{"id":618661,"date":"2025-01-16T14:57:22","date_gmt":"2025-01-16T14:57:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=618661"},"modified":"2025-01-16T14:57:22","modified_gmt":"2025-01-16T14:57:22","slug":"xrp-price-prediction-xrp-pumps-8-as-ripple-clo-calls-sec-appeal-just-noise-while-wall-street-pepe-presale-bursts-past-49m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-xrp-pumps-8-as-ripple-clo-calls-sec-appeal-just-noise-while-wall-street-pepe-presale-bursts-past-49m","title":{"rendered":"XRP Price Prediction: XRP Pumps 8% As Ripple CLO Calls SEC Appeal “Just Noise,’ While Wall Street Pepe Presale Bursts Past $49M"},"content":{"rendered":"

The XRP price surged 8% in the last 24 hours to trade at $3.13 as of 02:15 a.m. EST on trading volume that skyrocketed 111% to $23.6 billion.<\/span><\/p>\n

This comes as the US Securities and Exchange Commission (SEC) finally filed an appeal to reverse the court ruling that said XRP was not a security when sold to retail investors.<\/span><\/p>\n

However, according to Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), “The SEC’s lawsuit is just noise.” Alderoty still stands by the idea that the appeal could be dropped by a future administration.<\/span><\/p>\n

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As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and… https:\/\/t.co\/3ZxO64Fs8C<\/a><\/p>\n

— Stuart Alderoty (@s_alderoty) January 16, 2025<\/a><\/p><\/blockquote>\n