengiso: $ 2.57 zezigidi

Uqoqosho lweRiple capitalisation: $ 48.7 yeebhiliyoni

Ukulawula kweRipple: 1.89%

Inqanaba lentengiso: #7

 

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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