The US Securities and Exchange Commission (SEC) is holding a
closed-door meeting today (Thursday). The meeting will include discussions on
litigation claims, settlements, enforcement actions, and administrative
proceedings.
Meanwhile, XRPUSD has been consolidating within a channel on
the H1 chart, awaiting a breakout to determine its next direction.
The SEC’s lawsuit against Ripple Labs is among the ongoing
cases the agency is handling. The meeting agenda includes “litigation claims,”
leading some in the cryptocurrency community to speculate that the Ripple case
could be discussed. The meeting will take place remotely or at the SEC
headquarters in Washington, DC, and only SEC officials, commissioners, their
counsel, and staff members will be present.
Source: US SEC
On January 6, Ripple’s CEO
Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private
dinner with President-elect Donald Trump, fueling speculation about the
impact on Ripple’s ongoing legal battle with the SEC. This meeting has prompted
further questions about potential shifts in the SEC’s approach to Ripple’s case
and broader crypto regulation .
Great dinner last night with @realDonaldTrump & @s_alderoty.
Strong start to 2025! pic.twitter.com/UjM6lahUG4
— Brad Garlinghouse (@bgarlinghouse) January 8, 2025
SEC Leadership Change Could Impact Ripple
The
SEC recently filed an appeal-related opening brief on January 15. This was
just before Chair Gary Gensler stepped down. His departure has fuelled
speculation about a shift in leadership and regulatory policy. President Trump
has nominated Paul Atkins as the new SEC Chair. Atkins is known for his
market-driven approach and has previously voiced scepticism about strict crypto
regulations.
The XRPUSD H1 chart indicates that after a bearish
correction, the price has been contained within an Equidistant Channel. The
3.20000 level has acted as a strong resistance. A bullish breakout at the
channel’s resistance could potentially lead to a breakout at the 3.20000 level.
Conversely, a bearish breakout at the channel’s support may push the price
lower, likely with slower momentum.
XRPUSD, H1 Chart, Source: TradingView
Investors Watch SEC for Ripple Policy Shift
John Reed Stark, a former SEC enforcement official, has
pointed to Atkins’ preference for free markets and minimal government
intervention. Acting Chair Uyeda shares a similar stance. Some analysts believe
this could impact the SEC’s approach to crypto enforcement, including its legal
battle with Ripple .
The SEC has not confirmed whether the Ripple case will be
discussed at the meeting. However, given the recent legal developments,
investors are watching closely for any signals of a policy change.
Ripple’s Legal Outlook and Strategic Growth Drive XRP’s
Potential
DeepSeek AI has analyzed Ripple’s legal situation, adoption
of its On-Demand Liquidity (ODL) platform, and market trends to develop
predictions. The
model estimates XRP could trade between $3.50 and $5.00 by the end of 2025,
with a 70% probability of a favourable legal outcome.
DeepSeek AI Predicts XRP’s Price by End of 2025: A Game-Changer for Crypto Investors? https://t.co/IqSwacNxGX
— SaLiCryp (@SaLiCryp) January 28, 2025
Ripple has recently been involved in several developments. The
company donated $100,000 in XRP to support communities affected by
California wildfires, contributing to organizations like World Central Kitchen
and GiveDirectly through The Giving Block platform.
Ripple
is also making progress in Japan, with expectations that banks will adopt
the XRP Ledger by 2025, as announced by SBI CEO Yoshitaka Kitao. This move aims
to improve cross-border payments and currency conversions for remittances.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282
— Ripple (@Ripple) January 7, 2025
Additionally, Ripple
has partnered with Chainlink to expand into decentralized finance (DeFi),
integrating its RLUSD stablecoin with DeFi applications on the Ethereum
blockchain for trading and lending.
The debate over the inclusion of XRP in a US crypto reserve
continues, with allegations of centralization complicating the discussion. In
response, Ripple’s Chief Technology Officer, David Schwartz, has defended the
decentralization of the XRP Ledger, emphasizing its resilience against
manipulation.
