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Ripple CEO announced good news for XRP: said the SEC lawsuit will be dropped, price has risen! - Coin Bulletin
Ripple (XRP) CEO Brad Garlinghouse announced that he would withdraw the SEC's appeal, which resulted in a 5% increase in the price of XRP.
Ripple CEO Brad Garlinghouse stated that he believes the SEC will drop its appeal.
The famous CEO stated in his announcement, “This is the moment we have been waiting for. The SEC will withdraw its appeal – a great victory for Ripple and for the crypto world in every aspect.” The CEO expressed his belief that the future is bright, saying, “Let’s build.” This announcement is seen as a significant milestone heralding Ripple's victory.
Following Garlinghouse's statements, the price of XRP experienced a significant increase. The price rose from $2.31 to $2.43, marking a 5% increase. This movement indicates that investors are positively assessing developments in favor of Ripple in the lawsuit with the SEC.
According to previously obtained information, the reason for the delay in the case was Ripple's legal team's negotiations for more favorable terms. In parallel, Fox reporter Eleanor Terrett had announced that the case would soon come to an end.