Are big investors gearing up for an XRP rally amid questionable change in SEC's approach?
Are big investors gearing up for an XRP rally amid questionable change in SEC’s approach?
Crypto analysts have suggested that the price of XRP could go as high as $0.60 following the U.S. Securities and Exchange Commission’s change of tact in its lawsuit against Ripple Labs.However, after Judge Analisa Torres ruled that XRP is not a security when sold to the general public, the SEC seemed to have made a subtle shift in its approach.
In a recent motion for an interlocutory appeal against Judge Torres’ ruling, the regulator described XRP as a computer code with no inherent value.
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