XRP seen soaring on hopes new crypto-friendly SEC hands Ripple ‘huge win’ – DL News
- The SEC is appealing a court decision that claimed XRP is not a security.
- Now the company awaits a more crypto-friendly agency.
- Analysts see XRP’s price rising.
The new year bodes well for XRP.
With a drawn-out court case between XRP’s parent company Ripple and the US Securities and Exchange Commission, analysts have become more optimistic.
“Should the SEC appeal be dismissed, or should the incoming SEC leadership choose to settle instead, this would be a huge win for Ripple,” said GSR research analyst Carlos Guzman.
He told DL News that a positive resolution should send XRP soaring.
In December 2020, the SEC sued Ripple for allegedly violating US securities laws when the company sold XRP to institutional investors. Judge Analisa…
