Ripple Victory: Ripple IPO Experience Turbo-Surge, Cryptocurrency Community Reacts
The blockchain payments company, Ripple, has won its continuing legal dispute with the U.S. Securities and Exchange Commission (SEC), a development both the company and the XRP community has called a significant legal achievement. The court’s decision supports Ripple’s case and clears the way for the IPO process to move forward.
The latest development has affected the SEC’s case against Coinbase exchange, as many analysts have continued to display pessimistic sentiment on the likelihood thus, raising a growing fear of the lawsuit’s success.
The conclusion of this complex legal dispute gives Ripple and its cryptocurrency, XRP, fresh hope. Ripple’s IPO, which has experienced deadlock since its announcement in 2020, has witnessed significant patronage since after the court judgment. Comments from different expert contributions show that the judicial victory is anticipated to have wide-ranging effects on the cryptocurrency industry and Ripple itself.
Before the lawsuit, Brad Garlinghouse, the CEO of Ripple, had previously suggested that XRP might go public. These plans, however, were shelved after the SEC sued Ripple, claiming that the business had offered unregistered securities through the sale of XRP.
As published by Antonella Martin on Crypto News Land, industry insiders predict that Ripple’s IPO might push the market value of XRP to a whole $100 billion. According to Martin, such a valuation would strengthen Ripple’s position in this highly volatile cryptocurrency market.
XRP Victory May Affect SEC’s Case Against Coinbase, Experts Lament
The SEC’s action against Coinbase suffers a severe setback due to Ripple’s court triumph. Due to Coinbase’s XRP trading, the SEC had been looking into possible violations of the securities laws. This latest development is perceived to weaken the SEC’s case against Coinbase.
In his article, Martin explained that resolving this legal conflict marks a turning moment for Ripple and the larger cryptocurrency market. According to him, it draws attention to the need for more precise regulatory standards and offers some encouragement to other Bitcoin businesses under regulatory examination.
Ripple’s IPO late last month ignited a new conversation. John Deaton, one of the XRP enthusiasts, appeared on the Good Morning Crypto platform to shed some light on the investment prospect. In his interview, Deaton predicted the latest surge in the Ripple IPO. According to him, “the company’s IPO will experience a significant patronage should this case go in favor of Ripple,” Deaton said. He also added that the effect of the outcome of the judgment would be visible after six months.
The success of Ripple’s case has significant implications for the whole cryptocurrency market, bringing the business closer to its eagerly anticipated IPO. Meanwhile, it has also been found that Ripple’s internal value during the reinvestment session by the investors is at $15 billion.
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