Anthony Scaramucci’s Ripple-SEC Speculation

In a podcast interview, Anthony Scaramucci, former White House Director of Communications, noted that the U.S. Securities and Exchange Commission (SEC) may have already dropped its case against Ripple (XRP).

This comment, made during a conversation with podcast host Scott Melker, has raised interest in the crypto community. After all, the current lawsuit between the SEC and Ripple has been one of the most watched legal battles in the crypto market.

Speculation on Ripple’s Case

During the interview, Melker discussed the SEC’s recent actions, which included dropping charges against several cryptocurrency-related businesses, such as Coinbase, Gemini, and ConsenSys. Scaramucci suggested that Ripple could also join this list.

Although the SEC lawsuit against Ripple is ongoing, Scaramucci’s remark hints at a potential change in the agency’s stance. The lawsuit, filed in December 2020, accuses Ripple of conducting an unregistered securities offering through the sale of XRP. This case is pivotal for regulating digital currencies in the U.S.

Many in the crypto community speculate that the SEC might quietly discontinue its case against Ripple, possibly leading to a more favorable regulatory environment for XRP. Nevertheless, the SEC has not made any official comments regarding the lawsuit’s status.

XRP Price Reaction

XRP’s market performance also garnered attention due to its price rise. In just 24 hours, the price of XRP jumped by 5.39%, reaching $2.61. This increase may suggest growing optimism about the lawsuit’s resolution or investor sentiment surrounding Ripple’s future in the crypto market.

Currently, XRP’s market value stands at $151.46 billion, with a 24-hour trading volume of $6.09 billion, a drop of 36.06%. Despite this decline in trading volume, XRP’s price continues to rise, indicating a positive market reaction to recent developments.

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