The US Securities and Exchange Commission (SEC) is holding a
closed-door meeting today (Thursday). The meeting will include discussions on
litigation claims, settlements, enforcement actions, and administrative
proceedings.
Meanwhile, XRPUSD has been consolidating within a channel on
the H1 chart, awaiting a breakout to determine its next direction.
The SEC’s lawsuit against Ripple Labs is among the ongoing
cases the agency is handling. The meeting agenda includes “litigation claims,”
leading some in the cryptocurrency community to speculate that the Ripple case
could be discussed. The meeting will take place remotely or at the SEC
headquarters in Washington, DC, and only SEC officials, commissioners, their
counsel, and staff members will be present.
Source: US SEC
On January 6, Ripple’s CEO
Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private
dinner with President-elect Donald Trump, fueling speculation about the
impact on Ripple’s ongoing legal battle with the SEC. This meeting has prompted
further questions about potential shifts in the SEC’s approach to Ripple’s case
and broader crypto regulation .
Great dinner last night with @realDonaldTrump & @s_alderoty.
Strong start to 2025! pic.twitter.com/UjM6lahUG4
— Brad Garlinghouse (@bgarlinghouse) January 8, 2025
SEC Leadership Change Could Impact Ripple
The
SEC recently filed an appeal-related opening brief on January 15. This was
just before Chair Gary Gensler stepped down. His departure has fuelled
speculation about a shift in leadership and regulatory policy. President Trump
has nominated Paul Atkins as the new SEC Chair. Atkins is known for his
market-driven approach and has previously voiced scepticism about strict crypto
regulations.
The XRPUSD H1 chart indicates that after a bearish
correction, the price has been contained within an Equidistant Channel. The
3.20000 level has acted as a strong resistance. A bullish breakout at the
channel’s resistance could potentially lead to a breakout at the 3.20000 level.
Conversely, a bearish breakout at the channel’s support may push the price
lower, likely with slower momentum.
XRPUSD, H1 Chart, Source: TradingView
Investors Watch SEC for Ripple Policy Shift
John Reed Stark, a former SEC enforcement official, has
pointed to Atkins’ preference for free markets and minimal government
intervention. Acting Chair Uyeda shares a similar stance. Some analysts believe
this could impact the SEC’s approach to crypto enforcement, including its legal
battle with Ripple .
The SEC has not confirmed whether the Ripple case will be
discussed at the meeting. However, given the recent legal developments,
investors are watching closely for any signals of a policy change.
Ripple’s Legal Outlook and Strategic Growth Drive XRP’s
Potential
DeepSeek AI has analyzed Ripple’s legal situation, adoption
of its On-Demand Liquidity (ODL) platform, and market trends to develop
predictions. The
model estimates XRP could trade between $3.50 and $5.00 by the end of 2025,
with a 70% probability of a favourable legal outcome.
DeepSeek AI Predicts XRP’s Price by End of 2025: A Game-Changer for Crypto Investors? https://t.co/IqSwacNxGX
— SaLiCryp (@SaLiCryp) January 28, 2025
Ripple has recently been involved in several developments. The
company donated $100,000 in XRP to support communities affected by
California wildfires, contributing to organizations like World Central Kitchen
and GiveDirectly through The Giving Block platform.
Ripple
is also making progress in Japan, with expectations that banks will adopt
the XRP Ledger by 2025, as announced by SBI CEO Yoshitaka Kitao. This move aims
to improve cross-border payments and currency conversions for remittances.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282
— Ripple (@Ripple) January 7, 2025
Additionally, Ripple
has partnered with Chainlink to expand into decentralized finance (DeFi),
integrating its RLUSD stablecoin with DeFi applications on the Ethereum
blockchain for trading and lending.
The debate over the inclusion of XRP in a US crypto reserve
continues, with allegations of centralization complicating the discussion. In
response, Ripple’s Chief Technology Officer, David Schwartz, has defended the
decentralization of the XRP Ledger, emphasizing its resilience against
manipulation.