Rumors have surfaced regarding Ripple’s payment of $125 million to the U.S. Securities and Exchange Commission (SEC). Prominent figures on X have further fueled this speculation. It has since garnered significant attention from the crypto community.
JackTheRippler (@RippleXrpie), a well-known figure within the crypto space, shared on X that Ripple had already disbursed $125 million to the SEC. He hinted at a major announcement coming next week. He also shed more light on the situation surrounding Ripple and XRP.
Did Ripple Pay the SEC?
Further fueling these rumors, Whale Alert, a widely respected whale-tracking platform, recently reported a substantial transaction involving Ripple. According to Whale Alert, 200 million XRP, valued at approximately $118.96 million, was transferred from a Ripple wallet to an unknown wallet.
This transaction has led many to speculate that it is connected to Ripple’s alleged payment to the SEC, correlating with the court’s ruling which required Ripple to pay $125 million within 30 days.
These speculations come on the heels of the conclusion of the prolonged legal battle between Ripple and the SEC. The case has been a focal point in the crypto industry for years, and Ripple’s victory has reinforced the stance of many people and companies in the crypto world that cryptocurrencies are not inherently securities.
The reported payment and the subsequent transaction have significant implications for Ripple and the broader cryptocurrency market. If true, the payment to the SEC could cement the end of the legal dispute, as Ripple would no longer owe the SEC and XRP would be completely free from legal turmoil.
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Ripple’s Big Announcement
JackTheRippler’s revelation on X has also raised expectations within the crypto community. His comments about an upcoming announcement have been reposted and discussed widely, showing the high interest and anticipation surrounding Ripple’s next moves.
Additionally, the Ripple Swell event is coming, and Ripple CEO Brad Garlinghouse recently described it as the best event yet. The company has shared a lineup of experienced speakers. The community is excited about the massive announcements that accompany this event. Ripple’s Swell event will be held between October 15 and 16 in Miami, Florida, and the community is excited about what comes next for XRP.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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